Accounting for selling through e commerce platform

889 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 

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Related Topics :

Loading
Company
ARTICLESHIP 07 July 2026
Articleship

Jawahar and Associates Chartered Accountants

Hyderabad

CA Inter

View Details
Company
Featured 18 July 2026
CA Articleship

apricus india

Mumbai

CA Inter

View Details
Company
14 July 2026
Senior Executive/ Manager

H S SHARMA AND CO

Pune

CA Final

View Details
Company
ARTICLESHIP 08 July 2026
Article internship

AJAY SINGH AND CO LLP

Thane

CA Final

View Details
Company
Featured 16 July 2026
Semi Qualified Company Secretary

Vakilsearch.com

Chennai

CS

View Details
Company
ARTICLESHIP 17 July 2026
Article Assistant and B.com pass

BANSAL YOGESH AND CO

Gautam Budh Nagar

B.Com

View Details
Company
21 July 2026
Chartered Accountant

Keshri & Associates

Thiruvananthapuram

CA

View Details
Company
23 July 2026
Semi qualified CA

Garg Bros & Associate CA

New Delhi

CA Inter

View Details