How to differentiate Bill of supply with Reverse Charge?
What is Bill of supply? How does Reverse Charge work under GST regime? What are the difference between Bill of supply and Reverse Charge?
Under GST system, the following information explains about Bill of supply and Reverse Charge.
As per GST terms, Bill of supply means 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. Reverse Charge means the liability to pay tax by the recipient of supply of goods or services or both instead of the supplier of such goods or services or both under sub- section (3) or sub-section (4) of section 9, or under sub-section (3) or sub-section (4) of section 5 of the Integrated Goods and Services Tax Act.
The details about Bill of supply and Reverse Charge 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 Reverse Charge, 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 Reverse Charge separately below. You may kindly read the below links to know more about Reverse Charge and Bill of supply.
Meaning of Bill of supply under GST
Meaning of Reverse Charge under GST
The above information easily explains about Reverse Charge and Bill of supply.
We hope, you have satisfied with the difference between Bill of supply and Reverse Charge explained above. Do you have different thought on difference between Reverse Charge and Bill of supply?
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