India: A company having registered addresses in India and using SaleSquared's services, the following tax regulations are applicable.
As part of our services, an 18.00% Goods and Services Tax (GST) must be paid by our customers; the rate is subject to change from time to time as per Government regulations.
What is an Invoice?
The customer will receive an invoice on the plan purchase and the wallet recharge. For instance, if you add a balance worth Rs.500/- to the wallet, the invoice will be generated for Rs.590/- along with the 18% GST.
The invoice document is shared via email to the registered and billing emails mentioned in the company profile.
When will the GST credit be shown in the client's portal?
Every month, the filing will take place on the 11th, and the clients will have their credits reflected within 4-5 working days.
When will the GST credit be shown in the client's portal?
Every month, the filing will take place on the 11th, and the clients will have their credits reflected within 4-5 working days.
We can change the GSTIN until the 5th of the subsequent month of invoicing. So, for instance, if the invoice is created on 1st January, the changes can be entertained until 5th February.
It is the same for change of address too.
We can modify details only in the following cases:
- The customer was earlier recorded with an incorrect GSTIN and wants to get it changed.
- We cannot revise it for a customer registered as Unregistered earlier.
How is TDS deducted?
TDS is deducted 2% on the taxable value in invoices, not the entire amount. The invoice value includes the GST component, making it necessary to avoid double taxation by not deducting TDS from that value. Therefore, it is required to forgo the TDS deduction in this case. SaleSquared currently falls under the 2% TDS rate by virtue of Section 194J(1)(b) - Fees for Technical Services. Please click here to know more about Section - 194J.
International (Everywhere other than India): Companies registered outside India and availing of SaleSquared's services offshore must understand the applicable tax explanation.
Currently, services exported are GST-exempt, meaning international clients won't be liable to pay any GST.
Here is a link to the official document by CBEC(Central Board of Excise and Customs) where Section 16(1) of the IGST Act, 2017 states the above.
For Indian Registered Companies using our International services:
We would appreciate your cooperation if you could contact our Customer Happiness Team to request a tax invoice with the GST component. The pertinent details are listed below for your reference.
