What is Business to consumer under GST
The details about Business to consumer are explained here.
Business to consumer (B2C):
Business to consumer (B2C) is business or transactions conducted directly between a company and consumers who are the end-users of its products or services. The business-to-consumer as a business model differs significantly from the business-to-business model, which refers to commerce between two or more businesses.
Business to consumer (B2C) under GST
When Supplier is a registered taxpayer and Recipient is either unregistered business or a direct consumer, Tax invoice shall be issued consisting of-
- Tax Invoice Number and Date
- Name, address and GSTIN of the Supplier
- Name and address of the Recipient
- Description of Goods and/or Services
- Quantity, Value and Taxable Value
- Rate of Tax of CGST, SGST and Cess or IGST and Cess to be shown separately, as applicable
- Amount of Tax of CGST, SGST and Cess or IGST and Cess to be shown separately, as applicable
- In case of inter-State supply, place of delivery and place of supply
- Signature / Digital Signature of the Supplier
The information on Business to consumer is detailed above. Comment below your thoughts on Business to consumer.