How to bill the stock to the retailer on ready sale?

How to bill the stock to the retailer on ready sale?

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1 Answer(s)

In the GST regime, two types of invoices will be issued.

1. tax invoice – supplier or seller is allowed to collect tax i.e. Tax invoice is generally issued to charge the tax and pass on the credit

2. bill of sale – when supplier or seller is not allowed to collect tax i.e. sale or supply of exempted goods or services or supplier is under a composite scheme.

Answered on July 5, 2017.
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Gen GST