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How is TCS calculated?
Elanic will deduct 1% TCS of a GST registered seller’s earning (commission and pick up charge excluded). For all orders from 22.07.2019 we will deduct 1% for all the orders and it will be visible in your wallet. The 1% deducted for TCS will be ...
What is the TCS process on Elanic?
As per section, 52 of CGST Act, 2017, all the eCommerce operators should collect TCS of 1% GST from suppliers selling their products or services on their platforms. According to the law, Elanic will deduct 1% TCS of a GST registered seller’s earning ...
What is GST? How to get GSTIN?
Goods and Service Tax (GST) is an indirect tax levied on the supply of goods and services. The Goods and Service Tax Act was passed in the Parliament on 29th March 2017. The Act came into effect on 1st July 2017. GSTIN is a tax registration number ...
What are Elanic's Charges?
Elanic charges a simple commission of 15%. Elanic Commission structure: (12.71% of the Final Product price + GST on commission, which sums up to 15%). In addition to this Elanic charges a pickup fee based on the size of the package you are selling. ...
Where do I enter my GSTIN on Elanic?
To enter your GSTIN on the app follow the below steps: Tap on the menu on the left side Click on Edit Profile Click on Store Details Enter your GSTIN number