Types Of GST Invoices B2B, B2CL & B2CS

GST Invoices: B2B, B2CL and B2CS

GST Invoices

GST invoices are the important documents. It not only evidences the supply of goods or services, but is also an essential document for the recipient to avail Input Tax Credit (ITC). A registered person cannot avail Input Tax Credit unless he is in possession of a tax invoice or a debit note.

GST is chargeable at the time of supply. Therefore, invoice is an important indicator of the time of supply. In this article, we have explained the meaning of B2B, B2CS and B2CL. It is as follows:

Also Read: Various types of supply under GST

GST INVOICES B2B, B2CL & B2CS

B2B GST Invoices (Business to Business Invoice)

– B2B Invoice refers to business to business transaction
– The name, address and GSTIN or UIN of the customer must be mandatorily mentioned.
– The consumer is also a registered person under GST and is eligible to take Input Tax Credit.
– Invoice wise details of both intra-state and inter-state supplies should be uploaded in GSTR-1 Return.

B2CL Invoice [Business to Consumer (Large Invoice)]

– B2CL Invoice refers to Business to Consumer transaction, wherein the transaction is inter state and invoice value is more than Rs. 2.5 lacs.
– The name and address of the recipient must be mentioned along with address of delivery and place of supply.
– The consumer is an unregistered person and is not eligible to take Input Tax Credit.
– invoice wise details of inter-state supplies with invoice value exceeding Rs 2,50,000 needs to be uploaded in to GSTR-1 Return.

Also Read: Qualifications for GST Registration

B2CS Invoice [Business to Consumer (Small Invoice)]

– B2CS Invoice refers to Business to Consumer transaction, wherein the transaction is intra state and Invoice value should not be more than Rs. 2.5 lacs.
– The invoice must be serially numbered and should contain invoice date, value of supply, amount of tax applicable, GST rate applicable and HSN code or SAC code of the goods supplied.
– The consumer is an unregistered person and is not eligible to take Input Tax Credit.
– 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.

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5 thoughts on “GST Invoices: B2B, B2CL and B2CS”

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