Live Course on Drafting of Appeal and Reply of Penalty Notice by CA Sachin Sinha. Register Now!!

invoice categories in gstr1

sivakrishna (no) (40 Points)

06 January 2019

What is the meaning of b2b, b2c and b2c others ..is there any penal proceedings for giving wrong categories in gstr1

Reply
Follow
Share

5 Replies

Vinod Babu (24191 Points)
Replied 06 January 2019

B2C and B2B are two forms of commercial transactions.

B2C, which stands for business-to-consumer, is a process for selling products directly to consumers.

B2B, which stands for business-to-business, is a process for selling products or services to other businesses

1 Like

Ranjeet Singh (accounts) (374 Points)
Replied 06 January 2019

B2B means selling to registered persons

1 Like

Vinod Babu (24191 Points)
Replied 06 January 2019

Agree with Mr. Ranjeet singh

B2C unregistered dealer(consumer)
B2B registered dealer

1 Like

sivakrishna (no) (40 Points)
Replied 06 January 2019

Thank u for response sirs, but clarify me the b2c others category of invoice

Vinod Babu (24191 Points)
Replied 06 January 2019

B2C (others) shown in table 7- means taxable supplies(net of debit notes and credit notes) to unregistered persons other than the supplies covered in Table 5.

1 Like