How to differentiate B2B with Single Business vertical?
What is B2B? How does Single Business vertical work under GST regime? What are the difference between B2B and Single Business vertical?
Under GST system, the following information explains about B2B and Single Business vertical.
A Single Business vertical market is a market in which seller offer goods and services specific to an industry, trade, profession, or other group of customers with specialized needs. It is distinguished from a horizontal market, in which vendors offer a broad range of goods and services to a large group of customers with a wide range of needs, such as businesses as a whole, men, women, households, or, in the broadest horizontal market, everyone.
Business to business, also called B to B or B2B, 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.
For your immediate reference, we give below web links on B2B and Single Business vertical separately below. You may kindly read the below links to know more about Single Business vertical and B2B.
What is Single Business vertical under GST
B2B,Business to Business under GST
The above information easily explains about Single Business vertical and B2B.
We hope, you have satisfied with the difference between B2B and Single Business vertical explained above. Do you have different thought on difference between Single Business vertical and B2B?
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