Most accountants treat a marketplace seller like any other business: take the net payout, book it as sales, move on. That quietly loses you TCS credit, hides real margins behind platform fees, and leaves place-of-supply errors that surface in a notice months later. Selling online is a different tax problem — and it's the one we specialise in.
What we handle for sellers
- Settlement reconciliation — every payout broken down into sales, commission, shipping, returns and fees, matched to your books.
- TCS credit — tracked from GSTR-2B and claimed correctly so it doesn't sit idle.
- Multi-state GST — registration wherever you hold stock (including FBA warehouses) and correct IGST vs CGST/SGST on each order.
- Returns & RTO accounting — so refunds and reversals don't inflate your revenue or tax.
- Marketplace + own store — Amazon, Flipkart, Meesho and your Shopify/WooCommerce site reconciled together.
The mechanics generic CAs miss
TCS — it's your money
Marketplaces collect Tax Collected at Source on the net taxable value of your sales and deposit it against your GSTIN. It shows up in GSTR-2B. Claimed properly, it flows into your cash ledger; ignored, it just accumulates. We reconcile it every cycle.
Place of supply & stock location
If your stock sits in an Amazon FBA warehouse in another state, you generally need GST registration there. Whether a sale attracts IGST or CGST/SGST depends on where the goods move from and to — get this wrong at scale and the corrections are painful.
Returns are not negative sales
High return rates are normal in D2C. They need to be accounted as reversals, not netted carelessly, or your turnover and tax figures drift away from reality — exactly what trips up a GST audit.