Difference between E-FPB and B2B under GST terms
What is B2B? How does E-FPB work under GST regime? What are the difference between B2B and E-FPB?
Under GST system, the following information explains about B2B and E-FPB.
E-FPB stands for Electronic Focal Point Branch. These are branches of authorized banks which are authorized to collect payment of GST. Each authorized bank will nominate only one branch as its E-FPB for pan India transactions. The E-FPB will have to open accounts under each major head for all governments.
B2B, also called Business to business, is a type of transaction that exists between businesses, such as one involving a manufacturer and wholesaler, or a wholesaler and a retailer. The details about B2B and Single Business vertical with simple language from GST terms have been mentioned in this web blog separately. I suggest you to read these articles on B2B and Single Business vertical, so as to enable you to have a clear idea on these GST terms.
The details about B2B and E-FPB with simple language from GST terms have been mentioned in this web blog separately. I suggest you to read these articles on B2B and E-FPB, 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 E-FPB separately below. You may kindly read the below links to know more about E-FPB and B2B.
Meaning of E-FPB under GST
B2B,Business to Business under GST
The above information easily explains about E-FPB and B2B.
We hope, you have satisfied with the difference between B2B and E-FPB explained above. Do you have different thought on difference between E-FPB and B2B?
Share below your thoughts about B2B and E-FPB
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