Here’s how we handle your E-Commerce Accounting & Taxes:
Process raw sales reports downloaded from multiple E-Commerce platforms.
Record sales and purchases, and provide a Profit & Loss statement.
Calculate GST liabilities and file monthly GST returns.
Finalize the books of accounts and file the Income Tax Return.
Struggling with GST Returns for E-Commerce Sales? Let us simplify it for you!
Amazon
Amazon India hosts over 10 million merchants. Over 90% of these are small and medium-sized businesses (SMBs), with more than 50% operating from tier 2 and tier 3 cities.
Confused about Amazon MTR Reports? Don’t worry! Simply download the monthly MTR report from your Amazon account and send it to our experts.
Flipkart
Flipkart is India’s leading e-commerce platform.
If you're a Flipkart seller, just download the sales report from the Flipkart platform, and we'll handle the rest.
Meesho
Meesho empowers small businesses and individuals to sell comfortably from their homes.
As of June 2021, Meesho has 17 million resellers, 15 million of whom are women, along with 60,000 vendors.
If you sell on Meesho, there’s no need to worry about GST or Accounting Compliance. Just download the Forward, Reverse Shipping, and Reverse Reports, and send them to us for seamless processing.
Myntra
Myntra, a leading fashion e-commerce retailer, was acquired by Flipkart for $300 million in 2013.
Paytm Mall
Paytm Mall is rapidly becoming India’s preferred O2O platform, with growth exceeding 200% in 2019.
If you’re selling on Paytm Mall, download the sales report from the Paytm dashboard and leave the rest to us.
Advantages of Bookkeeping and Accounting for E-Commerce Businesses
Effortless GST Return Filing
GST-registered e-commerce businesses are required to file GSTR-3B and GSTR-1 every month.
Failing to file GST returns on time incurs a penalty of Rs 100 per day under CGST and Rs 100 per day under SGST, totaling Rs 200 daily. Additionally, late filing attracts an annual interest of 18%.
Given the complex and time-consuming nature of GST return filing for many businesses, outsourcing bookkeeping and accounting services can help ensure accurate, timely, and hassle-free GST return submissions online.
Timely GST return filing also allows you to claim ITC on purchases and TCS deducted by e-commerce platforms.
Simplified ITR Filing
Whether a business operates online or offline, it is essential to maintain accurate books of accounts to determine taxable income for income tax return filing.
By outsourcing accounting services, e-commerce businesses can ensure their books are error-free and compliant with all legal and taxation standards.
This simplifies the ITR filing process, reduces the time required to prepare returns, and minimizes tax liabilities, potentially resulting in lower or zero taxes.
Evaluate Profit & Loss with Accuracy
A business owner’s primary focus is on core operations, customer acquisition, revenue growth, and strategic decisions to ensure long-term financial stability.
However, these decisions rely on accurate financial data, such as sales, purchases, profitability, and gross profit ratios. Maintaining updated accounts regularly provides these critical insights.
Proper accounting makes it easier to analyze financial performance and track key metrics essential for business growth.
Claim TCS Deducted by E-Commerce Platforms
For many Indian businesses, GST compliance is already challenging, and the additional burden of TCS further complicates operations for sellers on platforms like Amazon, Flipkart, Myntra, Meesho, and Paytm Mall.
Under Section 52 of the CGST Act, e-commerce platforms are required to deduct and submit 1% GST on each transaction.
This means platforms like Amazon deduct TCS at a rate of 1% from sellers’ payouts, which can be claimed back through proper accounting and compliance practices.
Why Choose us for Your E-Commerce Business Accounting?
We specialize in e-commerce accounting and have been assisting businesses like yours for years. Business owners across India trust us to ensure their e-commerce operations remain compliant with regulations. We stay updated on the latest legislation and accounting standards to provide the best service.
As a fully online platform, we excel in meeting the unique requirements of e-commerce clients. We adapt to your preferred communication methods using advanced technology, enabling us to address queries and concerns promptly. Additionally, we leverage the latest accounting tools to deliver a seamless client experience.
Our team comprises Chartered Accountants, Finance Leads, Lawyers, and Company Secretaries with extensive experience handling transactions, taxation, and accounting issues in India. By optimizing your e-commerce bookkeeping and accounting processes, we can help increase your productivity.
Our services are tailored to meet the specific needs of the e-commerce industry and individual business owners. Don’t wait—get in touch with us today!
Process raw sales reports downloaded from multiple E-Commerce platforms.
Record sales and purchases, and provide a Profit & Loss statement.
Calculate GST liabilities and file monthly GST returns.
Finalize the books of accounts and file the Income Tax Return.
Amazon India hosts over 10 million merchants. Over 90% of these are small and medium-sized businesses (SMBs), with more than 50% operating from tier 2 and tier 3 cities.
Flipkart is India’s leading e-commerce platform.
Meesho empowers small businesses and individuals to sell comfortably from their homes.
Myntra, a leading fashion e-commerce retailer, was acquired by Flipkart for $300 million in 2013.
Paytm Mall is rapidly becoming India’s preferred O2O platform, with growth exceeding 200% in 2019.
GST-registered e-commerce businesses are required to file GSTR-3B and GSTR-1 every month.
Whether a business operates online or offline, it is essential to maintain accurate books of accounts to determine taxable income for income tax return filing.
A business owner’s primary focus is on core operations, customer acquisition, revenue growth, and strategic decisions to ensure long-term financial stability.
For many Indian businesses, GST compliance is already challenging, and the additional burden of TCS further complicates operations for sellers on platforms like Amazon, Flipkart, Myntra, Meesho, and Paytm Mall.
