09 Jan
Amazon to Tally, E-Invoice

Introduction of IRN Columns in Amazon MTR

  With effect from 1st January 2021 and with the applicability of e-Invoicing system, Amazon has introduced 4 new columns in Amazon MTR file as below. IRN Number IRN Filing Status IRN Date IRN Error Code Let's discuss more in detail about IRN in this article:   What is IRN? IRN called “Invoice Reference Number” it is a unique invoice number created by the Invoice Register Portal (IRP) on uploading the invoices electronically. Under the e-invoicing system in GST, documents like invoice, Credit Note, Debit Note or any such document as needed by the law should...

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20 Nov
Amazon to Tally

How to record TDS Deducted by Amazon in Tally?

In the Finance Act 2020, the Government has introduced new rules in Section 194-O which provides a withholding of TDS by e-commerce companies for facilitating sale of goods and services of e-commerce participants through its marketplace. These rules are effective October 1, 2020. Many sellers like you have came across the query of how to account the same in Tally? Please refer the steps below to learn how to record TDS deducted by Amazon in Tally. Recording TDS Receivable Entry Check for the TDS values in the settlement you received as shown in...

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26 Sep
Amazon to Tally

How to Record TCS deducted by the Amazon in Tally?

Tax Collected at Source (TCS) under GST means the tax collected by an e-commerce operator from the consideration received by it on behalf of the supplier of goods, or services who makes supplies through operator’s online platform. TCS will be charged as a percentage on the net taxable supplies. Amazon Merchant Tax Report (MTR) contains the Invoice wise breakup of TCS deducted on the sale. In order to account the same in Tally, you will have to Debit the TCS Ledger and Credit the Amazon ledger. To account TCS entries in bulk...

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27 Aug
Amazon to Tally

How to import Amazon Sales & Returns (MTR) data to Tally?

Use eCom2Tally.in to import Amazon MTR data accurately in Tally. It will import all the Accounting, Inventory & GST data accurately, so you can generate GSTR1 & GSTR 3B timely and accurately. To import Amazon MTR data to Tally follow the below steps;   Login to your seller central account Go to Reports > Tax Document Library > Merchant Tax Report Click on B2B or B2B as per your requirements to begin download, you can also download the previous period data from here Open downloaded...

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27 Aug
Amazon to Tally

How to import Amazon Settlement & Commission data to Tally?

Use eCom2Tally.in to import Amazon Settlement and Commission data to Tally.ERP9 accurately. Settlement & commission data will be knocked off against each sales invoices using Amazon order ID, so you will be able to get the list of cleared and pending orders payments within Tally under Amazon ledger summary. To import Amazon MTR data to Tally follow the below steps;   Login to your seller central account Go to Reports > Payment Click on Electronic Transactions or COD Transactions at a time > Date Range Report >...

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