Marketplace Sales Grow Quickly.
Reconciliation Gaps Grow Quietly.

Amazon, Flipkart, Meesho, Shopify, quick-commerce platforms and payment gateways each produce different reports, deductions, refunds and settlement cycles. We help sellers reconcile sales to settlements, review GST/TDS credits, map inventory and stock locations and build a month-end process that scales with the business.

Review My Seller Accounts Start the Marketplace Health Check

Choose Your Business Model

Marketplace Seller

Amazon/Flipkart/Meesho or similar platforms. Priority: orders vs settlements, commission and fees, returns, GST TCS, income-tax TDS and input tax credit.

D2C / Shopify Brand

Own website, payment gateway, COD and prepaid orders. Priority: gross sales vs gateway settlements, chargebacks, refunds, discount accounting, inventory and customer-state tax records.

Quick-Commerce / Dark-Store Seller

Blinkit/Zepto or similar networks. Priority: stock location, additional place of business where required, state-wise registrations, invoices, returns and warehouse/dark-store records.

Importer / Private-Label Brand

Priority: import documentation, customs records, landed cost, inventory valuation, supplier invoices, product compliance and GST credit eligibility.

International Dropshipper

Priority: who sells to whom, where goods are located and shipped from, title/risk transfer, merchanting-trade/FEMA questions, platform settlements, GST place-of-supply and export/import documentation.

The Core Reconciliation Problem

A Settlement Is Not the Same Thing as Sales

Start with order-level gross sales; separately account for returns, cancellations, discounts, marketplace fees, shipping, advertising, TCS, TDS, GST and settlement timing. Reconcile the settlement to the bank and reconcile tax credits to the relevant portal statements. Never record only the net amount deposited as gross turnover without reviewing the underlying report.

GST TCS and Income-Tax TDS Are Different

GST TCS under the applicable e-commerce operator framework and income-tax TDS under section 194-O are distinct mechanisms. They appear in different records and require separate reconciliation. Applicability, rates, credit availability and return treatment should be verified for the relevant period and business model.

Multi-State Inventory Changes the Compliance Picture

A seller holding inventory at a warehouse, fulfilment centre or dark store in another state may need to review registration and place-of-business requirements. Do not assume every marketplace warehouse creates the same outcome; map ownership of stock, actual activities, contracts and current GST rules.

International Dropshipping Needs Transaction Mapping

A foreign supplier, foreign customer and Indian business can create a different fact pattern from exporting services. Before concluding GST or FEMA treatment, map the purchase, sale, movement of goods, title, invoicing, payment route and counterparties. A payment account or foreign customer alone does not determine the legal classification.

Seller Compliance Health Check

Check all that apply

Do you reconcile gross orders and returns, not just net payouts?

Do you reconcile platform fees, shipping, advertising and refunds separately?

Do you reconcile GST TCS to portal credit and returns?

Do you reconcile section 194-O TDS and other TDS to Form 26AS/AIS or relevant records?

Do GSTR-1 and GSTR-3B match your books and marketplace data?

Have you reviewed each state where inventory is stored or supplied from?

Are imports, landed costs and inventory balances supported by documents?

For international transactions, have you documented counterparties, goods movement, title and payment route?

Current Status0 / 8

Cross-Border Transaction Review Needed

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Documents to Prepare

GST registration certificates and state-wise registration details

Marketplace seller statements, order exports and settlement reports

Returns, cancellations, refunds, discount and chargeback reports

Platform fee, advertising, shipping and commission invoices

GST TCS statements and income-tax TDS certificates/portal records

GSTR-1, GSTR-3B, electronic ledgers and books of account

Bank and payment-gateway settlement statements

Inventory by SKU, warehouse, state and reporting date

Purchase invoices, import bills of entry and freight/insurance records, if relevant

Dropshipping contracts, purchase/sales invoices, shipping documents and foreign payment evidence, if relevant

What Monthly Support Can Look Like

Reconciliation

Sales, refunds and settlement reconciliation.

Credit Review

GST/TDS credit reconciliation and exception report.

Inventory Review

Inventory and cost-of-goods-sold review based on records supplied.

Registration Review

State-wise registration/return review, where applicable.

Monthly Close Pack

Open items, filing calendar and owner actions.

The actual scope states whether transaction entry, inventory accounting, GST return preparation, e-commerce portal support and international tax/FEMA advice are included or quoted separately.

Common Mistakes

Booking net marketplace payouts as revenue without reconciling gross orders and fees.

Treating GST TCS and income-tax TDS as the same credit.

Ignoring returns, refunds, COD failures and chargebacks.

Assuming one GST registration is sufficient despite multi-state inventory facts.

Recording stock based on purchases alone without reconciling closing inventory and returns.

Calling an international transaction “export” without checking the actual goods flow and parties.

Frequently Asked Questions

Is marketplace TCS the same as section 194-O TDS?

No. They arise under different laws and require separate reconciliation.

Does every seller need GST registration from day one?

It depends on the goods/services, turnover, selling model, state and applicable exceptions. Review the facts rather than relying on a universal threshold.

Does inventory in a fulfilment centre require another registration?

It can create a state-registration or place-of-business issue, depending on the facts and current law. Map each location.

Can you reconcile Shopify, Razorpay/Stripe and bank settlements?

The engagement can cover this where the client supplies usable exports and the scope expressly includes the relevant platforms.

Is dropshipping always an export from India?

No. Determine who buys and sells, where goods move, title transfer and payment route before classifying it.

Share This With a Decision-Maker

Copy a preliminary, educational summary to share with a co-founder, spouse, lawyer or finance team. Review it yourself first. It does not include any notice details, tax identifiers, account numbers, residency details or financial figures, and it is not a legal opinion.

Marketplace Reconciliation Review

A reconciliation of orders, settlements, GST TCS, income-tax TDS and inventory against your actual marketplace and bank records. Fixed-scope review; scope and fee confirmed after an initial discussion.

How an Engagement May Proceed

Fixed-scope review; scope and fee confirmed after an initial discussion.

One-time

Diagnostic & Position Memo

A defined-scope review of facts and available records, identification of principal issues and information gaps and a written action roadmap. Not every diagnostic necessarily leads to further work.

Milestone-based

Transaction or Proceeding Execution

Execution of the agreed work, such as submissions, appeal support, transaction analysis, reconciliation, applications or other relevant representation, within the firm's qualified competence.

Ongoing

Retained Compliance & Counsel

An agreed monthly or quarterly arrangement for relevant recurring accounting, GST/LUT, tax compliance, reconciliations, reporting and advisory support.

Services that can help

Tax Advisory & Compliance International Tax & FEMA Advisory Registration & Regulatory Approvals

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