ONE OF MY CLIENT IS DEALING IN TAXABLE AS WELL AS EXEMPTED GOODS.
THERE ARE TWO TYPE OF CUSTOMERS:-
1. WHO PURCHASES TAXABLE AS WELL EXEMPTED GOODS.
2. WHO PURCHASES ONLY TAXABLE GOODS
3.WHO PURCHASES EXEMPTED GOODS.
CAN OUR CLIENT ISSUE SEPARATE INVOICES FOR TAXABLE GOODS AND SEPARATE INVOICE FOR EXEMPTED GOODS?
KINDLY CALRIFY SIR
Businesses Must Issue Separate Invoices: 'Tax Invoice' for Taxable Goods, 'Bill of Supply' for Exempt Goods per GST Law A client dealing in both taxable and exempted goods inquired about issuing separate invoices for each type. Responses confirmed that for taxable goods, a 'Tax Invoice' is necessary, while a 'Bill of Supply' is required for exempted goods, as per GST law. Additionally, an E-Way Bill must accompany goods depending on the threshold limit. Participants referenced Section 31(2)(c) of the CGST Act and relevant guidelines, agreeing on the necessity of distinct invoicing for compliance. (AI Summary)
TaxTMI 
TaxTMI 
