Discover how global capacity centers combined with staff augmentation empower...
Step-by-Step Guide to Setting Up Accounting Services in India for Your Business
June 30, 2025
The Strategic ODC Benefits You Can’t Afford to Ignore in 2025-26
July 7, 2025
How Accounting Services in India Support Cross-Border E-commerce Businesses
The global e-commerce landscape has exploded over the past decade, with millions of sellers operating on platforms like Amazon, Shopify, Etsy, and Flipkart. For cross-border sellers—especially those in the US, UK, UAE, and Europe—India represents both a massive consumer market and a strategic base for logistics, development, and operations. But when you’re managing cross-border trade, finance and compliance quickly become complex. Currency differences, multiple tax jurisdictions, marketplace commissions, GST laws, and refund processing all create a maze of accounting tasks. That’s why many companies are turning to accounting services in India to bring structure, savings, and accounting compliance in India to their e-commerce operations. In this article, we explore how iValuePlus accounting simplifies online business accounting for cross-border e-commerce businesses, enabling them to scale profitably and globally.
Why Cross-Border E-commerce Businesses Face Accounting Complexity
Whether you’re shipping from India to global buyers or managing a hybrid supply chain, here are key challenges you likely face:
1. Multi-Currency Transactions
You may sell in USD, EUR, GBP, AED, or AUD—but pay vendors, taxes, and staff in INR. This requires careful currency reconciliation and real-time FX monitoring, which is where offshore accounting services play a critical role.
2. Marketplace Deductions and Commission Tracking
Amazon, Flipkart, and Meesho deduct charges for shipping, returns, ads, storage, and fulfillment. Each must be mapped to income vs. expense in the books—a common headache in e-commerce bookkeeping India.
3. GST Compliance on Sales
India’s Goods and Services Tax (GST) framework is strict for e-commerce. Even if you sell via marketplaces, you’re required to:
- File GSTR-1 and 3B monthly
- Track Input Tax Credit (ITC)
- Handle TCS (Tax Collected at Source) from marketplaces
- Maintain e-invoices and shipping bills
4. Refunds and Returns Accounting
High return rates on platforms mean revenue corrections and GST reversal entries must be accurate to avoid tax penalties. This makes e-commerce accounting in India more challenging than traditional retail.
5. Global Entity Structures
Many sellers operate with:
- An Indian private limited company
- A US or UAE-based parent company
- A warehouse in one country, tech/dev team in another
Without integrated accounting, these structures can trigger double taxation and audit risks.
How Accounting Services in India Solve These Challenges
At iValuePlus, we offer specialized accounting services in India for cross-border e-commerce clients—supporting brands across sectors like fashion, beauty, electronics, and SaaS-enabled retail.
Here’s how we help:
1. Marketplace-Specific Accounting
We work with platforms like:
- Amazon Global, Flipkart, Meesho, Myntra, Etsy, Noon
- And tools like Unicommerce, Zoho Inventory, Shopify, Razorpay, Payoneer
Our experts:
- Import transaction data and match with payouts
- Reconcile fees, promotions, and chargebacks
- Record accurate revenue, COGS, and taxes
- Track inventory movement and valuation
This level of detail makes us one of the best accounting firms in India for e-commerce, with clean, audit-ready books and platform-specific insights.
2. Multi-Currency Reconciliation
We use tools and methods to:
- Map foreign transactions to INR
- Record FX gains or losses properly
- Maintain consistency across PayPal, Stripe, Payoneer, Wise, etc.
- Provide consolidated reporting for global finance teams
Our accounting for global businesses ensures clarity across currencies and continents.
3. End-to-End GST Management
We handle all aspects of GST, including:
- GSTIN registration for e-commerce sellers
- Monthly filings (GSTR-1, GSTR-3B, GSTR-9)
- Reconciliation of TCS (Form GSTR-8 from Amazon/Flipkart)
- HSN/SAC classification of goods and services
- E-invoicing implementation for eligible sellers
With our Indian tax compliance expertise, you avoid penalties while maximizing Input Tax Credit.
4. Entity-Level Structuring and Audit Support
For global sellers with multi-entity setups, we provide:
- Intercompany transaction tracking
- Transfer pricing documentation (if applicable)
- Books consolidation across India and offshore HQs
- Annual tax filings, Form 15CA/CB (for remittances abroad)
- Support during ROC filings and statutory audits
Whether you’re a UAE holding company with an Indian entity, or a US brand with local fulfilment, we manage end-to-end financial visibility.
5. Real-Time Reporting and Insights
Our accounting team uses tools like:
- Tally ERP 9 / Prime
- Zoho Books, QuickBooks, Xero
- Microsoft Excel dashboards, Power BI (on request)
We share:
- Weekly sales summaries
- Payout vs. returns analysis
- Monthly profitability reports
- GST ledgers and liability forecasts
This provides you with powerful online business accounting visibility.
6. Data Security & Confidentiality
We follow enterprise-grade security protocols:
- NDAs with every employee
- Role-based access control
- ISO 27001-aligned data handling
- Encrypted file sharing and cloud backups
Your data stays secure—always.
Case Study: UK-based Apparel Brand Expanding in India
Client: Shopify + Amazon seller headquartered in London
Challenge: Complex Indian GST, no in-house accounting team, frequent returns
Solution by iValuePlus:
- Registered GST and e-commerce compliance setup
- Built monthly dashboards mapping SKU-level profitability
- Handled refunds, vendor payments, and FX reconciliation
- Coordinated annual tax filings and audits
Impact:
- Saved over £12,000/year in compliance overhead
- 100% error-free GST filings for 24 months
- Improved financial clarity for business expansion
FAQs
Q1: I only sell through Amazon. Do I still need a dedicated accountant?
Yes. Marketplace reports don’t handle tax reconciliations, ITC tracking, or FX conversions. A professional e-commerce accounting India team ensures compliance and clarity.
Q2: Can iValuePlus help with VAT or taxes in other countries too?
We specialize in accounting services in India. However, we collaborate with partners in the UK, UAE, and US for cross-border support and offshore accounting services.
Q3: How long does onboarding take?
Typically 1–2 weeks. We onboard after reviewing your e-commerce platforms, entity structure, and transaction volumes.
Conclusion
If you’re planning to expand into India or build a remote team offshore, your infrastructure will determine how fast—and how successfully—you scale. By leveraging India’s strengths and iValuePlus’s expertise, you can build a resilient operational base that accelerates your global ambitions.
Ready to get started?
Let’s discuss how our business infrastructure services can help you go global—smartly and strategically. Contact us now!
Recent Post
IT Infrastructure Management Services: Optimize Performance & Security
Discover how IT infrastructure management services enhance business efficiency, improve...
The Blueprint to Offshore Success: Strategies for Scaling Smart
Discover the ultimate blueprint to offshore success in 2025. Learn...
iValuePlus Services
iValuePlus is a one-stop solution to address all your needs to access, build and grow your business in the Indian market which is cost-effective & has a huge talent pool. Established in 2019 as a ‘Business Solution provider', our team has delivered successful growth projects in the international market.
Our services include setting up ODC (offshore development center), Staff Augmentation, Talent Acquisition, Digital Marketing, in the IT/ITES domain.
