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How Net Commision Calculated

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This is a Franchise Commission

Gross Comm. 42.50
GST deducted. 7.65
TDS deducted. 2.13

Net Commission received. Rs.32.72


Dear Sir

This is a Net commision received by one of my friends for working as franchise.


Can any one tell how this is been calculated..

Is the net commission correct.

They have deducted the GST and TDS from Gross commission..
Replies (8)
If you are having GST number and When you issued Commission bill 42.50 +18% GST = 50.15 , you should receive 42.50 less TDS 2.13 Net amount 40.37 instead of 32.72.

And after that you have to deposit 7.65 GST collected to GOVT account out of 40.37.
Prasad Sir

If the bill amt including 18% GST is 50.15,
then I shd receive GST amt also know..
only TDS shd be deducted...right..
in 40.37 there is no GST amt.. Then how could I pay the GST from 40.37...Pls advise..
What is the Invoice amount you charged commission that should pluse GST ?.
Sir

Actually, they them self gave this calculation

Gross Comm. 42.50
GST deducted. 7.65
TDS deducted. 2.13

Net Commission received. Rs.32.72
Have you issued Invoice of 42.50 + GST 7.65 ?.
We have not issued any invoice..

The calculation of commission was given by the company. I doubt if they have calculated wrongly.
Are you Commission agent ?. what is the Business of your company ?.
We are franchise for Amazon easy store . Recently started. We have other services too like real estate services. We are GST registered.

The Calculation was given to us by the company


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