How to differentiate Bill of supply with Non-taxable supply?
What is Bill of supply? How does Non-taxable supply work under GST regime? What are the difference between Bill of supply and Non-taxable supply?
Under GST system, the following information explains about Bill of supply and Non-taxable supply.
As per GST terms, Bill of supply means 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. Non-taxable supply means a supply of goods or services or both which is not leviable to tax under this Act or under the Integrated Goods and Services Tax Act. A transaction must be a 'supply' as defined under the GST law, to qualify as a non-taxable supply under the GST law.
The details about Bill of supply and Non-taxable supply 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 Non-taxable supply, 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 Non-taxable supply separately below. You may kindly read the below links to know more about Non-taxable supply and Bill of supply.
Meaning of Bill of supply under GST
Term non-taxable supply under GST
The above information easily explains about Non-taxable supply and Bill of supply.
We hope, you have satisfied with the difference between Bill of supply and Non-taxable supply explained above. Do you have different thought on difference between Non-taxable supply and Bill of supply?
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