Good morning all, I have a query w.r.to multi-vendor platform where vendors will come to our platform and list their goods and give us commission upon selling their goods. On receiving orders from a customer , we will give details of the transaction to the vendor to deliver the goods and raise tax invoice. here payment will be collected by us from customers.
- Say the price of the product displayed on the site is – ₹10000/-
- Our commission is 15% on each sale we made
- 18% GST Applicable on sale of product & for our service.
- During the process of sale we gave a discount of 10% to customer i.e ₹1000/-, this discount should be born out of our share of 15%.
- Even though we sold for ₹9000/-, the vendor will get his share @ 85% on ₹10000 only
In the above transaction at what price vendor should raise tax invoice? And on what price should collect GST? I.e 9000/- or 10000/-?
At what price we should raise an invoice on the vendor? And collect GST? i.e ₹1500 or ₹500?
Thank you.
CAclubindia
