Your payment will be process within 3 working days after the date of delivery of the product conditionally that your products are non refundable/non returnable .In case your products falls in categories of refundable / returnable goods then the payment cycle will start from day of return end.

  1. Please note that the payment is made after deducting the sum of:
    • Platform Charges, Material Handling Charges, Payment Collection Charges Rs. 50/- per order.
    • GST + Penalty (if any) + TDS (0.75) on base price + TCS (1% on base price) from your Selling Price.
  2. Tax deducted at source (TDS) u/s 194- O mandates e-commerce companies to deduct TDS on sales of goods & services through their platform. This is effective from October1,2020. The rate of TDS applicable will be 0.75% (of base sale price) from October 1, 2020.
  3. Once the product is delivered to the customer, the payment will get processed within 3 working days from the date of delivery of the product.
  4. Payment is transferred every day except for bank holidays and it is processed during the banking hours only .
**This table of calculation is for representation purposes only**
PAYOUT EXAMPLE: (Product) TOYS
Selling Price ₹ 1,000.00

1. Marketplace Handling Fees

2. Payment gateway fee

3. Logistic charges

4. Fixed closing fee(as per product price)

₹ 50
GST @ 18% ₹ 9.00[18%*(50)]
TCS (1%) On basis price ₹ 8.47[1% *(selling price applicable GST on the product)]
TDS (0.75%*) ON BASE PRICE ₹ 6.36[0.75% *(selling price applicable GST on the product)]
Final Payout ₹ 926.17[(1000) - (50-9-8.47-6.56)]

*Tax deducted at source (TDS) u/s 194-O mandates e-commerce companies to deduct TDS on sales of goods and services through their platform.The rate of TDS applicable is 0.75% ( of the base selling price) from October 1 2020. However in cases where in the PAN is unavailable or invalid, TDS at 5% will be applicable.