Entry

1. When order is received on Snapdeal:

Dr. Buyer A/c

Cr. E-Commerce Sales

Cr. Applicable Taxes

2. For the aforesaid order, payment receivable from Snapdeal:

Dr. Jasper Infotech Pvt. Ltd.

Dr. Standard Marketing Fee

Dr. Payment Collection Fee

Dr. Logistic Fee

Cr. Buyer A/c

3. When payment is received in bank account from Snapdeal:

Dr. Bank Account

Cr. Jasper Infotech Pvt. Ltd.

4. When TDS is deducted by seller on commission of Snapdeal:

Dr. Jasper Infotech Pvt. Ltd.
(Since commission is deducted by Snapdeal from the seller payout beforehand)

Cr. TDS Payable

5. After filing of TDS return you can claim the amount of TDS from Snapdeal by uploading the Form 16A in the Seller Panel.