New Enroll in RBI Grade B New Batch - Starts on May 21

    Question

    In context of Goods and Service Tax, A supplier

    registered under composition scheme is required to issue which document at the time of making supply?
    A Tax Invoice Correct Answer Incorrect Answer
    B Bill of Supply Correct Answer Incorrect Answer
    C E-way bill Correct Answer Incorrect Answer
    D Any of the above document Correct Answer Incorrect Answer

    Solution

    A supplier registered under the composition scheme in the context of Goods and Service Tax (GST) is required to issue a "Bill of Supply" at the time of making a supply. Unlike a tax invoice, the Bill of Supply does not include any tax amount as composition scheme taxpayers are not allowed to collect and pass on GST to their customers. It is a simplified document meant for businesses under the composition scheme to declare their supplies without the need for detailed tax calculations.

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