You can buy original music software like DAWs, plug-ins, sample libraries, upgrades, etc. online from international stores and also through their authorised India exclusive dealer, like SudeepAudio.com
Here are some BIG benefits for end-users to buy software locally in India, than make a direct online purchase from international stores!
1. Pricing
Direct Import by End-User:
- A product costing, say, USD 100 on an international store will end up costing you about USD 104 (due to foreign currency charges on use of credit cards, or PayPal fees).
- As a GST-registered individual or company, you also have to pay 18% IGST on this amount in your monthly returns as per the GST law.
- The actual cost comes to USD 104 plus 18% IGST = USD 122.72
Buying from SudeepAudio.com:
Suppose you buy the same USD 100 product from us. How much will it cost you then?
USD 84.7 (the product price) plus 18% local GST = USD 100, which is what you pay. Firstly you will pay in Indian Rupees at the latest currency exchange rates.
So in this case, you end up owning the same product for a net price of USD 84.70. Plus the balance amount of USD 15.3 can be set off as GST input credit against your own local invoices.
Most companies have offered us special India pricing for software. In almost all cases the listed price of say USD 100 price would be available at USD 90, or even lesser, in our India store. All prices mentioned on our web store include 18% GST, and the price break-ups are also mentioned, as seen in this real-world comparison example (as on 26th August, 2018).
Note: If an offer is running on the manufacturer’s site, then the offer prices are made available to you in India also!
2. GST (Goods and Services Tax) benefits
Direct Import by End-User:
- To show a software purchase as business expense, you need to have an Import Export Certificate (IEC) number for all international transactions.
- If you do not have a GST registration, then it is illegal to show such direct import purchases as a business expense. Read more about the benefits of GST here
Buying from SudeepAudio.com:
- As seen in the purchase example given above, the same USD 100.00 product costs you net USD 84.70, and the balance amount of USD 15.30 (GST) can be set off against your local invoices that you issue to your clients.
- Even if you do not have a GST registration, most of our web-store software prices are lowest in the world.
Moreover, you do not need an Import Export Certificate (IEC) number, since you are buying in India and from an Indian registered company. - So it turns out to be financially beneficial, legal, and hassle-free to buy from us in India.
3. Income Tax benefits
Direct Import by End-User:
Software purchased for your business (music production or recording studio), can be claimed as a capital expenditure in your annual Income Tax (I.T.) returns. However, you do need to have a valid IEC and a GST number for purchasing from outside India and claim such a benefit.
Buying from SudeepAudio.com:
Even if you do not have a GST registration and/or an IEC number, you are fully authorised to claim the total invoice expense amount in your I.T. returns, when you buy a product from us locally. That’s one more advantage.
4. Payment Options
Direct Import by End-User:
You need to have an international credit card, or create a PayPal account, to shop online from any international store.
Buying from SudeepAudio.com:
- You can use any Indian bank debit or credit card. Also offered are EMI options on select credit cards.
- Don’t have a credit card or afraid of online fraud? No problem.
You also have the choice to deposit cash or cheque into our ICICI bank account at any branch in India. - NEFT, IMPS, RTGS and UPI payment modes are also available for payments in Indian currency.
HERE IS ANOTHER PRICE COMPARISON EXAMPLE (as on 30th March, 2023)
Product | Direct Import from an International Online Store |
Purchased in India from SudeepAudio.com |
Image Line FL Studio Signature Bundle | Rs. 29,000 incl. 18% Import GST | Rs. 23,000 incl. 18% GST (Rs. 3,500 set-off) |
Audio Ease Altiverb 7 XL | Rs. 89,000 incl. 18% Import GST | Rs. 73,000 incl. 18% GST (Rs. 11,000 set-off) |
ADDITIONAL benefits of buying from SudeepAudio.com:
- Quick delivery (in few hours on business days) and, for many brands, INSTANT delivery (24 x 7 x 365)
- All software products are always in stock
- Telephone support available in Hindi, Marathi, Gujarati and English
- Win additional discount coupon codes from ProAudioGames
- For all software priced above Rs. 30,000, every quarter we donate to top NGOs rated by GuideStarIndia.org, without you spending or being charged an extra rupee for this act. More details here
- Buying locally shows your support to an Indian company that imports officially, pays GST as per guidelines, passes on price benefits to you; and is engaged in running India’s only YouTube channel for music producers and sound engineers
How are we able to offer lowest prices in the world?
International software companies are made aware about high piracy levels in India, and Indian customers’ price sensitivity. Based on this, special India pricing is offered to us. Therefore, we are able to offer you original software at lowest prices in the world.
The local GST amount in your invoices is an additional saving, if you are a registered person or a company.
Even if you do not have a GST number, you still get to buy original software at lowest prices (all inclusive) in India from SudeepAudio.com
BE ORIGINAL. BUY ORIGINAL. And yes, ALWAYS BUY SOFTWARE IN INDIA.
P.S. Read some of our customer testimonials here
The post Think Global. Buy Local. appeared first on SAundCheck - a blog by Sudeep Audio for the Indian music industry.