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

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CA Maninder Singh

CA Maninder Singh is a Chartered Accountant for the past 13 years. He also provides Accounts Tax GST Training in Delhi, Kerala and online.