Difference between Lost sales and inward supply

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How to differentiate Inward supply with lost sales?

What is Inward supply? How do lost sales work under GST regime? What are the difference between Inward supply and lost sales?

Under GST system, the following information explains about Inward supply and lost sales.

As per GST terms “Inward supply” in relation to a person, shall mean receipt of goods or services or both whether by purchase, acquisition or any other means with or without consideration; Lost sales are those selling opportunities that you have lost because an item was out of stock or because you do not carry a particular brand or line of merchandise or any other reason that caused you to lose the opportunity to sell.

The details about Inward supply and lost sales with simple language from GST terms have been mentioned in this web blog separately. I suggest you to read these articles on Inward supply and Lost sales, so as to enable you to have a clear idea on these GST terms.

For your immediate reference, we give below web links on Inward supply and lost sales separately below.  You may kindly read the below links to know more about Lost sales and Inward supply.  

Meaning of term Inward supply under GST

Term Lost sales under GST

The above information easily explains about lost sales and inward supply.

I hope, you have satisfied with the difference between Inward supply and lost sales explained above. Do you have different thought on difference between Lost sales and Inward supply?

Share below your thoughts about Inward supply  and Lost sales

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