For modern software and SaaS companies, Goods and Services Tax (GST) compliance is a highly complex area characterized by multi-jurisdictional billing, domestic subscription renewals, and cross-border export regulations. Navigating export filings with or without LUT (Letter of Undertaking) and matching Input Tax Credits (ITC) requires precise reconciliation. Acclevate provides tech-focused GST advisory to keep your operations compliant and protect your working capital.
Maintain continuous compliance and protect your supplier-buyer relationships with punctual, accurate monthly and quarterly GST return filings. Delays in filing not only attract interest and late fees but also lock up your buyers' Input Tax Credits, causing severe commercial friction and reputation damage. Our specialists reconcile your books with GSTR-2B, file GSTR-1 and GSTR-3B, and resolve purchase mismatches before they lead to department scrutiny.
Under GST, exporting software and SaaS to international clients qualifies as a "zero-rated supply." However, to claim this benefit without paying tax upfront, startups must file an annual Letter of Undertaking (LUT). Acclevate manages the entire process, preparing flawless GSTR-1 and GSTR-3B filings that accurately represent export revenues and prevent costly tax notices.
SaaS startups incur heavy operational expenses on cloud hosting (AWS, GCP, Azure) and external SaaS tools, which attract 18% GST under the OIDAR (Online Information Database Access and Retrieval) classification. We perform systematic GSTR-2B reconciliations to ensure you claim 100% of your eligible Input Tax Credit (ITC), directly improving your startup's cash flow.
Continuous matching of purchase registers with portal data to prevent lost input tax credits.
Independent verification of GSTR-1 and GSTR-3B figures to eliminate arithmetic reporting errors.
Early detection of defaulting suppliers to preserve your cash flow and claim credits on time.
Proactive filing workflows that guarantee submission well before statutory deadlines.
If your suppliers fail to file, their invoices will not reflect in your GSTR-2B, which blocks your ability to claim Input Tax Credit and impacts cash flow.
Yes, late filings attract a daily late fee along with 18% per annum interest on any unpaid tax liabilities.
Direct revisions of GSTR-3B are not permitted, but corrections can be declared in the subsequent month's returns to rectify reporting anomalies.
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