Master in Accounts & high court Advocate
9610 Points
Posted on 09 December 2024
E-way Bill Requirements As per the GST regulations, e-way bills are required for the movement of goods, not for the supply of services or intangible goods like software.
Software Sales Exempt from E-way Bills Since you are selling software and only sharing a license key, there is no physical movement of goods.
Therefore, you are not required to issue an e-way bill, even if the invoice value exceeds Rs. 50,000.
SAC Code for Software Supply You are correct that the supply of software is classified under a specific SAC (Service Accounting Code).
Ensure you use the correct SAC code on your invoice. Invoice and GST Compliance While e-way bills are not required, you must still:
1. _Issue a GST-compliant invoice_: Include all required details, such as the SAC code, GSTIN, and invoice value.
2. _Pay GST on the invoice value_: Pay GST on the invoice value, as per the applicable GST rate for software supplies.
3. _File GST returns_: File your GST returns, including the details of the software supply.
Additional Tips 1. _Verify GST regulations_: Verify the GST regulations and guidelines for software supplies to ensure