Prepare For GST In Simplest Way (software Company / IT Company )

Prepare for GST in Simplest way (software company / IT Company )

If your company(seller) is GSTIN registered then do the following:

 

Step-1: Create a form on your website like http://www.ubwebs.com/UBWebs-GST-info/ with all the fields so that you can collect the data from the GST registered buyers of your services.

 

Step-2: Create a page on the website like http://www.ubwebs.com/UBWebs-GSTIN-Details/ to display your GST Info.

 

Step-3: Now create invoices as per the following cases.

 

CASE-1: If other party is registered Under GST and exist outside State:

Ask for GST Details (Step-1) and mention the details in the invoice and put IGST as 18%.

 

CASE-2: If other party is registered Under GST and exist within State:

Ask for GST Details (Step-1) and mention the details in the invoice and put S-GST as 9% and C-GST as 9% [still you need to bill 18%]

 

CASE-3: If other party is not registered Under GST (Inside/Outside State):

Create invoice without GST details of Buyer but with 18% S-GST/C-GST OR IGST whatever is the case.

 

If you are GSTIN registered, you have to take the GST from the Buyer. If Buyer is registered too, he will get the claim else not.

 

Important References:

 

State Code list:

http://www.ubwebs.com/List-of-State-Code.pdf

 

sample Invoice:

GST Performa Invoice for Software company (PDF)

Download GST Performa Invoice for Software company (Docx)

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