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How to pass Sale Entries in case of Zomato/ Swiggy sales

A/c entries 2217 views 12 replies

Hello Experts

 

Please explain me how to record a Zomato/Swiggy sale and Receipt entry with GST,TDS and TCS

Replies (12)

Are you zomato or ordering food for your company or do you give food to zomoto delivery for your restaurant

Please consider me as a restaurant 

Dr. Zomato commission 10

Dr. Bank 90

Cr. Sale 100

That's because you pay a commission as per zomatos revenue model. Customer pays delivery fee. 

 

Is Customer directly make payment to Restaurant and then you pay commission to Zomato?. please Clarify.

Thank you for your reply,

Customer will pay to Zomato directly than Zomato will pay to us

Thank you for your reply

Dr. Zomato

Cr. Sale

All commissions related to them will be cut by them 

When you receive cash

Dr. Bank

Cr. Zomato

Is Zomato paying full amount to restaurant after collecting from Customer ? what about TDS ?.

Zomato is paying Net amount after deducting all taxes and comission only how can I pass Sale entry and receipt entry 

So TDS must applicable? Hope everyone had great holidays 

https://www.zomato.com/policies/zomato-pay/

The above treatment is wrong by everyone. Please make necessary entries

Originally posted by : Hari K
Zomato is paying Net amount after deducting all taxes and commission only how can I pass Sale entry and receipt entry 

 You are suppose  to pay commission  and  deduct  TDS  of Zomato  at time of  payment  of commission .    How  Zomato  is deducting  TDS  and  commission  and pay you net  amount  ? . please  Clarify .  


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