Hi Everyone,
I'm a freelance software developer working with US-based startup. I'm already GST registered and filing regular returns with proper LUT for my foreign clients.
Recently heard about SOFTEX forms and I'm confused about whether it's mandatory for my situation. I provide software development services on contractual basis to foreign companies, which falls under Purpose Code P0802 (Software consultancy/implementation).
My specific questions:
- Is SOFTEX filing mandatory for me despite already filing GST returns?
- If yes, do I need to file it every month with each invoice and is there any fees also in filing that?
- What are the penalties if I haven't filed it previously?
Would appreciate insights from others in similar situations. Thanks!
CAclubindia
