Difference between Non-taxable supply and B2C Supply under GST terms
What is B2C Supply? How does Non-taxable supply work under GST regime? What are the difference between B2C Supply and Non-taxable supply?
Under GST system, the following information explains about B2C Supply and Non-taxable supply.
As per GST terms, B2C Supply 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.
What does Non-taxable supply mean? As per section 2(78) “non-taxable supply” means a supply of goods or services or both which is not livable to tax under this Act or under the Integrated Goods and Services Tax Act. A transaction must be a 'supply' as defined under the GST law, to qualify as a non-taxable supply under the GST law.
The details about B2C Supply and Non-taxable supply with simple language from GST terms have been mentioned in this web blog separately. We suggest you to read these articles on B2C Supply and Non-taxable 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 B2C Supply and Non-taxable supply separately below. You may kindly read the below links to know more about Non-taxable supply and B2C Supply.
Inter State B2C Supply Means
Term non-taxable supply under GST
The above information easily explains about Non-taxable supply and B2C Supply.
We hope, you have satisfied with the difference between B2C Supply and Non-taxable supply explained above. Do you have different thought on difference between Non-taxable supply and B2C Supply?
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