Ecommerce Accounting Services in Maharashtra for Amazon, Flipkart, Myntra and Meesho Sellers
Maharashtra holds more of India’s ecommerce sellers, D2C brands and marketplace warehousing than any other state. It also holds a very large number of sets of books where the settlement that arrived in the bank has been recorded as the sale — which is where almost every ecommerce accounting problem starts.
Om Accounting has run since 2017. We work with 40+ clients, approximately 38 of them ecommerce businesses, reconciling in the region of 15 to 18 lakh order-level transactions a month and handling GST accounting and filing across roughly 60 to 70 GSTINs. This page covers what that work looks like for a Maharashtra business, the state-specific GST trap that catches sellers here more than anywhere else, and how an engagement actually runs.
Looking for an ecommerce accountant near you in Maharashtra?
Let us answer the honest version of that question first, because it is the one most people are really asking.
Our offices are in Jaipur. We do not have an office in Mumbai, Pune or anywhere else in Maharashtra, and we work with clients across the state remotely. If what you need is someone who will physically sit in your office, we are not that, and we would rather say so on this page than after a call.
What we would ask you to weigh is what “near me” is actually buying you. Your ledgers are in the cloud. Your bank feeds are digital. Your Amazon and Flipkart settlement reports download identically in Nagpur and in Jaipur. The thing that decides whether your books are right is not the distance to your accountant — it is whether that accountant has reconciled a marketplace settlement before and knows what an RTO adjustment does to your revenue. Most general practices near you have not, because most of their clients are not sellers.
We are on the phone, on WhatsApp and on email through the working day, and you get one named person who handles your file rather than a call centre. For the vast majority of ecommerce businesses that turns out to matter far more than the postcode.
The number in your bank is not your sales
This is the misunderstanding that costs Maharashtra sellers the most money, and it is worth spelling out.
Say a marketplace settles eight lakh into your account. It is tempting to book eight lakh of sales. The actual chain is: gross sales, less returns and refunds, less RTO, less marketplace commission, less shipping and fulfilment charges, less collection and payment fees, less other adjustments, less TCS and TDS withheld, equals the settlement you received.
Record the bank figure as revenue and four things break at once. Your turnover is understated, so your GST return stops agreeing with your marketplace reports. Every fee you paid vanishes from the books, so you cannot see what a channel really costs. The tax withheld on your behalf goes unclaimed. And channel-wise profitability becomes impossible to calculate — which means you cannot answer whether Meesho is making you money or quietly losing it.
Our job is to account for every step of that chain, every month, marketplace by marketplace.
Marketplace and settlement reconciliation
Amazon
Settlement reports reconciled line by line against sales, returns, replacements, FBA and Easy Ship fees, storage and long-term storage charges, advertising deductions and reimbursements — then matched to the bank credit and to the TCS reflected in your GST portal.
Flipkart, Myntra and Meesho
Each platform reports differently, settles on its own cycle, and uses its own name for the same deduction. Multi-channel selling is where reconciliation stops being clerical: several of our clients sell on three or more platforms at once, and the point is to see them side by side in one set of books rather than in four spreadsheets that never agree.
Shopify, WooCommerce and your own website
D2C revenue arrives through payment gateways rather than marketplace settlements, so the reconciliation runs gateway payout to order to bank. Discounts, shipping collected from the customer, courier charges paid out and abandoned-cart recovery all need to land in the right place or your gross margin is a guess.
Payment gateways and COD
Razorpay, Cashfree, PayU, PhonePe and card settlements each net their fees before payout. COD remittances arrive from the courier on a separate cycle with failed deliveries and RTO netted against them. Unreconciled COD is one of the most common places we find amounts a business had written off as unexplainable.
The Maharashtra GST rule that catches sellers out
This one matters more in Maharashtra than in most states, because so much of India’s marketplace warehousing sits here.
Under GST, holding stock in a state creates a place of business in that state. If you use Amazon FBA, Flipkart’s fulfilment programme or any marketplace warehousing, and your inventory sits in the Bhiwandi or Navi Mumbai belt, you need a GST registration in Maharashtra — even if your company is registered in Gujarat, Rajasthan or Karnataka and nobody from your business has ever set foot in the state.
It catches Maharashtra-registered sellers in reverse too. When a marketplace moves your stock into a fulfilment centre in another state, you have created a registration obligation there. Sellers usually discover this when a notice arrives rather than when the stock moves.
This is not a filing technicality. It decides where the supply is treated as originating, whether you charge CGST and SGST or IGST, and whether your input tax credit chain holds together. We track which states your stock actually sits in as part of the monthly work, rather than assuming a registration map set up two years ago is still accurate.
The tax numbers that decide your margin
Two deductions come out of your money before you ever see it, and both are creditable if they are accounted for properly.
GST TCS under section 52 is 0.5 percent — 0.25 percent CGST plus 0.25 percent SGST on intra-state supplies, or 0.5 percent IGST on inter-state. It fell from 1 percent on 10 July 2024. Marketplaces report it in GSTR-8 by the 10th of the following month and it appears in your electronic cash ledger. If nobody reconciles your marketplace reports against GSTR-8, that credit can sit unclaimed indefinitely.
Income-tax TDS under section 194-O is 0.1 percent, down from 1 percent on 1 October 2024. There is a five lakh rupee threshold for individuals and HUFs with PAN and Aadhaar linked, and no threshold at all for companies and LLPs.
Neither is large on a single order. Across a year of volume they are not small, and the businesses that never claim them are almost always the ones whose books treat the settlement as the sale.
Bookkeeping, month after month
Underneath the marketplace work sits ordinary bookkeeping done properly: sales and purchase entry, expense recording, vendor and customer ledgers, bank and credit-card reconciliation, inventory movement and landed cost, accruals and prepayments, and the control-account checks that stop a small error becoming a year-end problem.
Bank reconciliation is the backbone rather than a formality. We match every line against the statement instead of accepting the accounting software’s automatic match, because auto-match is confident and frequently wrong, and a ledger that has never been tied back to a statement is not really a ledger.
Virtual CFO for Maharashtra founders
Some businesses need more than accurate books. Where a client is raising money, taking on debt, opening a second sales channel, or trying to work out why a profitable P&L keeps producing an empty bank account, we work as a Virtual CFO: cash-flow forecasting, working-capital management, channel and product profitability, pricing and margin analysis, and the numbers a lender or investor will ask for before they ask for them.
Where we work across Maharashtra
We work remotely with businesses across the state — Mumbai and the MMR, Pune and Pimpri-Chinchwad, Thane, Navi Mumbai, Nashik, Nagpur, Chhatrapati Sambhajinagar, Solapur, Kolhapur and the smaller manufacturing and trading centres in between. Nothing about the engagement changes with the city.
Two pages go into more detail: accounting services in Mumbai, which covers the MMR and the warehousing belt, and accounting services in Nagpur for Vidarbha.
What we handle right now
- 40+ clients, approximately 38 of them ecommerce businesses
- Roughly 15 to 18 lakh order-level ecommerce transactions reconciled each month, and more in festive periods
- GST accounting and filing across approximately 60 to 70 GSTINs
- Amazon, Flipkart, Myntra and Meesho, plus D2C and own-website channels, with several clients selling on three or more platforms at once
- A team of 15+ accounting and finance professionals, including Chartered Accountants and CPA professionals
How the month actually runs
Marketplace and sales data is collected by the 8th, so GSTR-1 can be filed by the 11th. Bank and accounting data is in by the 14th. Your reporting pack is delivered between the 15th and the 20th.
The order matters more than it looks. Collecting marketplace data after the GST deadline rather than before it is how businesses end up filing from figures nobody reconciled, then spending the next year amending them.
What lands in your inbox each month
- Profit and loss, and balance sheet
- Marketplace-wise sales
- Settlement reconciliation
- Marketplace fees analysis
- Returns and refunds analysis
- GST, TCS and TDS reconciliation
- Bank reconciliation
- Receivables and payables
- Inventory information
- Channel-wise profitability
It is built to be read by an owner making decisions, not filed away by an accountant.
When your books are months behind
This is normal, and we would rather you said so at the start. Clean books take one to two weeks to bring into a running cycle. A backlog of six months or more takes two to six weeks or longer depending on volume, because we rebuild from source documents and reconcile rather than rolling forward figures we cannot verify.
We would rather take the extra fortnight and start from a correct opening position than deliver a fast first month that quietly carries someone else’s errors forward. Every month afterwards is built on that opening balance.
Who you are actually hiring
Om Accounting was founded in July 2017 by Bhagirath Kirad, who has worked in accounting and finance professionally since 2007. He holds a B.Com and an M.Com, and an MBA in Finance and Marketing.
The firm is now a team of 15+ accounting and finance professionals, including Chartered Accountants and CPA professionals alongside B.Com and M.Com qualified accountants and experienced bookkeeping specialists. Work is organised by function — bookkeeping, reconciliation, GST, ecommerce accounting, review and quality control — so your file does not depend on one person’s attendance, and the person recording your transactions is not the only person who looks at them before you do.
Talk to us about your books
Tell us what you sell, which platforms you are on, roughly how many orders a month, and where the books stand today. That is enough for us to say whether we are the right fit and what the work would involve. We quote after looking at your actual volumes rather than from a price list.
Call or WhatsApp +91 80944 44888, or write to cs@omaccounting.in. We work Monday to Saturday, 9 AM to 8 PM IST. Our offices are at 201, Second Floor, 27B Dhuleshwar Garden, C-Scheme, Jaipur 302001, and in Patrakar Colony, Mansarovar Extension, Jaipur.
Frequently Asked Questions
Do you have an office in Maharashtra?
No. Our offices are in Jaipur and we work with Maharashtra clients remotely, which is how most accounting is delivered in India now. Ledgers, bank feeds and marketplace reports are all digital, so the work is unaffected. What matters is whether your accountant has reconciled marketplace settlements before, and that is what we do all day.
I want an ecommerce accountant near me. Why should I consider a remote firm?
Because proximity does not fix marketplace accounting and specialisation does. A general practice near you may have very few seller clients, so your settlement reports, RTO adjustments and TCS credits will be new to them and learned at your expense. We reconcile roughly 15 to 18 lakh order-level transactions a month. If you genuinely need someone physically present, a local firm is the right answer and we will say so.
I sell on Amazon FBA and my stock sits in a Maharashtra warehouse. Do I need GST registration there?
If your inventory is held in a warehouse in Maharashtra, that generally creates a place of business in the state and a registration requirement there, even if your company is registered elsewhere. The same applies in reverse when a marketplace moves your stock into a fulfilment centre in another state. We track where your stock actually sits as part of the monthly work rather than assuming the original registration map still holds.
Do you handle Amazon, Flipkart, Myntra and Meesho accounting together?
Yes, and multi-platform sellers are a large part of our practice. Each platform settles differently and names the same deduction differently, so the value is in seeing them side by side in one set of books with a single reconciliation to the bank.
Can you reconcile COD and payment gateway settlements?
Yes. Gateway payouts net their fees before they reach you, and COD remittances arrive from couriers on a separate cycle with failed deliveries and RTO netted against them. Both are reconciled to order level and then to the bank.
Do you provide channel-wise profitability and MIS reports?
Yes. The monthly pack includes marketplace-wise sales, fees analysis, returns analysis and channel-wise profitability alongside the P&L, balance sheet and reconciliations. The reconciliation work is what makes those numbers trustworthy.
Which accounting software do you work in?
Tally and TallyPrime are the most common for our India-based work, and we also work in Zoho Books, QuickBooks, Xero and spreadsheet-based workflows. If you are already on a platform that works for you, we adapt to it rather than migrating a working ledger for our own convenience.
My books are six months behind. Can you still take this on?
Yes. Backlog cleanup is a normal part of onboarding. Expect two to six weeks or longer depending on volume, because we rebuild from source documents and reconcile rather than rolling figures forward. You get your first reporting pack once the opening position is settled.
What does it cost?
We quote after reviewing your actual volumes. Pricing depends on order volume, the number of platforms and payment gateways, how many GST registrations are involved, the software, and whether there is a backlog to clear first. A seller doing four hundred orders a month and one doing forty thousand are not the same engagement at any price.
Do you file GST returns as well as maintaining the books?
Both, and they are handled together. Bookkeeping that is never reconciled against the returns actually filed is where most GST notices begin, so we do not split those two jobs between parties who never compare notes.