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Seller_YKgjeXXddT66N

Need help with GST Filing in india.

Hi Friends,

I bought a product for 200 rs. I am setting profit as 20 rs. Amazon is charging so many fees like fixed, closing etc., so my product price become 389 Rs.

I am setting 103 Rs as the shipping as per amazon charges.

So my total price is 389 + 103 = 492.

Please note that even though total price is 492 Rs. i get only 20 rs.

Now the problem is, while filing gst, i need to pay gst.

Generally if we sell the same thing in shop counter, we pay gst only for that 20rs profit.

But in amazon, since the total price is 492, i need to pay to gst of 59.04 as i am in 12% slab.

Because of this, i am facing 39.04 rs loss. Please help me understand that whether i need to pay gst or not. If yes, then for what amount i need to pay?

Only for that 200 + 20?

or 389?

or 492?

62 views
4 replies
Account Setup
Tags:Taxes
00
Reply
user profile
Seller_YKgjeXXddT66N

Need help with GST Filing in india.

Hi Friends,

I bought a product for 200 rs. I am setting profit as 20 rs. Amazon is charging so many fees like fixed, closing etc., so my product price become 389 Rs.

I am setting 103 Rs as the shipping as per amazon charges.

So my total price is 389 + 103 = 492.

Please note that even though total price is 492 Rs. i get only 20 rs.

Now the problem is, while filing gst, i need to pay gst.

Generally if we sell the same thing in shop counter, we pay gst only for that 20rs profit.

But in amazon, since the total price is 492, i need to pay to gst of 59.04 as i am in 12% slab.

Because of this, i am facing 39.04 rs loss. Please help me understand that whether i need to pay gst or not. If yes, then for what amount i need to pay?

Only for that 200 + 20?

or 389?

or 492?

Account Setup
Tags:Taxes
00
62 views
4 replies
Reply
4 replies
user profile
Seller_lFg7VUzl8pJZA
In reply to: Seller_YKgjeXXddT66N's post

You need to check the GST rules with CA. Your knowledge in the matter seems not up to speed.

Let me summarise

You buy a product for 200/- , of which the GST is 12%, ie., 24/-. You need to have invoice raised in your GST number to claim the INPUT.

You sell the product at 492/-, of which the GST is 12 %, i.e., 59.04/-. This is OUTPUT.

Scenario 1 :

When you file GST return the seller from whom you bought will file a GST return which will enable you to claim 24/- as input.

So for final payment of GST you need to pay 59.04 - 24/- = 35.04/-. Your GST liability is 35.04/-

Scenario 2

If you got no input, i.e, you paid just 200/- without a GST bill. then you have to pay 59.04/-, it being the total GST liability.

Gist - GST is never calculated on profit , not in shop not on online. Your sale amount along with all other charges you asked for, is the amount on which you calculate GST liability.

00
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user profile
Seller_YKgjeXXddT66N

Need help with GST Filing in india.

Hi Friends,

I bought a product for 200 rs. I am setting profit as 20 rs. Amazon is charging so many fees like fixed, closing etc., so my product price become 389 Rs.

I am setting 103 Rs as the shipping as per amazon charges.

So my total price is 389 + 103 = 492.

Please note that even though total price is 492 Rs. i get only 20 rs.

Now the problem is, while filing gst, i need to pay gst.

Generally if we sell the same thing in shop counter, we pay gst only for that 20rs profit.

But in amazon, since the total price is 492, i need to pay to gst of 59.04 as i am in 12% slab.

Because of this, i am facing 39.04 rs loss. Please help me understand that whether i need to pay gst or not. If yes, then for what amount i need to pay?

Only for that 200 + 20?

or 389?

or 492?

62 views
4 replies
Account Setup
Tags:Taxes
00
Reply
user profile
Seller_YKgjeXXddT66N

Need help with GST Filing in india.

Hi Friends,

I bought a product for 200 rs. I am setting profit as 20 rs. Amazon is charging so many fees like fixed, closing etc., so my product price become 389 Rs.

I am setting 103 Rs as the shipping as per amazon charges.

So my total price is 389 + 103 = 492.

Please note that even though total price is 492 Rs. i get only 20 rs.

Now the problem is, while filing gst, i need to pay gst.

Generally if we sell the same thing in shop counter, we pay gst only for that 20rs profit.

But in amazon, since the total price is 492, i need to pay to gst of 59.04 as i am in 12% slab.

Because of this, i am facing 39.04 rs loss. Please help me understand that whether i need to pay gst or not. If yes, then for what amount i need to pay?

Only for that 200 + 20?

or 389?

or 492?

Account Setup
Tags:Taxes
00
62 views
4 replies
Reply
user profile

Need help with GST Filing in india.

by Seller_YKgjeXXddT66N

Hi Friends,

I bought a product for 200 rs. I am setting profit as 20 rs. Amazon is charging so many fees like fixed, closing etc., so my product price become 389 Rs.

I am setting 103 Rs as the shipping as per amazon charges.

So my total price is 389 + 103 = 492.

Please note that even though total price is 492 Rs. i get only 20 rs.

Now the problem is, while filing gst, i need to pay gst.

Generally if we sell the same thing in shop counter, we pay gst only for that 20rs profit.

But in amazon, since the total price is 492, i need to pay to gst of 59.04 as i am in 12% slab.

Because of this, i am facing 39.04 rs loss. Please help me understand that whether i need to pay gst or not. If yes, then for what amount i need to pay?

Only for that 200 + 20?

or 389?

or 492?

Account Setup
Tags:Taxes
00
62 views
4 replies
Reply
4 replies
4 replies
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Seller_lFg7VUzl8pJZA
In reply to: Seller_YKgjeXXddT66N's post

You need to check the GST rules with CA. Your knowledge in the matter seems not up to speed.

Let me summarise

You buy a product for 200/- , of which the GST is 12%, ie., 24/-. You need to have invoice raised in your GST number to claim the INPUT.

You sell the product at 492/-, of which the GST is 12 %, i.e., 59.04/-. This is OUTPUT.

Scenario 1 :

When you file GST return the seller from whom you bought will file a GST return which will enable you to claim 24/- as input.

So for final payment of GST you need to pay 59.04 - 24/- = 35.04/-. Your GST liability is 35.04/-

Scenario 2

If you got no input, i.e, you paid just 200/- without a GST bill. then you have to pay 59.04/-, it being the total GST liability.

Gist - GST is never calculated on profit , not in shop not on online. Your sale amount along with all other charges you asked for, is the amount on which you calculate GST liability.

00
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user profile
Seller_lFg7VUzl8pJZA
In reply to: Seller_YKgjeXXddT66N's post

You need to check the GST rules with CA. Your knowledge in the matter seems not up to speed.

Let me summarise

You buy a product for 200/- , of which the GST is 12%, ie., 24/-. You need to have invoice raised in your GST number to claim the INPUT.

You sell the product at 492/-, of which the GST is 12 %, i.e., 59.04/-. This is OUTPUT.

Scenario 1 :

When you file GST return the seller from whom you bought will file a GST return which will enable you to claim 24/- as input.

So for final payment of GST you need to pay 59.04 - 24/- = 35.04/-. Your GST liability is 35.04/-

Scenario 2

If you got no input, i.e, you paid just 200/- without a GST bill. then you have to pay 59.04/-, it being the total GST liability.

Gist - GST is never calculated on profit , not in shop not on online. Your sale amount along with all other charges you asked for, is the amount on which you calculate GST liability.

00
user profile
Seller_lFg7VUzl8pJZA
In reply to: Seller_YKgjeXXddT66N's post

You need to check the GST rules with CA. Your knowledge in the matter seems not up to speed.

Let me summarise

You buy a product for 200/- , of which the GST is 12%, ie., 24/-. You need to have invoice raised in your GST number to claim the INPUT.

You sell the product at 492/-, of which the GST is 12 %, i.e., 59.04/-. This is OUTPUT.

Scenario 1 :

When you file GST return the seller from whom you bought will file a GST return which will enable you to claim 24/- as input.

So for final payment of GST you need to pay 59.04 - 24/- = 35.04/-. Your GST liability is 35.04/-

Scenario 2

If you got no input, i.e, you paid just 200/- without a GST bill. then you have to pay 59.04/-, it being the total GST liability.

Gist - GST is never calculated on profit , not in shop not on online. Your sale amount along with all other charges you asked for, is the amount on which you calculate GST liability.

00
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