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We charge a 1.99% + Rs. 10 Townscript fees on every ticket purchased. In addition to this, we have a 1.99% payment gateway fee on every ticket.
For example, you have a Rs. 1000 ticket (inclusive of taxes)
PG Fee @ 1.99% = 19.9 (A)
Townscript Fee @ 1.99% and Rs. 10 = 19.9 + 10 = 29.9 (B)
Total Fees with GST
PG Fee (A*1.18) = Rs. 23.48 (C)
Townscript Fee (B*1.18) = Rs. 35.28 (D)
i) Organizer bears the Entire Processing Fee
Buyer Pays = 1000
Organizer Gets = Buyer Pays - PG Fee - Townscript Fee
= 1000 - 58.76
= 941.24
ii) Buyer bears the Entire Processing Fee
Buyer Pays = Ticket Price (inclusive of Taxes) + PG Fee + Townscript Fee
= 1000 + 23.48 + 35.28
= 1058.76
Organizer Gets = 1000
iii) Buyer bears PG Fees and Organizer bears Townscript Fee
Buyer Pays = Ticket Price (inclusive of Taxes) + PG Fee
= 1000 + 23.48
= 1023.48
Organizer Gets = Ticket Price (inclusive of Taxes) - Townscript Fee
= 1000 – 35.28
= 964.72
iv) Organizer bears PG Fees and Buyer bears Townscript Fee
Buyer Pays = Ticket Price (inclusive of Taxes) + Townscript Fee
= 1000 + 35.28
= 1035.28
Organizer Gets = Ticket Price (inclusive of Taxes) - PG Fee
= 1000 -23.48
= 976.52
***Note: For organizers who are GST registered, 1% of the ticket price is deducted before making the payments. This amount is filed against the GSTIN number provided by the organizers on the GST Portal on a monthly basis. ***