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...
Amazon to Tally
How to import Amazon Sales & Returns (MTR) data to Tally?
27
Aug
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...
How to import Amazon Settlement & Commission data to Tally?
27
Aug
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 >...