Means Of Inward & Outward Supplies

watch_later 3 years, 6 months ago

What is meaning of inward and outward supplies under GST?

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    I edited your question as nothing was provided in description. When you ask a question, do us a favor of explaining you question in detail. - GST Payer
1 Answer

GST Payer watch_later 3 years, 6 months ago

I will explain these terms in simple language. For exact definition please refer section 2 of CGST Act, 2017.

Inward supplies means any supply received by your business (purchases and expenses).

Outward supplies means any supply made by your business (Sales and any other services provided).

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