Accounting Services in Andhra Pradesh for Aqua Exporters, Traders and Ecommerce Sellers
Om Accounting provides bookkeeping, GST compliance, export refund management and marketplace settlement reconciliation for businesses across Andhra Pradesh — with a large share of that work sitting in the aquaculture and seafood belt of the Krishna and Godavari districts and around Visakhapatnam, where the accounting turns on something most states never encounter: a business selling the same product exempt at home and zero-rated abroad.
Those two things sound similar and are treated completely differently under GST. Getting the distinction wrong is what causes input tax credit to be reversed at assessment, often years later, on a business that believed it had claimed correctly all along.
| What we handle | Bookkeeping, GST, exempt and zero-rated credit apportionment, export refunds, marketplace reconciliation, month-end close |
|---|---|
| Who it is for | Aquaculture, seafood and agri processors and exporters; trading houses; manufacturers; Amazon, Flipkart, Myntra and Meesho sellers |
| Main regions | Visakhapatnam, Vijayawada, Guntur, Bhimavaram, Kakinada, Nellore, Tirupati, Kurnool |
| How we work | Remotely, from our two Jaipur offices, on your existing accounting software |
| Reporting | Monthly pack delivered between the 15th and the 20th |
| Pricing | Quoted against your actual transaction volumes, not a price list |
Exempt at home, zero-rated abroad: the credit question that decides your margin
A great many Andhra businesses sell into both markets. Fresh and chilled produce sold domestically is often exempt. The same produce processed and exported is zero-rated. The words are close; the credit consequences are opposite.
An exempt supply blocks input tax credit. A zero-rated supply does not — it is fully eligible, and it is expressly not treated as an exempt supply for credit purposes. So a business running both lines has common costs — cold storage, power, packing, freight, processing, professional fees — that partly support an exempt line and partly a zero-rated one, and the credit on those common costs has to be apportioned rather than claimed in full or written off in full.
That apportionment is a monthly calculation, not a year-end adjustment, and it is done separately for common inputs and input services on one hand and capital goods on the other. Where a business claims everything, credit gets reversed at assessment with interest. Where it claims nothing to be safe, it quietly gives away money it was entitled to. We compute it monthly and keep the working alongside the return so the position can be shown rather than reconstructed.
Export refunds for Andhra’s seafood and agri exporters
Exports are zero-rated with two routes: export under a Letter of Undertaking without paying IGST and claim a refund of unutilised input tax credit, or pay IGST and reclaim it, with the shipping bill functioning as the refund application. For processors carrying heavy input credit against zero-rated output, the LUT route is usually the live question.
The disciplines around it decide whether a refund arrives on time: the LUT renewed each financial year, export invoices and shipping bills reconciled against what was actually reported in GSTR-1, the exempt-supply apportionment settled before the claim is computed rather than after, duty drawback and RoDTEP entitlements recorded in the right period, and foreign currency receipts with their exchange differences accounted for.
Perishable inventory and why the books drift
Aqua and agri businesses carry inventory that changes in value and quantity for reasons that have nothing to do with sales — moisture loss, grading, rejection at inspection, and cold-chain incidents. If the ledger only moves when something is bought or sold, book stock and physical stock separate quietly, and the gap surfaces at year end as an unexplained figure.
We account for those movements as they happen rather than reconciling them once a year: yield and grading losses recorded against the batch that incurred them, rejections traced to the consignment, and cold storage and freight allocated to landed cost so that margin by consignment is real rather than average.
Marketplace and settlement reconciliation for Andhra sellers
For the ecommerce side, the recurring problem is different. When a marketplace settles money to you, the chain behind that credit runs gross sales, less returns and refunds, less RTO, less commission, less shipping and fulfilment charges, less collection and payment fees, less other adjustments, less TCS and TDS withheld. Recording the bank figure as revenue understates turnover, breaks the agreement between your books and your GST returns, and hides every fee you paid.
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 gives the same deduction a different name. Several of our clients sell on three or more platforms at once, and the value is in seeing them side by side in one ledger rather than in four spreadsheets that never agree.
Payment gateways and cash on delivery
Razorpay, Cashfree, PayU, PhonePe and card settlements each net their fees before payout. COD remittances arrive from couriers 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 two tax numbers that decide your ecommerce margin
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 came down from 1 percent on 10 July 2024, is reported by marketplaces in GSTR-8 by the 10th of the following month, and lands in your electronic cash ledger. Unreconciled, 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, with a five lakh rupee threshold for individuals and HUFs with PAN and Aadhaar linked and no threshold for companies and LLPs.
Bookkeeping and GST compliance, month after month
Underneath it all sits ordinary bookkeeping done properly: sales and purchase entry, expense recording, vendor and customer ledgers, bank reconciliation, inventory by batch and consignment, landed cost, accruals and prepayments, and the control-account checks that stop a small error becoming a year-end problem. On compliance that means GSTR-1 and GSTR-3B each period, credit reconciled against GSTR-2B rather than assumed, the exempt apportionment computed monthly, e-way bills matched to actual movements, TDS where applicable, and the annual return where it applies.
Where we work across Andhra Pradesh
We work remotely with businesses across the state — Visakhapatnam, Vijayawada, Guntur, Bhimavaram and the Godavari aqua belt, Kakinada, Nellore, Tirupati, Rajahmundry and Kurnool. Nothing about the engagement changes with the city. The underlying marketplace method is set out in more depth on our ecommerce accounting page; if you would rather hand over the whole finance function, outsourced accounting covers how that works; and where you need forecasting and margin work alongside the books, our Virtual CFO service covers that.
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
- 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: collecting marketplace data after the GST deadline rather than before it is how businesses end up filing from figures nobody reconciled, then spending the following 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
When your books are months behind
Normal, and worth saying 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 carries someone else’s errors forward.
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. You still get one named contact who stays with your account.
Talk to us about your books
Tell us what you process or sell, whether you sell both domestically and abroad, whether any of your domestic supplies are exempt, which platforms you are on, and where the books stand today.
Call or WhatsApp +91 80944 44888, or write to cs@omaccounting.in. We work Monday to Saturday, 9 AM to 8 PM IST, from 201, Second Floor, 27B Dhuleshwar Garden, C-Scheme, Jaipur 302001 and Patrakar Colony, Mansarovar Extension, Jaipur.
Frequently Asked Questions
Do you have an office in Andhra Pradesh?
No. Our offices are in Jaipur and we work with Andhra Pradesh clients remotely. Purchase registers, credit ledgers, shipping bills, bank feeds and marketplace reports are all digital. What decides whether your books are right is whether your accountant has handled exempt and zero-rated credit apportionment before.
I sell fresh produce in India and export the processed version. Is the GST treatment the same?
No, and this is the distinction that costs the most money. An exempt domestic supply blocks input tax credit. A zero-rated export does not — it is fully eligible and is expressly not treated as an exempt supply for credit purposes. Running both lines means your common costs have to be apportioned between them.
Which costs need apportioning, and how often?
Common costs that support both lines — cold storage, power, packing, freight, processing, professional fees. It is a monthly calculation rather than a year-end adjustment, computed separately for common inputs and input services on one hand and capital goods on the other. We keep the working alongside the return so the position can be shown rather than reconstructed at assessment.
What happens if I have been claiming full credit?
Typically the credit attributable to the exempt line is reversed at assessment, with interest, and the exposure runs back over the periods concerned. It is worth quantifying early rather than discovering it in a notice. Where we take on a business in that position we rebuild the apportionment for the open periods as part of onboarding.
I export shrimp from Bhimavaram. Which refund route suits me?
For a processor carrying heavy input credit against zero-rated output, the LUT route — exporting without paying IGST and claiming a refund of unutilised credit — is usually the live question. The alternative is paying IGST and reclaiming it with the shipping bill as the application. The apportionment has to be settled before the claim is computed, not after.
Our book stock never matches physical stock. Is that normal?
It is common in aqua and agri, and it is fixable. The drift comes from movements that are not purchases or sales — yield and grading losses, rejections at inspection, cold-chain incidents. Recorded against the batch or consignment that incurred them as they happen, the gap stops appearing at year end as one unexplained figure.
Do you handle Amazon, Flipkart and Meesho sellers too?
Yes, and it is the largest part of our practice overall. We reconcile settlement reports line by line against sales, returns, commission, shipping and fulfilment fees, advertising deductions, TCS and TDS, and then to the bank credit.
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.
What does it cost?
We quote after reviewing your actual volumes. Pricing depends on transaction count, whether exempt apportionment and export refunds are in scope, the number of platforms and bank accounts, the software, and whether there is a backlog to clear first.