How to differentiate Bill of supply with Taxable supply?
What is Bill of supply? How does Taxable supply work under GST regime? What are the difference between Bill of supply and Taxable supply?
Under GST system, the following information explains about Bill of supply and Taxable supply.
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.
What is Taxable supply?
Taxable supply means a supply of goods or services or both which is leviable to tax under Central Goods and Service Tax Act, 2017.
The details about Bill of supply and 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 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 Taxable supply separately below. You may kindly read the below links to know more about Taxable supply and Bill of supply.
Meaning of Bill of supply under GST
What is Taxable supply under GST
The above information easily explains about Taxable supply and Bill of supply.
We hope, you have satisfied with the difference between Bill of supply and Taxable supply explained above. Do you have different thought on difference between Taxable supply and Bill of supply?
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