banner_ad

Accounting for selling through e commerce platform

Others 856 views 2 replies

I have joined a firm selling through flipkart. But I have no idea of ecomerce accounting. There is more than 100 orders per day which includes commission entries too and tcs/ tds and gst provisions. There is also entries of credit note and sales returns 

Please guide how to enter these in books of accounts. Step by step entries will be helpful.

Thanks

 

Replies (2)
For GST

Purchase Entry

Purchase a/c dr
Cgst Input a/c dr
Sgst input a/c dr
To Creditors a/c

Sales entry

Debtors a/c dr
to CGST Output a/c
to SGST output a/c
to sales a/c

For GST payment set off

Cgst payable a/c dr
SGST payable a/c dr
to CGST ITC a/c
to SGST ITC a/c
to Electronic Credit Ledger a/c

For GST payment

CGST a/c dr
SGST a/c dr
to Bank a/c

For deduction of TDS(provision for tds)

Nature of transactions a/c dr
to party name a/c
to tds payable a/c

for tds payment

Tds payable a/c dr
to Bank a/c

Thanks for sharing! It was very helpful for me 


CCI Pro

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
08 May 2026
Paid Assistants

Quick Taxperts Private Limited

Bengaluru

Graduate (Any)

View Details
Company
26 May 2026
CA / MBA (Finance) / CMA / M.Com (Finance)

Sri Aurobindo Gnostic Centre of Education

New Delhi

CA

View Details
Company
10 May 2026
Finance specialist

Right way solution

Ajmer

CA

View Details
Company
21 May 2026
Associate

PWC

Kolkata

CA

View Details
Company
ARTICLESHIP 23 May 2026
Article Assistants

Acupro Consulting

Gurgaon

CA Inter

View Details
Company
ARTICLESHIP 27 May 2026
CA Article Trainee

Rahul Dang & Associates-Chartered Accountants

Pune

CA Inter

View Details
Company
14 May 2026
Senior Accounts Executive

Karan Gupta & Co.

New Delhi

Graduate (Any)

View Details
Company
ARTICLESHIP 15 May 2026
ARTICLE ASSISTANT, TRAINEE AND PAID ASSISTANT

YOGESH KAPOOR AND ASSOCIATES

New Delhi

B.Com

View Details