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Bhavesh Kumar

Finance & Accounts p... • 1d

1. Sale of Goods by Seller Seller's Invoice Value (Inclusive of GST @28%) = ₹100 Breakup: Taxable Value = ₹78.12 GST @ 28% = ₹21.88 This is a sale made by the seller, and Amazon collects this ₹100 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 ₹15 + 18% GST = ₹2.70 → Total Deduction = ₹17.70 This is an invoice from Amazon to the seller for service provided. Final Settlement: Total Collected from Customer: ₹100 Less: Amazon’s Service Charge (incl. GST): ₹17.70 Net Amount Paid to Seller: ₹82.30 Notes: The seller will pay GST of ₹21.88 to the government (Output Tax). Sellers can claim ITC of ₹2.70 on GST charged by Amazon (Input Tax). more clarification pls connect @9873842103

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