Accounting for selling through e commerce platform

869 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  

Company
12 June 2026
Accounts & Taxation Executive

Winshine Financial Services

Mumbai

CA Inter

View Details
Company
19 June 2026
Accounts Executive

Getfive Advisors Pvt. Ltd.

Ahmedabad

CA Inter

View Details
Company
ARTICLESHIP 30 June 2026
Taxation Content Writer Intern

Interactive Media Pvt Ltd.

New Delhi

CA Inter

View Details
Company
ARTICLESHIP 08 June 2026
Internal & Taxation Article

O P Bagla & Co LLP

New Delhi

CA Inter

View Details
Company
22 June 2026
Finance Manager- Chartered Accountant

Triveni Turbine Limited

Bengaluru

CA

View Details
Company
ARTICLESHIP 30 June 2026
Article Assistant or Paid Assistant

VIKAS VERMA & CO

New Delhi

Others

View Details
Company
29 June 2026
Accountant (Finance & Compliance)

TRIEYEZ

Kolkata

CA

View Details
Company
24 June 2026
Chartered Accountant - GST & Direct Tax

APL

Mumbai

CA

View Details