27 February 2023
Hi, My client is engaged in export of video and photo editing services to a foreign client and now wishes to opt for GST registration. In order to consider his services to be of export in nature he has to procure BRC (Bank Realisation certificate) or FIRC (Foreign Inward Remittance certificate) from bank. Hence I asked him to enquire the requirements for the same. The bank communicated that they would be needing, GST Registration, IEC, and SOFTEX. Now my query is 1. Does the service that my client is providing come under Software services? 2. Does he require STPI registration and fill out SOFTEX form on raising export invoice? 3. Is SOFTEX mandatory for banks to provide BRC? 4. How to get STPI Registration and how to fill out SOFTEX forms if the same is required?
27 February 2023
If turnover is less than 20 lakhs per annum no need for GST registration. If GST registration is required then whether you come under software services will depend on how you are providing services and that will determine whether you need softex or not