What is B2B in the context of GST returns, and how can we procure it?
16/07/2021 Computer - IT - Webs
Price: 1250.00 ₹
Description
B2B stands for business to business transaction. In b2b transaction, the customer is a registered person and is eligible for ITC
For B2B Supplies, invoice details of both inter-state and intra-state supplies should be uploaded in GSTR-1 return.
The government levies taxes on buyers of goods. The buyers pay the taxes for goods that are procured to deliver to the supplier. The tax components that buyers pay to suppliers are SGST, CGST, and GST Cess when supplier from the same state and IGST GST Cess when the supplier is from a different form.
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