AMAZON SALE

385 views 2 replies
User Avatar

accountant GST
45 Points Posted on 10 May 2021

HI

we are selling our product on amazon, Amazon charge tcs from us which we claim in GST. amazon issue bills on our behalf

1. do i need to enter every single bill in books or i can enter state-wise sale from merchant tax reports?

2. how to tcs (gst) entry in books?

3. should i enter cancelled bills as well?

4. Amazon deduct TDS also (income tax) , we dr the tds and credit amazon (with tds amount) is it right or wrong?

0 Reply Share Follow
On 10 May 2021 at 16:11 Report
Replies (2)
User Avatar

Professional
1979 Points Posted on 11 May 2021
It's recommended that you keep bill wise reports ,

TCS if available as credit then same as like input GST ,

cancelled bill ( Cancellation ) then for same month no need it except for reversal of GST if entered in record ,

Best way is to Give Dr To customer first the credit with Amazon and then credit amazon account with all debits ,(Comission /Logistics/TCS/TDS/Input GST on Comission and Logistics )
Reply
On 11 May 2021 at 07:08
User Avatar

accountant GST
45 Points Posted on 11 May 2021

Sir for the service charge they issue monthly invoice to us for listing charges, shipping etc. so amazon already credit with such amount

Reply
On 11 May 2021 at 09:38

Join CAclubindia WhatsApp Finance Community & stay updated with the latest TAX news, compliance alerts and important updates all in one place!

Leave a Reply

Post Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Recent Topics :

  1. Free CA Foundation Study Material - PYQs with Sugg
  2. INCOME TAX
  3. Moving from old to new tax regime after notice
  4. Need urgent help on notice
  5. ITR-3 - F&O Loss adjusted against business inc
  6. Error - Blank Rows in Schedule SI (ITR-2)
  7. Dividend from co-operative society
  8. SECTION 139(10) OF THE COMPANIES ACT, 2013 CASE
  9. TDS u/s.194C returns filed in ITR-1
  10. TDS on Property - Form 26QB Related

More recent discussions | Post

Related Topics :

Loading

Latest Job Openings

View all
Company
05 July 2026
Financial Controller

NovumLake Partners

Mumbai

CA

View Details
Company
ARTICLESHIP 11 July 2026
Article

SNCO

Mumbai

CA Inter

View Details
Company
ARTICLESHIP 30 June 2026
2 posts Article assistant and Articleship completed students

Chirag N Shah & Associates

Mumbai

CA Inter

View Details
Company
ARTICLESHIP 07 July 2026
Articleship

Jawahar and Associates Chartered Accountants

Hyderabad

CA Inter

View Details
Company
14 July 2026
Senior Executive/ Manager

H S SHARMA AND CO

Pune

CA Final

View Details
Company
ARTICLESHIP 28 July 2026
Article/Intern/Semi-Qualified/Fresher B.Com

VNSS & Co

Mumbai

Others

View Details
Company
16 July 2026
Manager - Finance & Accounts

Aliens Group

Hyderabad

CA Final

View Details
Company
ARTICLESHIP 30 June 2026
Taxation Content Writer Intern

Interactive Media Pvt Ltd.

New Delhi

CA Inter

View Details