Taxable Supply - As per Section 2(108) 'taxable supply' means a supply of goods or services or both which is leviable to tax under this Act; 2. Non Taxable Supply - As per Section 2(78) 'non-taxable supply' means a supply of goods or services or both which is not leviable to tax under this Act or under the IGST Act. Taxable Supplies. GST is only charged on taxable supplies. A taxable supply is defined below. Definition of Taxable Supply. To be a taxable supply, on which an organisation must charge GST, all of the following criteria must be met: The organisation must be registered for GST: There must be a supply of some kind.
Common Points About Tax Invoice and Bill of Supply.Name, Address,GSTIN No of Supplier.Unique Serial Number of Each Invoice in one or multiple series (Can have Dash – orSlash /.But it should be different series for each year.Date of Issue of Invoice.Name, Address,GSTINof Supplier If Registered.HSN Code of Goods.Description of Goods.Quantity as well as Quantity Code or Units.Total Value.Discount if any and Taxable Value (Total Value-Discount).Place of Supply (It is required For Interstate Sales).Address for Delivery.Signature/Digital Signature of Authorized Signatory.