Difference between Taxable invoice and Bill of supply under GST terms
What is Bill of supply? How does Taxable invoice work under GST regime? What are the difference between Bill of supply and Taxable invoice?
Under GST system, the following information explains about Bill of supply and Taxable invoice.
As per GST terms, A bill of supply is a document of transaction that is different from a normal tax invoice. These bills do not contain any tax amount, as input tax cannot be charged in these cases. Under Taxable Invoice, a registered person supplying taxable services shall, before or after the provision of service but within a prescribed period, issue a tax invoice, showing the description, value, tax charged thereon
The details about Bill of supply and Taxable invoice with simple language from GST terms have been mentioned in this web blog separately. I suggest you to read these articles on Bill of supply and Taxable invoice, so as to enable you to have a clear idea on these GST terms.
For your immediate reference, we give below web links on Bill of supply and Taxable invoice separately below. You may kindly read the below links to know more about Taxable invoice and Bill of supply.
Meaning of Bill of supply under GST
Taxable invoice under GST
The above information easily explains about Taxable invoice and Bill of supply.
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