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gst 0% sales

15 December 2017

dear sir please tell us what is the method of using when department not adding any gst amount on gross bill is it related to 0% sale or what

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2 Replies

vinod bhagat (Accountant ) (92 Points)
Replied 16 December 2017

gst tax rates are provided in tax invoice whereas tax free invoices are called bill of supply however sometime u will see there may be few products are charged under gst and few are gst tree it means these product are nill rated under gst so don't worry if any of the gst rate is not provided in invoice it means its nill rated or tax free invoice..

vinod bhagat (Accountant ) (92 Points)
Replied 16 December 2017

one more important thing a regular registered dealer under gst can raise tax invoice whereas any other registered under composition scheme can not raise tax invoice and raises bill of supply to his customer...