What are the TDS charges levied for restaurants by Thrive?
Attention: under Section 194O, all e-commerce operators are mandated to deduct TDS on participants' gross sale amounts. The sale of goods or provision of services from a participant facilitated by an online marketplace falls under these criteria.
E-Commerce operators should deduct a specific amount as TDS at the time of credit of the amount of sale of goods, services, or both to the account of an e-commerce participant or at the time of making payment to an e-Commerce participant by any other mode, whichever is earlier.
Keeping this in mind, here’s a quick overview of how Thrive will be adhering to the same:
- Thrive shall deduct the TDS from all transactions starting from 1st October, 2022.
- The TDS credit shall be visible in your respective 26AS once we file the TDS return at the end of each quarter.
- The details of the same per transaction will also be mentioned in your Order Summary Report in column AG under header “TDS Deducted”.
Related Articles
What are the Thrive charges/ commercials?
The Thrive charges/ commercials are as follows: - Free setup - 3% + GST per transaction for delivery & pick-ups - Free dine-in - 2% Payment Gateway charges (3% for AMEX cards) - Delivery charges by 3rd party last mile partners: bit.ly/DVLTHRV - ...
What are the Thrive features included in the charges/ commercials?
The Thrive features included in the basic charges/ commercials are as follows: - Menu & Ordering website for Delivery, Pick-up & Dine-in - Universal Order Management Dashboard - Business Dashboard with Performance and Customer Insights - Promo-code ...
Which restaurants are already using Thrive? Can I see their menu for reference/ example?
Thrive has enabled restaurants across the country to setup their own direct online ordering website. You can have a look at them on our listing page here: https://thrivenow.in/order
How to setup Thrive on a custom domain for restaurants?
To setup Thrive on your custom domain follow the steps below: 1. Go to your domain provider, for example Go Daddy. 2. Go to the domain settings and find your DNS record management. 3. Now choose to Add a DNS record. For record Type, select A. 4. ...
How to add taxes to charges?
This can be done via your ‘Business Dashboard’. In the drop down menu on the left, click on the ‘Online Ordering’ tab. Follow the instructions given below: 1. Scroll down to ‘Charges’ in the online ordering tab. 2. In the ‘Tax Rate’ column, add the ...