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GST for Financial Services

Collect GST-free payments quickly and receive an e-FIRC for financial services

Learn how Ruul's invoicing and payment infrastructure for Indian financial services, which complies with GST regulations, can significantly reduce the costs and administrative burden associated with digital services.

* The first invoice is free only if it’s the first transaction for both the talent and the client.

Invoice Amount
Service Fee Payer
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Client will pay

You will receive

GST: 18% 0%
Commission Rate:
2.75
%*
*%2 foreign exchange fee by Payoneer applies to the payout amount at the time of withdrawal to your local INR bank account.
Our talents work with the greatest 10.000+ companies
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GST for Financial Services

What is GST?

The Goods and Service Tax (GST) was introduced in India as per the provisions of the Goods and Service Tax Act. It was implemented across the entire nation on 1st July 2017. GST is an indirect tax that is imposed on the supply of goods and services. The aim of this tax is to amalgamate various existing national and state-level taxes into a single tax system. The introduction of GST is expected to streamline and simplify the complex Indian tax structure, thereby facilitating easier calculation and collection of tax revenues.

Collect Payment
GST for Financial Services

Every invoice is B2B. Every client is international.

With Ruul's complete solution, financial services provided to both local and global clients are converted into business-to-business invoices, resulting in your payments being exempt from GST since they are issued by Ruul, a multinational corporation.

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Enjoy the convenience of receiving a complimentary e-FIRC for every transaction for Financial Services

How does 0% GST work for Financial Services?

Ruul has partnered with Payoneer, a prominent payment provider, to offer you a hassle-free invoicing and payment collection system for Financial Services in India. Moreover, you can enjoy a GST-free payment experience.

1

Link Payoneer Account

Payment Request

Link your existing Payoneer Account or sign up for a new one through Ruul.

2

Issue Invoice

Invoicing

Issue an invoice on your behalf for your digital services, with %0 GST. using Ruul.

3

Get Paid

Collection & Pay-out

Ruul sends the payout to your Payoneer account, which is then withdrawn to your local INR bank within 2 hours.

Why Ruul?

Send B2B invoices for Financial Services to both domestic and international clients and securely receive payments in your bank account located in India, ensuring complete compliance with regulations.

SERVICE
GST RATE ON RUUL
GST RATE ON OTHER PLATFORMS
Financial Services
0%
18%
UX/UI Design
0%
18%
Digital Marketing
0%
18%
Social Media Management
0%
18%
Mobile App Development
0%
18%
Web Development 
0%
18%
IT Support
0%
18%
SEO Management
0%
18%
IT Support
0%
18%

WHY THEY
LOVE RUUL

Hear from our beloved users. Read More.

Fenna Van Dijk

“Ruul offers a glitch-free, robust platform with a modern interface, maintained well for seamless invoicing over two years.”

Fenna Van Dijk
Freelance Web Developer
Carlos Del Moral Vilchez

“Ruul allows me to work remotely without hassle, ensuring easy invoicing and payment, saving time for more important tasks.

Carlos Del Moral Vilchez
Freelance UX Designer
Dovile Sopyte

“Ruul simplifies invoicing for freelancers like me, offering low fees and quick transactions. A lifesaver for my global fashion design business.”

Dovile Sopyte
Freelance Fashion Designer

Send invoices and receive payments for Financial Services, excluding GST

Join over 60,000 freelancers from over 120 countries to make financial services easier, receive quicker payments, and ensure compliance with GST regulations.

Read 270+ reviews here.

  • Invoice clients without a company
  • Get paid in 24 hours
  • Connect bank accounts or wallets
  • No client sign up required
GST for Financial Services

Common questions

Find the answers to frequently asked questions here.

Need further support?
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What is GST in India?
What is the limit imposed on GST?
Do freelancers need to pay GST in India?
What is FIRC?
Can we get FIRC online?