6.A. Bill of Supply
A bill of supply is similar to a GST invoice except that bill of supply does not contain any tax amount as the seller cannot charge GST to the buyer.
A bill of supply is issued in cases where tax cannot be charged:
- Registered person is selling exempted goods/services,
- Registered person has opted for composition scheme
6.B. Aggregate Invoice
If the value of multiple invoices is less than Rs. 200 and the buyer is unregistered, the seller can issue an aggregate or bulk invoice for the multiple invoices on a daily basis.
For example, you may have issued 3 invoices in a day of Rs.80, Rs.90 and Rs. 120. In such a case, you can issue a single invoice, totaling to Rs290, to be called an aggregate invoice.
6.C. Debit and credit note
A debit note is issued by seller when the amount payable by buyer to seller increases:
- Tax invoice has a lower taxable value than the amount that should have been charged
- Tax invoice has a lower tax value than the amount that should have been charged
A credit note is issued by seller when the value of invoice decreases:
- Tax invoice has a higher taxable value than the amount that should have been charged
- Tax invoice has a higher tax value than the amount that should have been charged
- Buyer refunds the goods to the supplier
- Services are found to be deficient
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