B2C (Business to consumer)

The term business-to-consumer (B2C) refers to the process of selling products and services directly between a business and consumers who are the end-users of its products or services. Most companies that sell directly to consumers can be referred to as B2C companies.

B2C Small Invoices

  • B2CS means Business to Consumer transaction
  • In B2CS transactions, the consumer is an unregistered person and is not eligible to take ITC.
  • For B2CS transactions, consolidated details of intra-state sales for each tax rate, and inter-state sales with invoice value up to Rs. 2,50,000/- for each rate of tax needs to be uploaded in GSTR-1 Return.

Note: Sate Wise Summary for each rate of tax should be reported in GSTR 1. The details to be reported includes State, Taxable Value, rate of tax, amount of tax

B2C Large Invoices

  • B2CL means Business to Consumer transaction where the transaction is interstate and invoice value is more than 2,50,000
  • B2CL transactions, the consumer is an unregistered person and is not eligible to take ITC
  • For B2CL transactions, invoice wise details of inter-state supplies with invoice value exceeding Rs 2,50,000 needs to be uploaded into GSTR-1 Return

Note: Scanned Copies of invoices are not required to be uploaded in GSTR 1. Only certain prescribed information needs to be uploaded i.e., Place of Supply, Invoice No, Invoice date, Taxable value, rate of tax, amount of tax and invoice Value to be declared

B2C Small: –

 On 01/09/2021, Sold following goods to Sonal Stationery, Surat (Gujrat) godown with Ref. No. SS -SEPT-011 where rate of GST is 18%.                                                                                             

Name of Stock itemQtyRatePer (Unit)
100-page notebook530Nos
200-page notebook760Nos
300-page notebook690Nos
Steel Ruler920Nos
Natraj Pencil815Nos

Ledger creation:

  • Sonal Stationery
  • IGST
  • Sales A/c

Name: – Sonal Stationery

Under: – Sundry Debtors

Maintain Balance bill by bill —–> Yes

State: – Gujrat

Registration type: – Consumer

Name: -IGST

Under: – Duty and tax

Type of duty/tax: – GST

Tax type: – Integrated tax

Sales Voucher: –

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Gateway of tally —–> Display —–> Statuary Report —–> GST —–> GSTR-1

Change date (F2) or period (Alt + F2) As required.

B2C Large

On 01/09/2021, sold following goods from Priyanka Stationery, Bhopal (Madhya Pradesh) godown with Ref. No. PS -SEP-10111 where rate of GST is 18%.

Name of Stock itemQtyRatePer (Unit)
Dell Keyboard55800.00Nos
Dell Mouse75700.00Nos
SanDisk Pen-drive(16gb)80890.00Nos
Large School Bag   100950.00Nos

Ledger creation:

  • Sonal Stationery
  • IGST
  • Sales A/c

Name: – Priyanka Stationery

Under: – Sundry Debtors

Maintain Balance bill by bill —–> Yes

State: – Madhya Pradesh

Registration type: – Consumer

Sales Voucher(F8): –

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Gateway of tally —–> Display —–> Statuary Report —–> GST —–> GSTR-1

Change date (F2) or period (Alt + F2) As required.