Question

what is the business between reataler and consumer under GSTIN known as
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Answer 1

Answer:

Under GST system, the following information explains about B2B and B2C. The terms B2C and B2B are used very frequently these days, these are stand for 'Business to Consumers' and 'Business to Business', these two are totally different kind of transactions because the intention of transaction are altogether different.Feb 6, 2019

Step-by-step explanation:

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Answer 2

Answer:

The Goods and Services Tax Act, 2017 passed in the Parliament led to the imposition of Goods and Services Tax (GST) in India. It is an indirect tax or consumption-based tax levied on the supply of goods and services. It is levied at every step in the production process but is refunded to all parties in the chain of production.

Step-by-step explanation: