Difference between Reverse Charge and B2C under GST terms
What is B2C? How does Reverse Charge work under GST regime? What are the difference between B2C and Reverse Charge?
Under GST system, the following information explains about B2C and Reverse Charge.
As per GST terms, B2C means; 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. Reverse Charge means the liability to pay tax by the recipient of supply of goods or services or both instead of the supplier of such goods or services or both under sub- section (3) or sub-section (4) of section 9, or under sub-section (3) or sub-section (4) of section 5 of the Integrated Goods and Services Tax Act.
The details about B2C and Reverse Charge with simple language from GST terms have been mentioned in this web blog separately. I suggest you to read these articles on B2C and Reverse Charge, 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 and Reverse Charge separately below. You may kindly read the below links to know more about Reverse Charge and B2C.
Inter State B2C Supply Means
Meaning of Reverse Charge under GST
The above information easily explains about Reverse Charge and B2C.
We hope, you have satisfied with the difference between B2C and Reverse Charge explained above. Do you have different thought on difference between Reverse Charge and B2C?
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