All topics In production
Overview
Indian GST is messy — inter-state vs intra-state, place-of-supply rules, composite vs mixed supply, e-invoice mandates above the ₹5 Cr threshold. WareShare computes all of it from the warehouse + tenant GSTINs at the time of booking, generates the IRN, and reconciles into NACH-led settlement so your finance team doesn't have to chase mismatches.
Tax computation
Place of supply
Derived from warehouse GSTIN state code vs tenant GSTIN state code. Inter-state → IGST; intra-state → CGST + SGST. No manual flag.
GST rate
Warehouse rental classified under SAC 9972 (18%). Cold-storage charges separately classified where applicable; configurable per host.
Reverse charge
RCM logic applied automatically when the host is unregistered and the tenant is registered (Section 9(4)).
e-Invoicing
IRN generation
IRN generated via NIC IRP at the moment a booking is confirmed. QR code embedded in the PDF invoice.
Threshold handling
Auto-detection of host turnover threshold (₹5 Cr from FY25). Below threshold: regular tax invoice; above: e-invoice with IRN.
Cancellation & amendment
IRN cancellation within the 24-hour window handled in-platform; post-window cancellations flow through credit-note logic.
Settlement & reconciliation
NACH settlement
Net payable computed: gross rent − host commission − GST adjustments. Settled via NACH on T+2 (Business plan) / T+5 (Pay-as-you-go).
GSTR-1 / 2A reconciliation
Monthly reconciliation report shows host filings vs platform records — flags missing invoices before the GSTR-1 deadline.
Audit trail
Every invoice, IRN, settlement and GST adjustment retained for 7 years (statutory).
Artifacts & references
Public docs link directly. Confidential artifacts available under NDA — request via enterprise sales.
- GST handling whitepaper Detailed walkthrough — request via enterprise sales.
- Sample e-invoice (PDF) Available under NDA.