The document outlines the tax computation process under India's GST system for a merchant selling goods through an e-commerce platform. It shows that the merchant pays 12% GST on goods sold but can claim a tax credit of 18% GST paid on commission fees to offset against taxes owed, resulting in a net tax payable of Rs. 93 to the government. It also lists the various GST return forms and due dates that merchants must file, and provides an annexure specifying the Central Government's rates of Integrated GST ranging from 0.25% to 28% for different categories of goods.

1. PropertyofCluesNetworkPvt.Ltd.-Strictlyprivate&confidential
Tax Computation
Under GST System

2. PropertyofCluesNetworkPvt.Ltd.-Strictlyprivate&confidentialPropertyofCluesNetworkPvt.Ltd.-Strictlyprivate&confidential
Order Cycle and Taxes
Customer pays Rs. 1120
to Shopclues
Merchant
Customer
Receives
Order
Pay GST of Rs.93 to
Government on income
received from Customer after
deducting GST Credit.
Use input credit of Rs.27 which
is tax on fees deducted by
ShopcluesValue of Good sold to customer :
Rs.1000
GST @ 12% charged on Bill : Rs.120
Selling & Fulfilment Fees paid to
Shopclues
Rs.150
GST @ 18% charged on Bill :
Rs.27
Customer Invoice
Value of goods Rs.1000
Add: GST Rs. 120
Total Rs.1120
Merchant Invoice
Commission Rs.150
Add: GST Rs.27
Total Rs.177
Tax Calculation
GST on Income Rs.120
Less: GST Credit Rs.27
Net tax payable Rs.93
Merchant receives Rs.
943 from Shopclues after
commission

3. PropertyofCluesNetworkPvt.Ltd.-Strictlyprivate&confidentialPropertyofCluesNetworkPvt.Ltd.-Strictlyprivate&confidential
Tax Computation under GST system
Particulars Tax Under GST System
Value of Goods sold to Customer 1000
Add : VAT -
GST @12% 120
Total Receivable from Customer 1,120
Less: Commission paid to Shopclues @15% -150
Less : Service Tax/GST @18% -27
What Merchant receives from Shopclues 943
Less : Tax to be paid to Govt. - 93
Net Income 850
Only a registered merchant can take benefit of the GST
credit paid on it’s purchases.
Net Tax Calculation
GST Payable Rs.120
(-) Input GST Rs.27
Net GST Payable Rs.93
Please note official GSTIN of ShopClues
Name: Clues Network Pvt. Ltd.
GSTIN: 06AAECC3074B1Z6

4. PropertyofCluesNetworkPvt.Ltd.-Strictlyprivate&confidentialPropertyofCluesNetworkPvt.Ltd.-Strictlyprivate&confidential
GST Returns to be filed
Forms Description Due Date
GSTR-1
Details of outward supplies of taxable goods and/or services
effected
10th of the next
month
GSTR-2
Details of inward supplies of taxable goods and/or services
effected claiming input tax credit.
TBA
GSTR-3B
Monthly return on the basis of finalization of details of outward
supplies and inward supplies along with the payment of amount
of tax
20th of the next
month
GSTR-9 Annual Return TBA

5. PropertyofCluesNetworkPvt.Ltd.-Strictlyprivate&confidentialPropertyofCluesNetworkPvt.Ltd.-Strictlyprivate&confidential
Annexure: Central Government notified rate of
Integrated Goods and Services Tax (IGST)
S No. IGST Rate Schedule
1 5% In respect of goods specified in Schedule I
2 12% In respect of goods specified in Schedule II
3 18% In respect of goods specified in Schedule III
4 28% In respect of goods specified in Schedule IV
5 3% In respect of goods specified in Schedule V
6 0.25% In respect of goods specified in Schedule VI

6. PropertyofCluesNetworkPvt.Ltd.-Strictlyprivate&confidentialPropertyofCluesNetworkPvt.Ltd.-Strictlyprivate&confidential
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