Question 1

What GST returns do I need to file as an eCommerce seller?

Accepted Answer

GSTR-1 (Sales), GSTR-3B (Summary), GSTR-9 (Annual), and GSTR-9C (Reconciliation).

Question 2

How do I claim Input Tax Credit (ITC)?

Accepted Answer

Ensure supplier uploads invoices, verify in GSTR-2B, and claim in GSTR-3B for business expenses only.

Question 3

What is TCS that marketplaces deduct?

Accepted Answer

1% deduction (0.5% CGST + 0.5% SGST/IGST) under Sec 52. Sellers claim this credit in GSTR-3B.

Question 4

How can I claim the TCS deducted?

Accepted Answer

Verify in GSTR-2B, ensure marketplace files GSTR-8, and claim as credit in GSTR-3B to offset liability.

Question 5

How often should I review my accounts?

Accepted Answer

Monthly (P&L), Weekly (Cash flow), Quarterly (Strategy), and Annually (ITR planning).

Question 6

Can you help with reconciliation across multiple marketplaces?

Accepted Answer

Yes, we reconcile sales, bank receipts, shipping fees, returns, and GST across Amazon, Flipkart, etc.

Question 7

How is income tax calculated for eCommerce?

Accepted Answer

Revenue minus all business expenses (COGS, fees, ads, etc.) equals Net Profit, which is taxed at slab/corporate rates.

Question 8

What business expenses can I claim to reduce tax?

Accepted Answer

COGS, marketplace fees, shipping, ads, rent, utilities, staff costs, and depreciation.

Question 9

Do you use any software for accounts?

Accepted Answer

Cloud-based software integrated with marketplaces and banks for real-time access and automation.

Question 10

My GST returns don't match marketplace reports. How to fix?

Accepted Answer

We reconcile timing differences, returns, and commission deductions to correct subsequent returns.

Unified Compliance for Multi-Channel Sales

Services for eCommerce Sellers & Growing Businesses