Trading between GSTIN holder and consumer is known as
1)BB
2)B2B
3)B2C
4)BC
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B2B
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Trading between GSTIN holder and consumer is known as B2C
- The term B2C stands for Business to Consumer, whereas the term GST stands for Goods and Services Tax
- A person who properly conducts any business in India and who is registered or obliged to be registered under the GST Act is referred to as a taxable person.
- Such a private person is also recognized as GSTin holder under the GST.
- B2C refers to economic transactions where an enterprise sells products or services directly to a customer who is not registered for GST.
- In such a case, the enterprise is reasonably required to carefully collect and remit GST to the government in such complex transactions.
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