Mr Macron said he wanted France to "strengthen" its "partnership with Russia" in its fight against so-called Islamic State (IS) in Syria. He said he favoured "a democratic transition" that would "preserve the Syrian state".
But the use of chemical weapons would be a "red line" that would draw an "immediate response" from France, he added.
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A stiff and awkward meeting - BBC Paris Correspondent Lucy Williamson
Despite the sweltering weather, this meeting held a touch of frost from the start, when the two leaders greeted each other with brief handshakes and small grim smiles.Two hours later, as they emerged from their meeting, the mood was - if anything - even cooler. There is lots of substance for them to disagree on, but there is a personal awkwardness to this new relationship, too.
Mr Putin's apparent support for Mr Macron's far-right presidential rival during the campaign, and allegations by the Macron campaign that Russian agents had tried repeated cyber-hacks, have coloured the meeting.
During the press conference, the French leader strongly defended banning two Russian media outlets from covering his presidential campaign, describing them as "agents of propaganda"
What about the conflict in Ukraine?
France has taken a firm line against Moscow over Russia's intervention in Ukraine. Western sanctions, imposed after Russia's annexation of Crimea in 2014, have been ratcheted up since pro-Russian rebels carved out a breakaway region in eastern Ukraine.President Putin used the news conference to call for these sanctions to be lifted, saying they did not help create stability in the east.
But both leaders agreed to revive joint working groups, and to reconvene talks with Germany.
Did Russia meddle in the French election?
Mr Putin appeared to support Mr Macron's nationalist rival Marine Le Pen during the 2017 presidential campaign. He hosted her in the Kremlin a month before the election's first round.But Mr Putin told Monday's news conference: "This doesn't mean that we somehow tried to influence the election at all... that would have been impossible as well."
He also said there was "nothing to discuss" when asked by journalists about allegations Russia has tried to meddle in foreign elections.
Before becoming president this month, Mr Macron accused Russia of pursuing "a hybrid strategy combining military intimidation and an information war".
On Monday he accused pro-Kremlin news outlets Russia Today and Sputnik of being "organs of influence and propaganda" against his campaign.
What else did they talk about?
President Macron said they discussed the alleged persecution of gay men in the Russian republic of Chechnya, and President Putin had promised "measures aimed at establishing the whole truth about the activities of local authorities".He said France would remain "vigilant" on the issue.
Versailles was chosen for the Macron-Putin meeting because an exhibition dedicated to Tsar Peter the Great is opening there. The tsar's visit to Paris and other parts of Europe 300 years ago greatly influenced his reign.
Ties between Russia and France became increasingly strained under Mr Macron's predecessor François Hollande.
Monday's meeting was President Macron's latest diplomatic test after the G7 talks in Sicily and the Nato summit in Brussels where he turned the tables on US President Donald Trump by holding him in a clenched handshake until their knuckles went white.
Afterwards, Mr Macron told French media the exchange was "not innocent" and he had wanted to "show he would not make small concessions, not even symbolic ones, but also not overdo things".
[BBC Sources]
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