What is B2CL and B2CS?

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What is B2CL and B2CS?

B2CS Means business to consumer small. B2CL means consumer large. As per GST If any company or firm sold goods or services to public then it is called B2CS. Similarly goods or services sold to person who is another state with an invoice value more than 2,50,000 then it is called B2CL.

What is B2CL?

B2CL means Business to Consumer transaction where the transaction is inter state and invoice value is more than 2,50,000. B2CL transactions, the consumer is an unregistered person and is not eligible to take ITC.

What is the B2CS in gstr1?

B2CS (Business to Consumers Small) invoices refer to invoices that you’ve issued to consumers with its total value less than 2.5 lakhs. In Zoho Books, Consumers refer to all contacts whose GST Treatment is selected as Consumer.

What is B2CL in GST?

B2CL (Business-to-Consumer) invoices related to taxable outward inter-State supply transactions between a Registered Supplier (seller) and an Unregistered Recipient (buyer), where the invoice value is more than Rs 2.5 lakh.

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What is gstr2a?

GSTR 2A is a purchase-related dynamic tax return that is automatically generated for each business by the GST portal. When a seller files his GSTR-1, the information is captured in GSTR 2A. As a GST registered buyer, you may refer to the GSTR-2A for input tax credit details while filing GSTR-3B and GSTR-9.

What is the full form of B2C?

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.

What is B2C and B2B?

A B2B, or “business-to-business” company provides services or products to other businesses. A B2C, or “business-to-consumer,” company sells directly to individual consumers. They’re two separate business models that serve different types of customers, one being businesses and the other direct to consumer.

What is Cdnur?

CDNUR. This sheet requires details of Debit/Credit Notes issued to: Unregistered Tax Payers and Invoices reported in B2CL. Unregistered Tax Payers and Invoices reported in EXP.

What is gstr2a and gstr2b?

Form GSTR 2A is a purchase-related dynamic tax return that is automatically generated for each business by the GST portal and Form GSTR-2B is a new static month-wise auto-drafted statement for regular taxpayers (whether or not opted into the QRMP scheme) introduced on the GST portal.

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What is Gstr 3B?

GSTR-3B is a monthly self-declaration to be filed by a registered GST dealer along with GSTR 1 and GSTR 2 return forms. It is a simplified return to declare summary GST liabilities for a tax period. IMPORTANT: You have to file GSTR-3B even when there has been no business activity (nil return).

Is FMCG B2B or B2C?

First of all, usually a part of FMCG marketing involves some degree of B2B marketing. For example, Uncle Ben’s rice needs to build it’s brand in the eyes of the customer, but also it needs to do good business with the supermarket or corner store that it sells into.

What is the difference between B2Cs and b2cl invoice?

Here the B2C invoice is categorised in the B2CS and B2CL invoices. If the sales invoice is generated for the client who is from the different state (i.e inter state) and the invoice value is more than Rs.2.5 lakhs then the invoice is said to be B2CL invoice. B2CS means business to Customer Small. B2CL means business to customer Large.

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What is the difference between B2Cs and b2cl under GST?

B2CL means consumer large. As per GST If any company or firm sold goods or services to public then it is called B2CS. Similarly goods or services sold to person who is another state with an invoice value more than 2,50,000 then it is called B2CL.

What is the meaning of b2cl in supply chain management?

It covers supply to Non Gst registered customers for local supply of any amt and for inter state supply where amt is less than Rs. 2.5 lac. B2CL: Business to Customer Large. It covers supply to Non Gst registered customers for inter state supply where amt is more than or equal to Rs.2.5 lac.

Is b2cl applicable to unregistered persons?

Taxable outward inter-state supplies to un-registered persons where the invoice value is more than Rs 2.5 Lakh. We understood that B2CL is to be mentioned for interstate sales Invoice value more than 2.5 lakhs to unregistered party details.

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