E-commerce Accounting & GST

TCS (Tax Collected at Source) is a 1% tax deducted by Amazon, Flipkart, and Meesho on your net sales before paying you. This 1% appears in GSTR-2B and must be claimed as credit while filing GSTR-3B. If you don't claim it monthly, you lose that 1% permanently. We handle TCS reconciliation as part of our monthly service — every rupee claimed back.

For Amazon and Flipkart sellers, GST is practically mandatory regardless of turnover — because TCS is deducted and you need a GST number to claim it back. For Meesho sellers, GST is also required. For Shopify sellers, GST is required once annual turnover crosses ₹40 lakh. We can help you get GST registration if you don't have one.

Monthly: GSTR-1 (outward sales by 11th), GSTR-3B (tax payment by 20th), GSTR-2B reconciliation (TCS credit claim). Annual: GSTR-9 (annual return) and GSTR-9C (if turnover exceeds ₹5 crore). We handle all these filings and ensure zero missed deadlines.

Returns affect your GST liability. When a product is returned, a credit note adjusts your outward supply in GSTR-1. Settlement reports from Amazon and Flipkart show returns separately. We reconcile all returns against original sales, ensure credit notes are properly accounted, and adjust your monthly GST liability accordingly.

Settlement reconciliation matches your actual bank deposits from marketplaces with orders, fees, returns, and TCS deductions. Marketplaces deduct commission, shipping, TCS, and adjust returns before paying you. Without reconciliation, your books won't match your actual income, leading to incorrect GST filing and income tax computation. We reconcile every rupee every month.

Income tax is on net profit: Gross Sales − Returns − Marketplace Fees − Shipping − Product Cost − Business Expenses. TCS from marketplaces appears in Form 26AS and is adjusted against your final tax liability. Sole proprietors pay personal income tax rates; companies pay corporate rates. We handle full ITR filing with all TCS credits claimed.

Yes, multi-platform accounting is our specialty. We consolidate sales from all marketplaces, reconcile TCS from each platform separately, maintain unified books, and file a single consolidated GST return. Standard plan covers 2 platforms, Advanced covers all platforms including Shopify.

Monthly: settlement reports from each marketplace (downloadable from dashboards), purchase invoices for inventory, and business expense bills. That's it — we handle everything else. We send you a WhatsApp reminder on the 1st of each month so you never forget.

Late GST filing attracts ₹50/day late fee plus 18% interest on unpaid tax. More critically, your marketplace account may be flagged if GST compliance lapses — Amazon and Flipkart verify seller compliance periodically. We send reminders before every due date and ensure zero missed filings.

Starter: ₹1,999/month — single platform, GST filing, TCS reconciliation, P&L. Standard: ₹3,499/month — 2 platforms, full bookkeeping, annual ITR included. Advanced: ₹5,999/month — all platforms, unlimited sales, CA consultation, tax planning. WhatsApp for a custom quote for high-volume sellers.