Accounting Services in Telangana for Service Exporters, D2C Brands and Growing Companies
Om Accounting provides bookkeeping, GST compliance, export-of-services accounting and marketplace settlement reconciliation for businesses across Telangana — with most of that work sitting in Hyderabad, where a large share of clients invoice customers abroad for services rather than shipping goods. That distinction changes almost everything about how the GST position has to be documented, and it is where we see the most expensive mistakes.
Exporting a service is not a smaller version of exporting a product. There is no shipping bill, no customs trail, no port. What proves the export instead is a set of conditions that all have to hold at once — and one classification trap that can turn a zero-rated invoice into an eighteen percent liability years after the fact.
| What we handle | Bookkeeping, GST, export-of-services documentation and refunds, marketplace reconciliation, month-end close, MIS |
|---|---|
| Who it is for | IT, SaaS and professional services firms invoicing abroad; D2C brands and marketplace sellers; pharma and manufacturing exporters; trading MSMEs |
| Main regions | Hyderabad, Secunderabad, Medchal, Sangareddy, Warangal, Karimnagar, Nizamabad |
| 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 |
Export of services: the five conditions, and the one that catches people
For a supply of services to count as an export under GST, five things must all be true at the same time. The supplier is located in India. The recipient is located outside India. The place of supply is outside India. Payment is received in convertible foreign exchange, or in Indian rupees where the Reserve Bank permits it. And the supplier and recipient are not merely two establishments of the same distinct person.
That last condition is why an Indian subsidiary invoicing its own overseas parent needs its arrangement looked at properly rather than assumed to be an export. And the third condition — place of supply — is where the real trap sits.
The intermediary trap, and why Hyderabad service firms hit it
If your services are classified as intermediary services, the place of supply is the location of the supplier — which is India. The third condition fails, the supply is not an export, and GST applies at the normal rate even though your client is abroad and paid you in dollars.
An intermediary is someone who arranges or facilitates a supply between two other parties, rather than supplying on their own account. The distinction matters enormously for the kinds of firms Hyderabad has a lot of: marketing and lead generation, sales support and back-office work for an overseas principal, recruitment, and agency arrangements of various kinds. Firms doing genuine development, design or professional work on their own account are usually well outside it — but the answer comes from what your contract and your actual working relationship say, not from what the invoice is titled.
This is worth getting right early, because it is normally discovered late. We look at the classification at onboarding, document the reasoning, and keep the contract, the invoice and the accounting treatment consistent with each other so that the position can actually be defended.
Documenting a services export so the refund holds up
Where the supply is a genuine export, there are two routes as with goods: supply under a Letter of Undertaking without paying IGST and claim a refund of unutilised input tax credit, or pay IGST and reclaim it. For services there is no shipping bill to carry the claim, so the evidence is the export invoice, the LUT, and proof that payment came in convertible foreign exchange — the foreign inward remittance certificate or advice your bank issues, and a bank realisation certificate where required.
The work around that is unglamorous and it is what refunds turn on: the LUT renewed each financial year, export invoices reconciled against what was actually reported in GSTR-1 under the right table, remittances matched invoice by invoice rather than in aggregate, refund claims tracked so they do not stall, and exchange differences accounted for between invoice date and realisation. Supplies to units in a Special Economic Zone are zero-rated on the same footing and need their own evidence trail.
Marketplace and settlement reconciliation for Telangana sellers
For the D2C and marketplace side of our Telangana work, 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. Booking the bank figure as revenue understates turnover, breaks the agreement between your books and your GST returns, hides every fee, and leaves withheld tax unclaimed.
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.
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 and courier charges paid out all need to land in the right place or your gross margin is a guess.
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 the specialised work sits ordinary bookkeeping done properly: sales and purchase entry, expense recording, vendor and customer ledgers, bank and credit-card reconciliation, unbilled revenue and accruals where services span periods, foreign currency balances and their revaluation, 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 with exports reported in the correct table, input tax credit reconciled against GSTR-2B rather than assumed, TDS where applicable, and the annual return where it applies. Bank reconciliation is the backbone rather than a formality — we match every line against the statement instead of accepting the software’s automatic match.
Virtual CFO support
Where a business is raising money, hiring ahead of revenue, managing a refund cycle that ties up working capital, 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 and refund-cycle management, client and channel profitability, pricing and margin analysis, and the schedules a lender or investor will ask for.
Where we work across Telangana
We work remotely with businesses across the state — Hyderabad and Secunderabad, the Medchal and Sangareddy industrial belts, Warangal, Karimnagar and Nizamabad. Nothing about the engagement changes with the city. If you would rather hand over the whole finance function, outsourced accounting covers how that works, and the marketplace method is set out in more depth on our ecommerce accounting page.
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 whether you invoice clients abroad, what you actually do for them, whether you also sell products online, and where the books stand today. That is enough for us to say whether we are the right fit.
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 Hyderabad or anywhere in Telangana?
No. Our offices are in Jaipur and we work with Telangana clients remotely. Invoices, bank advices, remittance certificates and marketplace reports are all digital. What decides whether your books are right is whether your accountant has handled export-of-services documentation and refunds before.
What makes a supply of services an export under GST?
Five conditions have to hold together: the supplier is in India, the recipient is outside India, the place of supply is outside India, payment is received in convertible foreign exchange or in rupees where the RBI permits it, and the supplier and recipient are not merely two establishments of the same distinct person. Miss any one and the supply is not an export.
My client is abroad and pays in dollars. Why would GST still apply?
Because payment currency is only one of the five conditions. The one that most often fails is place of supply, and the usual reason is that the services are classified as intermediary services — where the place of supply is the location of the supplier, so India. In that case the supply is not an export and GST applies at the normal rate despite the foreign client and the foreign currency.
What counts as an intermediary service?
Broadly, arranging or facilitating a supply between two other parties rather than supplying on your own account. It commonly catches marketing and lead generation, sales support and back-office work performed for an overseas principal, recruitment and agency arrangements. Firms doing development, design or professional work on their own account are usually well outside it. The answer comes from your contract and the actual working relationship, not the invoice title — which is why we look at it at onboarding rather than at assessment.
My Indian company invoices its overseas parent. Is that an export?
Not automatically. One of the five conditions is that the supplier and recipient are not merely two establishments of the same distinct person, so an arrangement between related entities needs to be examined on its facts rather than assumed. We document the reasoning so the position is defensible.
There is no shipping bill for services. What evidence supports the refund?
The export invoice, the Letter of Undertaking, and proof that payment arrived in convertible foreign exchange — the foreign inward remittance certificate or advice your bank issues, and a bank realisation certificate where required. Remittances have to be matched invoice by invoice rather than in aggregate, and exports reported in the correct table of GSTR-1. That matching is what refunds actually turn on.
Do supplies to SEZ units count as zero-rated?
Yes, supplies to a unit or developer in a Special Economic Zone are zero-rated on the same footing as exports, with their own evidence trail. They should not be lumped in with domestic supplies in the books.
Do you handle Amazon, Flipkart, Myntra 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 — rather than recording the settlement as revenue.
Which accounting software do you work in?
Zoho Books, QuickBooks, Xero, Tally and TallyPrime, 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. Where exports are involved we rebuild the invoice-to-remittance matching as part of that.