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Bhavesh Kumar

Finance & Accounts p...ย โ€ขย 21d

1. Sale of Goods by Seller Seller's Invoice Value (Inclusive of GST @28%) = โ‚น100 Breakup: Taxable Value = โ‚น78.12 GST @ 28% = โ‚น21.88 This is a sale made by the seller, and Amazon collects this โ‚น100 from the customer on behalf of the seller. 2. Service Charges by Amazon to Seller Amazon deducts its service charges for delivering the goods and providing platform services. Suppose the service charge is โ‚น15 + 18% GST = โ‚น2.70 โ†’ Total Deduction = โ‚น17.70 This is an invoice from Amazon to the seller for service provided. Final Settlement: Total Collected from Customer: โ‚น100 Less: Amazonโ€™s Service Charge (incl. GST): โ‚น17.70 Net Amount Paid to Seller: โ‚น82.30 Notes: The seller will pay GST of โ‚น21.88 to the government (Output Tax). Sellers can claim ITC of โ‚น2.70 on GST charged by Amazon (Input Tax). more clarification pls connect @9873842103

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