Flipkart seller accounting,
done from the settlement report.
Monthly books, settlement reconciliation and GST returns for Flipkart sellers. Built from what Flipkart actually paid you and why, not from your bank statement.
- Every settlement matched to its orders, fees, returns and RTO
- TCS and TDS credits both claimed, in the two different places they live
- One accountant who knows your account, not a ticket queue
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Why Flipkart sellers move to us
Most accountants have never opened a Flipkart settlement report. We do it every day.
We start from Seller Hub, not your bank
Settlement report, returns, fees and ad spend. The bank credit is the number after everything has already been taken out — it cannot tell you what you sold.
GST that matches your sales
Marketplace sales, TCS credit and returns are reconciled before anything is filed, so a mismatch notice doesn't arrive six months later.
One person, not a queue
A named accountant who knows your account and your categories. Same person next month, and the month after.
How Flipkart settlements actually work
The single biggest source of confusion in a Flipkart seller's books.
Flipkart starts counting from the moment the courier picks the parcel up — not when the customer receives it, and not when the order is placed. So the sale, the dispatch and the money all land in different weeks, and often in different months.
How long you wait after dispatch depends on your seller tier, which is why two sellers with identical revenue can have completely different cash positions.
- Clock starts at
- Courier pickup, not delivery. A parcel dispatched on the 30th belongs to that month's sales even though the cash arrives well into the next.
- Platinum & Gold
- Around 7 business days from dispatch.
- Silver
- Around 10 business days from dispatch.
- Bronze
- Around 15 business days from dispatch — more than twice the wait on the same revenue.
- Where to look
- Seller Hub gives you the Settlement Report for the detail, plus Upcoming Payouts for what is still in the window and Remittances for what has already been sent.
Why this matters for your books. If revenue is recorded when the money arrives, every month-end is wrong — sales get pushed into the following month and your GST returns stop agreeing with what Flipkart reported. Revenue belongs to the dispatch, and the payout is just the settlement of it.
What Flipkart takes out before you get paid
Each of these is a separate expense head. Netted off in one line, they're invisible.
| Deduction | What it is | Why it matters in your books |
|---|---|---|
| Commission | A percentage of the sale, set by category. | Varies by SKU, so blended margin hides which categories actually pay. |
| Collection fee | Charged for processing the customer's payment. | Scales with revenue, so it grows quietly as you do. |
| Fixed closing fee | A flat charge per order, tiered by seller level. | Punishes low-value orders hardest. Often the reason cheap SKUs lose money. |
| Shipping & logistics | Forward shipping, weight-based. | Under-costed products bleed here first. |
| Returns & RTO | The sale reversed, plus a reverse shipping charge. | Deducted from a later settlement, so it never lines up with the order that caused it. |
| TCS & TDS | Taxes withheld, not costs. | Both are recoverable. Treat them as expenses and you understate profit and lose the credit. |
TCS and TDS: two credits, two places, both yours
The money most Flipkart sellers leave on the table.
Flipkart withholds two different taxes on your sales, under two different laws. They are not costs — they are your money, held against your future tax. But they are claimed in completely different places, and sellers routinely collect one and forget the other.
- TCS — GST, section 52
- Currently 0.5% of net taxable supplies, halved from 1% on 10 July 2024. Flipkart reports it in GSTR-8 by the 10th of the following month. It then appears under TCS and TDS credit received on the GST portal — and you have to accept those entries before it moves into your electronic cash ledger and can offset your GST. Unaccepted credit just sits there.
- TDS — income tax, section 194-O
- Currently 0.1%, reduced from 1% on 1 October 2024. This is an income tax credit and shows in your Form 26AS and AIS, not on the GST portal. It is set off against your income tax, not your GST.
- The common mistake
- Booking both as expenses. They are receivables. Done that way your profit is understated and the credit is never claimed.
Rates change. Both figures above were correct as at August 2026 and both were cut within the last two years. We track the current rate so your returns do too — but if you're reading this much later, check before you rely on it.
Selling through Flipkart's fulfilment centres?
Then you have a GST obligation in every state your stock sits in.
Stock held in a fulfilment centre makes that warehouse a place of business. That means GST registration in that state, with the warehouse listed as an Additional Place of Business on your registration. Flipkart will ask for the GSTIN before it will hold your stock there.
If you have no premises in the state — and almost nobody does — a virtual place of business supplies the compliant address the registration needs. We do the registration, the APOB addition, and then the monthly returns that follow in each state, which is the part people forget when they count the cost.
What you get every month
One monthly fee. No hourly billing, no surprises.
- Settlement report reconciled, line by line
- Sales, fees, returns and RTO recorded against the right orders
- GSTR-1 and GSTR-3B prepared and filed
- TCS credit accepted and tracked to your cash ledger
- TDS credit checked against 26AS and AIS
- Input tax credit matched against GSTR-2B
- Profit and loss you can actually read
- SKU level margin, on request
How it works
From first call to filed return, usually inside two weeks.
-
Free books review
We look at where your books and returns stand today and tell you plainly what's wrong.
Day 1 -
Written quote
A fixed monthly fee for your volume, and a one-off number if there's a backlog to clear.
Day 1–2 -
Reports connected
We take read access to your Seller Hub reports and set up your chart of accounts.
Week 1 -
Monthly rhythm
Reconciliation, returns filed, and a P&L in your inbox. Same dates every month.
Ongoing
Not sure what your books are costing you?
Send us one month of settlement reports. We'll tell you what's missing before you pay us anything.
- Free review of your current books and returns
- Fixed monthly fee, quoted in writing
- Backlog cleanup priced separately, up front
- No lock-in
Flipkart seller accounting questions
If yours isn't here, ask it on the call.
When does Flipkart actually pay me?
Flipkart starts the settlement clock when the courier picks the parcel up, not when the customer receives it. How long you then wait depends on your seller tier — broadly 7 business days for Platinum and Gold, 10 for Silver and around 15 for Bronze. That is why your payout dates move when your tier moves, and why a good month can still feel like a cash squeeze.
Why is my Flipkart payout so much smaller than my sales?
Because commission, the collection fee, the fixed closing fee and shipping all come out before the money reaches you, and returns from earlier orders are netted off the same settlement. Your bank statement is the number after all of that. If your books are built from bank credits rather than from the settlement report, your revenue is understated and your expenses are invisible.
What is TCS on Flipkart sales and how do I get it back?
Flipkart collects tax at source under section 52 of the GST Act — currently 0.5%, halved from 1% on 10 July 2024 — and reports it in GSTR-8 by the 10th of the following month. It then appears under the TCS and TDS credit received tab on the GST portal. You have to accept those entries before the money moves into your electronic cash ledger, where it can offset your GST liability. Nobody does that for you, and unaccepted credit simply sits there.
Is TDS deducted as well, and is it the same thing as TCS?
They are different taxes claimed in different places. TDS under section 194-O is currently 0.1%, reduced from 1% on 1 October 2024, and it is an income tax credit that shows in your Form 26AS and AIS. TCS is a GST credit. Sellers routinely claim one and forget the other.
I sell through Flipkart's fulfilment centres. Do I need GST in those states?
Yes. Stock sitting in a fulfilment centre in another state makes that warehouse a place of business, so you need GST registration in that state with the warehouse added as an Additional Place of Business. If you have no premises there, a virtual place of business provides the address. We handle the registration and the ongoing returns in each state.
My returns and RTO are eating the margin. Can you show me where?
That is the most common reason sellers come to us. A return is deducted from a later settlement along with a reverse shipping charge, so it never lines up with the order it belongs to. Reconciled properly, returns sit against the SKU that caused them and you can finally see which products are actually profitable.
I also sell on Amazon and my own website. Can you do all of it?
Yes, and it is the normal case. Each channel is reconciled on its own terms — Flipkart and Amazon settle differently — and then consolidated, so you get one set of books and still see which channel is making money.
My books are a year behind. Can you still take me on?
Yes. The backlog is quoted separately and cleared first, so you are not paying a monthly fee for months nobody has touched. Most cleanups take two to four weeks depending on volume.
What does Flipkart seller accounting cost?
It depends on order volume, how many channels you sell on and how far behind the books are. You get a fixed monthly figure in writing after a free review of your current books and returns. We do not bill by the hour.
Let's look at your books
Free review, a written quote, and a straight answer about what's wrong. No obligation either way.