Regarding ESCRIP RODTEP supply

[Rajeev Khulbe]

 We are selling E-SCRIP RODTEP Which Are Covered Under Schedule III, If we sell This. Then what invoice type we will raise to buyer. Tax Invoice or Bill of Supply?

THANKS IN ADVANCE

RAKSHIT

UTTARAKHAND

[Sadanand Bulbule]

Since sale of E-SCRIP/RODTEP is covered under Schedule III of the CGST Act, 2017, it is neither a supply of goods nor a supply of services. Therefore, it is outside the scope of GST.  No GST is payable on such transactions. Accordingly, neither Tax Invoice nor Bill of Supply is required under GST law. 

However, for commercial and accounting purposes, you may issue a commercial invoice/transfer document clearly mentioning: “Sale/transfer of E-SCRIP RODTEP – Covered under Schedule III of CGST Act – Not a supply under GST.”

[Shilpi Jain]

Selling RoDTEP scrip is an exempt supply and not a Sch III item. Issue a bill of supply

AI Summary

RoDTEP scrip classification impacts invoicing: conflicting views on whether GST applies or bill of supply required. Treatment of E SCRIP/RoDTEP scrips hinges on their characterisation: one view treats them as outside the scope of GST under Schedule III, requiring no tax invoice or bill of supply though a commercial transfer document may be issued; an alternate view treats them as an exempt supply, for which a bill of supply should be issued.