India compliance
Statutory obligations are business rules, not software features, so they live in the rulebook where they can carry a status and a source that is re-checked each financial year.
Read 07 · Finance, accounting and tax.
Rules marked LAW are not optional; rules marked OPEN are waiting on an answer from the
company's Chartered Accountant and must not be built on.
This page is a signpost, not a second copy. It is not tax advice.
The obligations, and where the software stands
| Obligation | Rule | Built? |
|---|---|---|
| Revenue recognised when the tour is completed; money before travel is an advance | FIN-001 | No |
| Which standard applies — Ind AS 115 or AS 9 | FIN-002 | OPEN — CA to confirm |
| Principal or agent, per product line | FIN-003 | OPEN — CA to confirm |
| GST scheme for packages — 5% without ITC or 18% with | FIN-010 | OPEN — CA to confirm |
| GST on advances due on receipt; receipt voucher per advance (CGST r.50) | FIN-011 · LAW | No |
| Refund voucher per refund of an advance (CGST r.51) | FIN-011 · LAW | Yes — RFV- voucher on every approved refund |
| Credit / debit notes for corrections after a tax invoice (CGST s.34) | FIN-012 · LAW | Partly — issued invoices are locked; automatic notes are not built |
| E-invoicing above the notified turnover threshold | FIN-013 · LAW | Applicability not confirmed |
| TCS on overseas tour packages — 2%, no threshold, from 1 April 2026 | FIN-020 · LAW | No |
| TDS on supplier and agent payments | FIN-021 · LAW | Yes — see TDS |
| Audit trail on every accounting record, unalterable (Companies (Accounts) Rules r.3(1)) | AUD-001, AUD-002 · LAW | Yes |
| Books and their audit trail kept 8 financial years (Companies Act s.128(5)) | AUD-003 · LAW | No automated purge exists; retention is a policy, not a feature |
| Posted vouchers never edited or deleted | FIN-031 · LAW | Yes — see Overview |
| Personal data: identity numbers masked outside their own record (DPDP Act 2023) | AUD-020 | Partly |
TCS is a legal obligation that is not implemented
Selling an overseas tour programme package requires collecting TCS from the buyer on receipt of payment, recording their PAN, depositing it, filing Form 27EQ quarterly and issuing certificates. None of that exists in the system today. It is scheduled in Wave 5 and blocked on FIN-002 / FIN-003 / FIN-010.
What is in the software
- GST — GSTIN handling, HSN/SAC, the GSTR-1 and GSTR-3B payload builders.
- TDS — rate master, deduction on supplier payments, Form 26Q export.
- Audit trail — what is recorded and who may read it.
- Numbering — one atomic counter per document series, forward only, so two documents cannot share a number.