Yasaswi Gomes new
(Finance )
(4514 Points)
Replied 08 November 2023
Are you zomato or ordering food for your company or do you give food to zomoto delivery for your restaurant
Yasaswi Gomes new
(Finance )
(4514 Points)
Replied 08 November 2023
Dr. Zomato commission 10
Dr. Bank 90
Cr. Sale 100
That's because you pay a commission as per zomatos revenue model. Customer pays delivery fee.
prasad Nilugal
( GST Practitioner & Accounts )
(14801 Points)
Replied 09 November 2023
Hari K
(Jr.Accountant)
(29 Points)
Replied 09 November 2023
Thank you for your reply,
Customer will pay to Zomato directly than Zomato will pay to us
Yasaswi Gomes new
(Finance )
(4514 Points)
Replied 09 November 2023
Dr. Zomato
Cr. Sale
All commissions related to them will be cut by them
When you receive cash
Dr. Bank
Cr. Zomato
prasad Nilugal
( GST Practitioner & Accounts )
(14801 Points)
Replied 09 November 2023
Hari K
(Jr.Accountant)
(29 Points)
Replied 13 November 2023
Zomato is paying Net amount after deducting all taxes and comission only how can I pass Sale entry and receipt entry
Yasaswi Gomes new
(Finance )
(4514 Points)
Replied 14 November 2023
So TDS must applicable? Hope everyone had great holidays
Yasaswi Gomes new
(Finance )
(4514 Points)
Replied 15 November 2023
https://www.zomato.com/policies/zomato-pay/
The above treatment is wrong by everyone. Please make necessary entries
prasad Nilugal
( GST Practitioner & Accounts )
(14801 Points)
Replied 16 November 2023
| Originally posted by : Hari K | ||
 |
Zomato is paying Net amount after deducting all taxes and commission only how can I pass Sale entry and receipt entry |  |
You are suppose to pay commission and deduct TDS of Zomato at time of payment of commission . How Zomato is deducting TDS and commission and pay you net amount ? . please Clarify .
CAclubindia
