How to differentiate Bill of supply with Zero rated supply?
What is Bill of supply? How does Zero rated supply work under GST regime? What are the differences between Bill of supply and Zero rated supply?
Under GST system, the following information explains about Bill of supply and Zero rated 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.
Zero rated supply means any of the following supplies of goods or services or both, namely Export of goods or services or both; or Supply of goods or services or both to a Special Economic Zone developer or a Special Economic Zone unit.
The details about Bill of supply and Zero rated 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 Zero rated 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 Zero rated supply separately below. You may kindly read the below links to know more about Zero rated supply and Bill of supply.
Meaning of Bill of supply under GST
Zero rated supply under GST
The above information easily explains about Zero rated supply and Bill of supply.
We hope, you have satisfied with the difference between Bill of supply and Zero rated supply explained above. Do you have different thought on difference between Zero rated supply and Bill of supply?
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