How to differentiate Supplier under GST with Value of supply?
Difference between Value of supply and Supplier under GST terms
What is Supplier under GST? How does Value of supply work under GST regime? What are the difference between Supplier under GST and Value of supply?
A supplier is an entity that supplies goods and services to another organization. This entity is part of the supply chain of a business, which may provide the bulk of the value contained within its products. Some suppliers may even engage in drop shipping, where they ship goods directly to the customers of the buyer. The value of a supply of goods or services or both shall be the transaction value, which is the price actually paid or payable for the said supply of goods or services or both where the supplier and the recipient of the supply are not related and the price is the sole consideration for the supply.
The details about Supplier under GST and Value of supply with simple language from GST terms have been mentioned in this web blog separately. We suggest you to read these articles on Supplier under GST and Value of supply, so as to enable you to have a clear idea on these GST terms.
For your immediate reference, we give below web links on Supplier under GST and Value of supply separately below. You may kindly read the below links to know more about Value of supply and Supplier under GST.
Supplier under GST
value of supply under GST
The above information easily explains about Value of supply and Supplier under GST.
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