GST Compliance & Invoicing Standards

Subscribers who possess a valid Goods and Services Tax Identification Number (GSTIN) issued by the Government of India are eligible to claim Input Tax Credit (ITC) on all subscription fees paid to AccoNova.

To claim ITC, you must provide your company's correct GSTIN and billing address in your Billing Settings before invoice processing. AccoNova is unable to modify invoices retrospectively once submitted to the GST portal.

Invoices processed by AccoNova for cloud-based Software-as-a-Service (SaaS) subscriptions are classified under the Services Accounting Code (SAC):

• SAC Code: 997331 (Licensing services for the right to use computer software).
• Tax Rate: Standard 18% GST (9% CGST + 9% SGST for intrastate, or 18% IGST for interstate billing based on your registered location).

AccoNova generates digitally signed GST invoices with a valid Invoice Reference Number (IRN) and QR Code for corporate subscribers. Invoices are filed automatically to the GST Goods and Services Tax Network (GSTN) and appear in your GSTR-2B dashboard by the 11th of each calendar month.

In compliance with GST rules, if a subscriber fails to clear their SaaS invoice payments within 180 days of the invoice date, they are legally liable to reverse any Input Tax Credit (ITC) claimed on those services.

AccoNova is required to declare all sales ledgers automatically, and delayed payments may suspend immediate GSTR-1 updates for your profile.

For enterprises with offices in multiple Indian states, we issue invoices matching the registered billing address selected in the workspace settings. CGST/SGST vs IGST calculations are handled dynamically by our invoicing system based on the billing state.

Please verify that your selected branch state corresponds with your local state GSTIN configuration before upgrading plans.