What is a Purpose Code?
A purpose code is a unique identifier that specifies the reason for a financial transaction, such as an international payment or remittance. It helps ensure compliance with regulations and facilitates accurate tracking of transactions.
Which Purpose Code Should You Select?
- It's recommended to consult your Chartered Accountant (CA) to determine the most appropriate purpose code for your transactions.
- You can also refer to the list of purpose codes in the Mulya platform's drop-down menu.
If you have any queries or your desired purpose code isn’t listed, you can contact our support team via the WhatsApp support option at the bottom right of the website.
Supported Purpose Codes
- P0102 - Realisation of export bills (in respect of goods) sent on collection (full invoice value)
- P0103 - Advance receipts against export contracts, which will be covered later by GR/PP/SOFTEX/SDF
- P0201 - Receipts of surplus freight/passenger fare by Indian shipping companies operating abroad
- P0801 - Hardware consultancy/implementation
- P0802 - Software consultancy/implementation (other than those covered in SOFTEX form)
- P0803 - Database, data processing charges
- P0804 - Repair and maintenance of computer and software
- P0806 - Other information services - Subscription to newspapers, periodicals, etc.
- P0807 - Off site Software Exports
- P0901 - Franchises services – patents,copy rights, trade marks, industrial processes, franchises etc.
- P0902 - Receipts for use, through licensing arrangements, of produced originals or prototypes (such as manuscripts and films)
- P1002 - Trade related services – Commission on exports/imports
- P1004 - Legal services
- P1005 - Accounting, auditing, book keeping and tax consulting services
- P1006 - Business and management consultancy and public relations services
- P1007 - Advertising, trade fair, market research and public opinion polling services
- P1008 - Research & Development services
- P1009 - Architectural, engineering and other technical services
- P1014 - Engineering Services
- P1016 - Market research and public opinion polling service
- P1017 - Publishing and printing services
- P1019 - Commission agent services
- P1020 - Wholesale and retailing trade services
- P1022 - Other Technical Services including scientific/space services
- P1109 - Other Personal, Cultural & Recreational services
- P1101 - Audio-visual and related services – services and associated fees related to the production of motion pictures, rentals, fees received by actors, directors, producers and fees for distribution rights
- P1104 - Entertainment services
- P1107 - Educational services (e.g. fees received for correspondence courses offered to non-residents by Indian institutions)
- P1306 - Receipts / Refund of taxes
- P1501 - Refunds/rebates on account of imports
- P1502 - Reversal of wrong entries, refunds of amount remitted for non-imports
- P1701 - Receipts on account of processing of goods
Note: You can select multiple Purpose Codes as long as they match your business description, domain of work, and the website URL you’ve provided.