Industries
E-commerce Businesses
GST, TCS reconciliation and accounting for online sellers and marketplaces.
Overview
Online sellers deal with high transaction volumes, marketplace settlements, returns and TCS deducted by operators. We help reconcile marketplace data with your books and returns so that tax is paid correctly and credit is not lost.
Key considerations
- GST registration
- Sellers supplying through e-commerce operators may need registration irrespective of turnover, subject to notified exceptions.
- Settlement reconciliation
- Marketplace payouts net off fees, returns and TCS; reconciling them with sales is essential.
- TCS and TDS credit
- Tax collected or deducted by operators must be tracked and claimed correctly.
- Multi-state operations
- Warehousing in other States can create additional registration requirements.
Relevant services
GST Registration
Assessment of registration requirements and assistance with GST registration applications.
GSTR-1 & GSTR-3B Compliance
Outward supply reporting and summary returns with reconciliation between the two.
Input Tax Credit Reconciliation
Matching purchase records with GSTR-2A/2B to protect eligible credit and identify non-compliant suppliers.
Bookkeeping
Accurate, timely recording of transactions in your accounting software.
TDS & TCS Compliance
Deduction, deposit, quarterly returns and certificates for tax deducted or collected at source.
MIS Reporting
Monthly management reports that turn accounts into decisions.
Discuss your e-commerce businesses requirements.
Tell us about your situation. We will explain what applies, what we need from you and how we would approach the work.