Hi Friends,
For a person/company providing software development service
1- What would be the GST %?
2- What will be written on invoice (CGST, SGST, IGST)?
3- What all can be claimed under Input Tax Credit for business of software development? and how to check the available Input Tax Credit?
4- What dates of the month to deposit tax amount collected & when to file tax returns?
5- For example - client made payment and invoice is raised, later due to some circumstances the amount is refunded to client so what will happen to the tax that is collect from client? (1)In case the refund is given the same month prior to submitting tax amount to the government. (2)And in case if the refund is given to client after the tax amount is deposited to the govenment.
Thank you!
CAclubindia
