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Gst on licence fee of software


sandip rai (Consultant)     27 June 2019

sandip rai
Consultant 
 2 likes  83 points

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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.

avater

RAJA P M ("Do the Right Thing...!!!")     27 June 2019

RAJA P M
"Do the Right Thing...!!!" 
 8389 likes  114656 points

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Are You raise invoice 1st...?

avater

sandip rai (Consultant)     27 June 2019

sandip rai
Consultant 
 2 likes  83 points

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Yes , raised invoice of 120000+gst

ANIL KUMAR   27 June 2019

ANIL KUMAR

 5 points

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


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