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.
|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)
|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.