Reconcile a marketplace payout (commission, fees, TCS, TDS)

Step by step

Do it step by step

1. 1
   Step 1:

   Open Marketplaces → Payouts. Each marketplace shows Sold, Refunded for returns, Settled and Still owed.
2. 2
   Step 2:

   Press Record payout and copy from the settlement: Paid on, the UTR or settlement id, Order value settled and Received in the bank.
3. 3
   Step 3:

   Split the difference: Commission, Fees, TCS deducted (GST s.52), TDS deducted (s.194-O) and Other.
4. 4
   Step 4:

   The figures must add up — it says by how much they do not. Then press Record payout.
5. 5
   Step 5:

   TCS is claimed on the GST portal and TDS in the income-tax return; both are totalled below.