Gst on licence fee of software


Consultant

Dear Experts,

 

I am selling perceptual software to client example : Mr. A selling Software to Mr. B at INR 120000+GST, Both agreed on payment terms for 12 months i.e INR 10000+GST in 12 months.

Should Mr. A raise single invoice of INR 120000+GST and accept INR 10000+GST every month.

What about the 180 payment and input reversal in this case.

 
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"Do the Right Thing...!!!"

Are You raise invoice 1st...?
 
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Consultant

Yes , raised invoice of 120000+gst

 
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GST Certification Course



input reversal, applicable to receiver of goods or service and not for suppliers or service provider
 
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