Economics · Goods and Services Tax (GST)
Under the GST regime in India, a taxpayer registered under the Composition Scheme is required to issue a 'Bill of Supply' instead of a regular Tax Invoice. Which of the following is a mandatory legal requirement for this document?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1They must mention the words 'Composition taxable person, not eligible to collect tax on supplies' at the top of the Bill of Supply.✓
- 2They must charge GST at a reduced rate of 1 percent or 5 percent on the invoice and show it as a separate line item.
- 3A Bill of Supply must include the HSN code for every single item regardless of the taxpayer's annual aggregate turnover.
- 4They are required to issue a Bill of Supply only if the transaction value exceeds ₹5,000.
Correct answer
They must mention the words 'Composition taxable person, not eligible to collect tax on supplies' at the top of the Bill of Supply.
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