How to differentiate B2B with B2C?
What is B2B? How does B2C work under GST regime? What are the difference between B2B and B2C?
Under GST system, the following information explains about B2B and B2C.
The terms B2C and B2B are used very frequently these days, these are stand for ‘Business to Consumers’ and ‘Business to Business’, these two are totally different kind of transactions because the intention of transaction are altogether different. The overall transaction volume of B2B is much higher than that of B2C transactions. The primary reason for this is that in a typical supply chain there will be many B2B transactions involving subcomponents or raw materials, and only one B2C transaction, specifically sale of the finished product to the end customer.
The details about B2B and B2C with simple language from GST terms have been mentioned in this web blog separately. I suggest you to read these articles on B2B and B2C, so as to enable you to have a clear idea on these GST terms.
For your immediate reference, we give below web links on B2B and B2C separately below. You may kindly read the below links to know more about B2C and B2B.
Inter State B2C Supply Means
Link of Business to Business supply under GST
The above information easily explains about B2C and B2B.
We hope, you have satisfied with the difference between B2B and B2C explained above. Do you have different thought on difference between B2C and B2B?
Share below your thoughts about B2B and B2C
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