Question:
Please help me understand the correct procedure under GST for receiving a service bill without GST from a registered supplier. We recently received a bill for office wall painting services from a supplier who has a GST registration number, which is mentioned on the bill, but the bill does not include the GST tax value. Should the bill include GST, and what are the potential consequences if we accept a bill without GST?
Answer:
It is permissible to accept a bill without GST if the goods or services provided are exempt from GST or if the supplier is not registered under GST. However, if the supplier is registered under GST, they are obligated to collect GST and issue a proper tax invoice. This ensures compliance with GST regulations and helps maintain accurate financial records. Understanding these requirements is crucial for avoiding potential penalties and ensuring seamless business operations.