corona relief campaign
pledging ~50% of our revenues
overview
background
The Corona is still spreading like a wild fire across the globe, ravaging economies and destroying the livelihood of millions. This is bound to have far reaching economic impact affecting almost all the segments of the society. In this time when even the mightiest of the nations are struggling and the governments are clueless about how to manage the present situation and prepare for the crippling effects on the economy and the population at large, every small step counts. We, at ToffeeRide believe that good quality education is the only long term solution for most of the issues plaguing our society. But now is a moment where we can have to step beyond our stated passion and do something which is an immediate priority of the present times – to support the government and other foot soldiers in their fight against corona. Hence, our pledge to contribute a portion of our revenues to the government.
What is the essence of our Pledge
We will be paying Rs 2,000/- directly to the Kerala CMDRF* from the proceeds of the sale of our annual programme for primary school kids currently available at a price of Rs 4,999/-. The price also includes an applicable GST of approximately Rs 760/-*. So the total contribution to the government will be almost 55% of the payments received. We plan to do this for all the revenues made under this scheme until 31st May 2020.
*Please check FAQs for more clarity
|
|
Details of payment calculation |
|
|---|---|---|
| I | Payment received for annual program | Rs 4,999/- |
| a | Revenues | Rs 4,236/- |
| b | GST at 18% | Rs 763/- |
| II | Total contribution to government | Rs 2,763/- |
| a | Direct Contribution to Corona Relief | Rs 2,000/- |
| b | GST to government | Rs 763/- |
| III | % of Revenues contributed to corona relief [II(a) / I(a)] | 47.2% |
| IV | % of Payments contributed to the Government [II/ I] | 55.3% |
Details of Contributors
sl/no |
Name / parent of |
Identifier |
Contribution |
Beneficiary |
|---|---|---|---|---|
Details of Beneficiaries
sl/no |
Beneficiary |
Date |
Amount |
Payment Receipt |
|---|---|---|---|---|
Frequently Asked Questions
1. How do I participate in this campaign ?
Please click here to purchase our annual program. You may also contact our customer support +91 858 9933 746 for more details
2. Please provide more clarity on the actual contributions made to the government under this scheme ?
|
|
Details of payment calculation |
|
|---|---|---|
| I | Payment received for annual program | Rs 4,999/- |
| a | Revenues | Rs 4,236/- |
| b | GST at 18% | Rs 763/- |
| II | Total contribution to government | Rs 2,763/- |
| a | Direct Contribution to Corona Relief | Rs 2,000/- |
| b | GST to government | Rs 763/- |
| III | % of Revenues contributed to corona relief [II(a) / I(a)] | 47.2% |
| IV | % of Payments contributed to the Government [II/ I] | 55.3% |
3. Whether the contributions are collected only for the Kerala CMDRF
The proceeds from any sale will ideally go to CMDRF. Please contact us in case you want your contribution to go to PM CARES or any other beneficiaries. We will see if we can do anything about it.
4. When will you transfer the funds to CMDRF ?
We intend to transfer the funds within 15 days of receipt.
5. What about GST component ?
100% of the GST component shall be remitted to the government within the stipulated date. However, the GST remittance shall be net of any input credit availed
6. What is your cancellation policy ?
A free trial of our program is available on Playstore / Appstore. We encourage you to try our app before purchasing it to avoid the cancellation process. However, you may contact us within 10days of purchase in case you are not satisfied with the product.
Please note that for purchases made under this scheme the refund will be made after discounting the contribution made to CMDRF
- OVERVIEW
-
overview
background
The Corona is still spreading like a wild fire across the globe, ravaging economies and destroying the livelihood of millions. This is bound to have far reaching economic impact affecting almost all the segments of the society. In this time when even the mightiest of the nations are struggling and the governments are clueless about how to manage the present situation and prepare for the crippling effects on the economy and the population at large, every small step counts. We, at ToffeeRide believe that good quality education is the only long term solution for most of the issues plaguing our society. But now is a moment where we can have to step beyond our stated passion and do something which is an immediate priority of the present times – to support the government and other foot soldiers in their fight against corona. Hence, our pledge to contribute a portion of our revenues to the government.
What is the essence of our Pledge
We will be paying Rs 2,000/- directly to the Kerala CMDRF* from the proceeds of the sale of our annual programme for primary school kids currently available at a price of Rs 4,999/-. The price also includes an applicable GST of approximately Rs 760/-*. So the total contribution to the government will be almost 55% of the payments received. We plan to do this for all the revenues made under this scheme until 31st May 2020.
*Please check FAQs for more clarity
Details of payment calculation
I Payment received for annual program Rs 4,999/- a Revenues Rs 4,236/- b GST at 18% Rs 763/- II Total contribution to government Rs 2,763/- a Direct Contribution to Corona Relief Rs 2,000/- b GST to government Rs 763/- III % of Revenues contributed to corona relief [II(a) / I(a)] 47.2% IV % of Payments contributed to the Government [II/ I] 55.3% - CONTRIBUTORS
-
Details of Contributors
sl/no
Name / parent of
Identifier
Contribution
Beneficiary
- BENEFICIARIES
-
Details of Beneficiaries
sl/no
Beneficiary
Date
Amount
Payment Receipt
- FAQs
-
Frequently Asked Questions
1. How do I participate in this campaign ?
Please click here to purchase our annual program. You may also contact our customer support +91 858 9933 746 for more details
2. Please provide more clarity on the actual contributions made to the government under this scheme ?
Details of payment calculation
I Payment received for annual program Rs 4,999/- a Revenues Rs 4,236/- b GST at 18% Rs 763/- II Total contribution to government Rs 2,763/- a Direct Contribution to Corona Relief Rs 2,000/- b GST to government Rs 763/- III % of Revenues contributed to corona relief [II(a) / I(a)] 47.2% IV % of Payments contributed to the Government [II/ I] 55.3% 3. Whether the contributions are collected only for the Kerala CMDRF
The proceeds from any sale will ideally go to CMDRF. Please contact us in case you want your contribution to go to PM CARES or any other beneficiaries. We will see if we can do anything about it.
4. When will you transfer the funds to CMDRF ?
We intend to transfer the funds within 15 days of receipt.
5. What about GST component ?
100% of the GST component shall be remitted to the government within the stipulated date. However, the GST remittance shall be net of any input credit availed
6. What is your cancellation policy ?
A free trial of our program is available on Playstore / Appstore. We encourage you to try our app before purchasing it to avoid the cancellation process. However, you may contact us within 10days of purchase in case you are not satisfied with the product.
Please note that for purchases made under this scheme the refund will be made after discounting the contribution made to CMDRF