If vendor is not registered in GST, GST deducted will be his expense

If he is registered in GST, he can reduce the same from his tax liability

Example 1

Flipkart Sells goods to customer for Rs 100000

It charges Rs 30000 Commission and pays Balance to Vendor

What is TCS to be deposited

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Suppose GST Rate on Goods is 5%. What is GST Payable by Vendor

View Answer
  1. GST - Goods and Services Tax, India
  2. GST Computation & Accounting

About the Author

CA Maninder Singh's photo - Expert in Practical Accounts, Taxation and Efiling
CA Maninder Singh
CA Maninder Singh is a Chartered Accountant for the past 10 years. He also provides Accounts Tax GST Training in Delhi and Pune.