What is tax invoice and bills of supplies? When to be issued it? Both are required to be issued in any incident ?
Tax invoice will be issued if you are not registered person capable of passing on the credit to the recipient. while Bill of supply is to be issued by Composition dealer who can not pass on credit to recipient.
Issuing of bill of supply mandatory only if bill is more than 200 else optional, while Invoice it is mandatory
Tax invoice can be issued by ragular registered tax payer while supply bill can be issued by composite tax payer.