Lost sales and B2C Supply under GST terms
Posted on
11 June 2022 Category : GST terms difference ppellate Tribunal, Sec 113 of CGST Act, 2017
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How to differentiate B2C Supply with Lost sales?
What is B2C Supply? How do lost sales work under GST regime? What is the difference between B2C Supply and Lost sales?
Under GST system, the following information explains about B2C Supply and Lost sales.
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. 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 B2C Supply and Lost sales 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 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 B2C Supply and Lost sales separately below. You may kindly read the below links to know more about Lost sales and B2C Supply.
Inter State B2C Supply Means
Term Lost sales under GST
The above information easily explains about lost sales and B2C Supply.
We hope, you have satisfied with the difference between B2C Supply and Lost sales explained above. Do you have different thought on difference between lost sales and B2C Supply?
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Publication of information in respect of persons in certain cases, Section 159 of CGST Act, 2017
Section 156 Persons deemed to be public servants, CGST Act, 2017
Power to collect statistics, Section 151 of CGST Act, 2017
Goods and services tax compliance rating, Sec 149 of CGST Act, 2017
Section 146 of CGST Act, 2017 Common Portal
Section 145 of CGST Act, 2017 Admissibility of micro films, facsimile copies of documents
Job work procedure, Section 143 of CGST Act, 2017
Section 139 of CGST Act, 2017 Migration of existing taxpayers
Section 135 Presumption of culpable mental state, CGST Act, 2017
Liability of officers and certain other persons, Section 133 of CGST Act, 2017
Sec 132 of CGST Act, 2017 Punishment for certain offences
Section 129 of CGST Act, 2017 Detention, seizure and release of goods and conveyances in transit
Section 124 Fine for failure to furnish statistics, CGST Act, 2017
Sec 122 Penalty for certain offences, CGST Act, 2017
Section 119 Sums due to be paid notwithstanding appeal, of CGST Act, 2017
Orders of A