How to differentiate Inward supply with Supply under GST?
What is Inward supply? How does Supply under GST work under GST regime? What are the difference between Inward supply and Supply under GST?
Under GST system, the following information explains about Inward supply and Supply under GST.
As per GST terms “Inward supply” in relation to a person, shall mean receipt of goods or services or both whether by purchase, acquisition or any other means with or without consideration; and “supply” has been inclusively defined in the Act. The meaning and scope of supply under GST can be understood in terms of following six parameters, which can be adopted to characterize a transaction as supply:
The details about Inward supply and Supply under GST with simple language from GST terms have been mentioned in this web blog separately. I suggest you to read these articles on Inward supply and Supply under GST, so as to enable you to have a clear idea on these GST terms.
For your immediate reference, we give below web links on Inward supply and Supply under GST separately below. You may kindly read the below links to know more about Supply under GST and Inward supply.
Meaning of term Inward supply under GST
Concept and nature of Supply under GST
The above information easily explains about Supply under GST and Inward supply.
I hope, you have satisfied with the difference between Inward supply and Supply under GST explained above. Do you have different thought on difference between Supply under GST and Inward supply?
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