04 December 2018
if a restaurant received amount from swiggy/Zomato after deducting their commission on sales. if Sales is Rs.102/- & Rs.1/- is swiggy commission and swiggy transferred the remaining Rs.101/- to restaurant bank account after deducting one rupee as commission.
1) Now, how to file gst returns by restaurant & shall the restaurant pay the total gst on Rs.102/- or Rs.101/-? 2) Is restaurant eligible to deduct TDS under income tax or Gst TDS act on total commission paid to swiggy? 3) Or shall restaurant will received any invoice from swiggy, then what type of invoice ?
04 December 2018
There are two transaction here- the restaurant is selling food articles for Rs. 102. GST shall be paid on this amount; i.e. Value of goods plus GST is equal to Rs. 102. Another transaction is Rs. 1 commission received by Swaggy. Swaggy invoice shall be commission plus GST is Rs. 1. The restaurant shall be eligible to take credit of this GST paid as commission is an input service; if otherwise eligible. There is TDS requirement. The restaurant should deduct Income Tax TDS on the commission amount. That TDS can be paid by swaggy itself, on restaurant behalf. Further, swaggy is required to collect GST TDS under Section 52 of the CGST Act. The restaurant must receive a commission invoice from Swaggy on certain intervals, may be on a monthly basis.
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