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How Commission Is Calculated -Simple Explanation #

For example:

If you sell a smartwatch at ₹2,360/-

Taxable value: ₹2,000/-

Commission rate: 8%

Commission:

₹2,000 × 8% = ₹160/-

GST on Commission:

₹160 × 18% = ₹28.80/-

Total Commission Deduction:

₹160 + ₹28.80 = ₹188.80/-

TCS (example at 0.5%):

₹2,000 × 0.5% = ₹10/-

Total Deductions:

₹188.80 + ₹10 = ₹198.80/-

The remaining balance amount will be credited to the seller wallet as per the LX INDIA Settlement Policy.