Question 4 - What is the need to have separate rules for place of supply in respect of B2B (supplies to registered persons) and B2C (supplies to unregistered persons) transactions?
Faq On GST (2nd Edition) Dated 31.3.2017 Chapter 22 Place of Supply of Goods and Service
Contents
Summary
Note
Bookmark
Share
✓ Copied successfully !
Print
Print Options
For full text, please login
Login to TaxTMI
Verification Pending
The Email Id has not been verified. Click on the link we have sent on
Place of supply rules distinguish B2B pass-through input tax credit from B2C final consumption tax allocation. Separate place-of-supply rules are necessary because B2B supplies operate as a pass-through where tax charged is recoverable by the recipient as input tax ... Summary
Place of supply rules distinguish B2B pass-through input tax credit from B2C final consumption tax allocation.
Separate place-of-supply rules are necessary because B2B supplies operate as a pass-through where tax charged is recoverable by the recipient as input tax credit, making recipient location determinative, whereas B2C supplies are final consumption and the tax paid accrues to the government, requiring rules that identify where consumption occurs.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.