Invoice issue

In the GST regime, two types of invoices will be issued:

1. Tax invoice - When a registered taxable person supplies taxable goods or services, a tax invoice is issued. 

2. Bill of supply - In GST there are some instances where the supplier is not allowed to charge any tax and hence a Tax invoice can’t be issued instead another document called Bill of Supply is issued.

Cases where a registered supplier needs to issue bill of supply:

• Supply of exempted goods or services
• Supplier is paying tax under composition scheme