🚀 Medial Secures Investment on Shark Tank India - Fueling the Future of Professional Social Networking. 🔥
Login

Back

Bhavesh Kumar

Finance & Accounts p... • 5m

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

Reply
1

More like this

Recommendations from Medial

Image Description
Image Description

Deepak Kumar

Founder @erizo.in • 5m

koi CA ya accountant ho toh mere ek sawal ka jawab dijiye maan lijiye amazon par kisi seller ka Rs.100 ka saman sale hota hai aur uski item ki MRP bhi 100 hai jisme 28% GST included hai, amazon sirf delivery fee aur platform fee le sakta hai, amazon

See More
11 Replies
1
6

AASHIRWAD DEVELOPER GROUP

The business should ... • 9m

GST Rates in India 2025 - List of Goods and Service Tax Rates, Slab & Revision https://www.cleartax.in/s/gst-rates

Reply
1
13

Vishu Bheda

AI did the magic • 1y

What if there was 0% GST in India?🤔 But first, what is GST?😶 It was introduced in 2017. It replaced taxes and aimed at creating a single national market. GST rates vary from 0% to 28%, depending on the product or service.

Reply
1
4
Image Description

Rasal

Never Give Up • 3m

Current GST Policy in India (2025): A Comprehensive Overview India’s Goods and Services Tax (GST), introduced in July 2017, has undergone several reforms to simplify the indirect tax structure and create a unified national market. In September 2025

See More
Reply
8
1

AASHIRWAD DEVELOPER GROUP

The business should ... • 1y

Attention GST taxpayers: November 30, 2024 is last day to claim pending input tax credit by filing GSTR 3B November 30, 2024, is the last date to claim any pending input tax credit (ITC) or amend any errors or omissions in compliance with the Goods

See More
Reply
2

CA Kakul Gupta

Chartered Accountant... • 3m

GST Rate Change – Important Clarification The Govt. has clarified that new GST rates will apply on all deliveries made on/after 22nd September. 👉 Even if you have booked your order, issued invoice, or made advance payment pehle, the new rate will

See More
Reply
11
Image Description

Shuvodip Ray

 • 

AuthorAI • 3m

I just purchased the ChatGPT Business Plan for one month (starting today, September 28). Only one user can join. I’m not a seller — just looking to split the cost.

Reply
5
1

Account Deleted

Hey I am on Medial • 7m

BCCI's profit is tax-free under Section 12A of the Income Tax Act, whereas IPL tickets bought by fans are subject to 28% GST.

Reply
9
Image Description
Image Description

Amit Sharma

Lead Data Analyst @ ... • 4m

🚨 Breaking News: Major GST Overhaul Announced! The GST Council just dropped a game-changer: a sharp two-tier tax structure replacing the old four slabs! 🔹 New slabs: 5% & 18% standard rates 🔹 Heavy sin goods now taxed at 40% This means s

See More
3 Replies
9
2

Dinesh H

Mission to Quit 9 to... • 6m

I am looking for some funding to my SaaS startups. so are there any hackathons or some competition to participate and get funds related to Fintech and Gst solution products ? my product is: AI GST Filling Automation helps the gst filling process si

See More
Reply
7

Download the medial app to read full posts, comements and news.