IT and SaaS companies operate in a cross-border environment. They export services to foreign clients, import software from foreign vendors, and deal with OIDAR classification. Export refunds are a significant source of working capital.
This article explains the GST advisory for IT and SaaS companies.
Export of Services
- Conditions under Section 2(6) of IGST Act.
- LUT filing.
- FIRC/FIRMS documentation.
Cross-Border Billing
- Place of supply rules.
- OIDAR classification.
- Invoicing.
Import of Services
- RCM compliance.
- Self-invoice.
- ITC claims.
Refund Claims
- RFD-01 filing.
- Deficiency memo response.
- Follow-up.
Conclusion
IT and SaaS companies need GST advisory that addresses export refunds and cross-border billing. A CA firm with technology sector expertise ensures compliance and optimises refunds.
At Anuj Desai & Associates, we provide GST advisory for IT and SaaS companies. Our team handles export qualification, LUT filing, and refund claims.
For a confidential consultation, contact us at office@anujdesaiassociates.com or call 9619456656. Visit our website at https://anujdesaiassociates.com or connect with our founder on LinkedIn at linkedin.com/in/ca-anuj-desai-122547230.