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TMI BlogApplicability of E-invoces for Nil rated and Taxable goodsX X X X Extracts X X X X X X X X Extracts X X X X ..... We are dealing both nil rated and taxable goods. Can we raise e-invoice or not? Existing practice, we are raising E-invoice for both nil rated or taxable goods as turnover is crossed more than 25 crores in last financial year. Kindly Advice - Reply By KASTURI SETHI - The Reply = You are required to raise e-invoice because you dealing with nil rated supply and taxable supply. - Reply By kann ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... aiyan gajendra - The Reply = Thank you sir - Reply By Shilpi Jain - The Reply = For exempt supply u would issue bill of supply. No e invocie is required for the bill to of supply - Reply By KASTURI SETHI - The Reply = For more details peruse an article titled, E-INVOICE UNDER GST written by: Sh. M. GOVINDARAJAN, Sir on 10.3.22 in Article Section. NIL rate of tax is also one of the sl ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... abs of GST. Issuance of tax invoice for nil rated supply is legally correct. - Reply By Shilpi Jain - The Reply = Articles contain the views of the writer and need not be the correct position always. In that matter there are articles on cleartax which state that bill of supply is not invoice and no e-invoice required. So my view is still that e-invoice is required for invoice, debit notes and ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... credit notes and not for BoS. So not required to be issued for an exempt supply. Pls look at faq in para 11 at the link https://www.gstn.org.in/assets/mainDashboard/Pdf/GST%20e-invoice%20System%20-%20FAQs.pdf - Reply By Ganeshan Kalyani - The Reply = I agree with the view of Sri Kasturi Sir. If invoice raised having Nil rated and taxable supply then e-invoice is required to be generated for t ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... hat invoice. - Reply By Amit Agrawal - The Reply = W.r.t. quoted article, I think that even the learned author holds similar views that of Ms. Shilpi Jain Ji, wherein author has said in his article as follows: - ............ No E-Invoice is required to be generated for the exempted supply of goods or services or both and also for NIL rated supply . If there is supply of both taxable and ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... exempted/NIL rated goods then E-Invoice shall be required to be issued. Invoices, credit notes and debit notes are covered under E-Invoice scheme . All last of above quoted statements of the author was due to Rule 46A of the CGST Rules, 2017 , as I believe. Even otherwise and with due respect for all the views, I agree with the views of Ms. Shilpi Jain Ji - on the query raised - in her a ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... bove post No. 5. Above are my personal views and same should be construed as professional advice / suggestions. - Reply By KASTURI SETHI - The Reply = NIL rated supply is not exempted supply. It has no clash with Bill of Supply. In my view, Bill of supply is not in picture here. The query is about NIL rated supply and taxable supply. - Reply By Shilpi Jain - The Reply = There is no speci ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... fic NIL rated supply defined under GST. Exempted and NIL rated seem to be interchangeably used by all. - Reply By Shilpi Jain - The Reply = Also many a times we see that the GST forms use words loosely and not strictly as per the definitions under GST. This creates some problems. - Reply By Ganeshan Kalyani - The Reply = I agree with Sri Kasturi Sir. IRP is not restricting to generate IRN o ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... nly for taxable goods. If for a safer side a person want to generate IRN then he can do so. - Applicability of E-invoces for Nil rated and Taxable goods - Query Started By: - kannaiyan gajendra Dated:- 8-4-2022 Goods and Services Tax - GST - Got 11 Replies - GST - Discussion Forum - Knowledge Sharing, reply post by an expert, personal opinion Tax Management India - taxmanagementindia - taxmana ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... gement - taxmanagementindia.com - TMI - TaxTMI - TMITax ..... X X X X Extracts X X X X X X X X Extracts X X X X
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