GST Filing Software Hyderabad — Telangana GST Compliance for IT and Pharma 2026

GST Filing Software Hyderabad — Telangana GST Compliance for IT and Pharma 2026

Hyderabad's GST compliance requirements are shaped by its industry mix: IT services exports (zero-rated), pharmaceutical manufacturing (multiple GST rates from 0% to 18%), and Hyderabad's large trading community (standard GST on goods). The state GSTIN prefix is 36 (Telangana). MICS provides end-to-end GST compliance for Hyderabad businesses across all these sectors.

Hyderabad Sector-Specific GST

IT Services Exports

HITEC City's IT companies export software services — zero-rated under GST. Companies must either:

• File LUT (Letter of Undertaking) before April 1 each year and export without paying IGST, or
• Pay IGST and claim refund — slower but available option

FIRA (Foreign Inward Remittance Advice) from the bank must match export invoices for zero-rating. MICS tracks LUT renewal deadlines and FIRA reconciliation.

Pharmaceutical Manufacturing

Hyderabad's pharma industry (Genome Valley, Patancheru) has complex GST:

• Active Pharmaceutical Ingredients (API): 18% GST
• Formulations (medicines): 12% GST for most, 5% for life-saving drugs
• Medical devices: 5-18% depending on classification
• Exports: zero-rated — significant IGST refund claims for Hyderabad pharma exporters

MICS tracks pharma HSN codes, manages multi-rate inventories, and files export refund applications.

Real Estate (Cyberabad, Financial District)

Hyderabad's commercial real estate boom — office buildings in Financial District, Gachibowli — involves construction company GST (18% on works contracts), input tax credit on materials, and RERA compliance.

GSTR-2B Reconciliation

Hyderabad's IT companies deal with hundreds of domestic vendors. GSTR-2B matching — verifying that all vendor invoices are reported by the vendor in GSTR-1 — is critical for ITC eligibility. MICS runs automated GSTR-2B reconciliation and highlights mismatches before they become audit issues.

MICS GST Features for Hyderabad

E-invoice Integration

Hyderabad businesses above Rs. 5 crore must generate e-invoices. MICS integrates with GSTN's IRP (Invoice Registration Portal) to:

• Generate IRN (Invoice Reference Number) in real-time
• Embed QR code in invoice PDF
• Auto-populate GSTR-1 from e-invoice data

E-way Bill

Goods movement above Rs. 50,000 in Hyderabad (and across Telangana) requires e-way bill. MICS generates e-way bills directly from sales orders — no separate portal login needed.

Annual GST Compliance

• GSTR-9: Annual return consolidating monthly filings
• GSTR-9C: Reconciliation statement — mandatory for Hyderabad businesses above Rs. 5 crore
• GSTR-9C requires statutory auditor certification

Pricing

• Basic GST (up to 200 invoices/month): Rs. 5,000/month
• Standard (e-invoice + GSTR-2B recon): Rs. 9,000/month
• Pharma/IT enterprise (multi-GSTIN, export refunds): Rs. 15,000+/month

Contact for Hyderabad GST compliance: +91 9355273535 | admin@mics.asia