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Tax Invoice |
A tax invoice contains the list of goods / services, along with the description, quantity, and value of the supply made by the vendor.
It is issued when a registered dealer supplies taxable goods or services. |
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Bill of Supply |
A bill of supply is issued when tax cannot be charged on the goods or services sold.
It is usually issued when composition dealers make a sale or when exempt goods /services are supplied. |
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Delivery Note or Challan |
When no actual sale of goods or services takes place, a delivery challan is generated instead of a tax invoice.
For example, during the transportation of goods from one warehouse to another, a delivery challan / note is issued. |
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Debit Note or Credit Note |
Debit / Credit notes are usually issued to rectify the wrong values recorded in the invoices. |
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e-Way Bill |
An e-way bill is a permit needed for inter-state transportation of goods worth more than Rs. 50,000.
It can be electronically generated through the GSTN. E-way bills are not required for exempted goods. |
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e-way implementation has been deferred to 01 Apr 2018 |