How to differentiate B2C Supply with Net value of taxable supplies?
What is B2C Supply? How does Net value of taxable supplies work under GST regime? What are the difference between B2C Supply and Net value of taxable supplies?
Under GST system, the following information explains about B2C Supply and Net value of taxable supplies.
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 are Net Value of Taxable supplies? The expression “net value of taxable supplies” means the aggregate value of taxable supplies of goods or services, other than services notified under Section 9(5), made during any month by all registered taxable persons through the operator reduced by the aggregate value of taxable supplies returned to the suppliers during the said month.
The details about B2C Supply and Net value of taxable supplies 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 Net value of taxable supplies, 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 Net value of taxable supplies separately below. You may kindly read the below links to know more about Net value of taxable supplies and B2C Supply.
Inter State B2C Supply Means
Term Net value of taxable supplies under GST
The above information easily explains about Net value of taxable supplies and B2C Supply.
We hope, you have satisfied with the difference between B2C Supply and Net value of taxable supplies explained above. Do you have different thought on difference between Net value of taxable supplies and B2C Supply?
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