Difference between Place of supply and Inward supply

Posted on 11 June 2022 Category : GST terms difference

How to differentiate Inward supply with Place of supply?

What is Inward supply? How does Place of supply work under GST regime? What are the difference between Inward supply and Place of supply?

Under GST system, the following information explains about Inward supply and Place of supply.

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; and “Place of supply” means the place of supply as referred to in Chapter V of the Integrated Goods and Services Tax Act;

The details about Inward supply and Place of supply 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 Place of supply, 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 Place of supply separately below. You may kindly read the below links to know more about Place of supply and Inward supply .

Meaning of term Inward supply under GST

Term place of supply under GST

The above information easily explains about Place of supply and Inward supply.

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

Share below your thoughts about Inward supply and Place of supply

Learn Exports Imports Free, Click here

Click here to know GST rate of your goods or service

Applicable import duty after GST implantation

How to calculate IGST under imports?

Changes in IEC after GST

Linking IEC with GSTIN in customs

Import under EPCG after GST

GST on imports by EOUs and SEZs

Changes of operation of SEZ

Does CVD exists under project imports?

Baggage clearance after GST implementation