Bill of Supply

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..... Bill of Supply
Query (Issue) Started By: - Kaustubh Karandikar Dated:- 17-9-2021 Last Reply Date:- 25-9-2021 Goods and Services Tax - GST
Got 5 Replies
GST
XYZ is supplying goods by making 1) High Sea Sale 2) Importing, Storing in Customs bonded warehouse without paying import duty. These goods are cleared from customs bonded warehouse by the customer of XYZ by paying import duty. XYZ .....

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..... is simply giving Commercial Invoice without GST. In both the situation since GST is not paid by XYZ, whether XYZ is required to prepare 'Bill of Supply' or only 'Commercial Invoice' is sufficient? Reply By Rajagopalan Ranganathan: The Reply: Sir, According to Section 31 (3) (c) of CGST Act, 2017 a registered person supplying exempted goods or services or both or paying tax under the provisions .....

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..... of section 10 (Composition Dealers) shall issue, instead of a tax invoice, a bill of supply containing such particulars and in such manner as may be prescribed: XYZ is not supplying exempted goods or services or both or paying tax under the provisions of section 10 (Composition Dealers). He is supplying imported goods but customs duty and IGST thereon is paid by a third party who is clearing goo .....

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..... ds from the customs bonded warehouse. In this case, XYZ would issue an authorization authorizing the third party to clear the imported goods from customs bonded warehouse on payment of applicable duty/taxes. Hence XYZ need not issue either bill of supply or commercial invoice. Reply By KASTURI SETHI: The Reply: I am also of the same view as opined Sh.Ranganathan, Sir. Reply By Shilpi Jain: The .....

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..... Reply: Sale of warehoused goods before clearance for home consumption and high sea sales are Sch III items under GST. Hence, no supply. No bill of supply to be issued. Commercial invoice (non GST document) would suffice. Reply By Karan Bansal: The Reply: I agree with Ranganathan sir. Reply By Ganeshan Kalyani: The Reply: A commerical invoice would suffice.
Discussion Forum - Knowledge Sh .....

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..... aring .....

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