Industrial Equipment Lease Collection Software India
Collection software for industrial equipment lessors. WhatsApp invoice delivery, UPI AutoPay for recurring lease rentals, TDS reconciliation under Sec 194C and 194I, and overdue recovery workflow.
Works alongside your billing system. Handles what clients owe you after the invoice is raised.
Equipment Types and Lease Receivables
| Equipment Type | Typical Monthly Rental | GST SAC | TDS Risk |
|---|---|---|---|
| Generator / DG Set | ₹30,000–₹3,00,000 | SAC 9973 (without operator) | Sec 194I — 10% if treated as rent |
| Tower crane / mobile crane | ₹1,50,000–₹8,00,000 | SAC 9973 or 9954 (with operator) | Sec 194C — 2% (works contract) |
| Air compressor | ₹20,000–₹2,00,000 | SAC 9973 | Sec 194I or 194C depending on contract |
| Industrial pump / dewatering | ₹15,000–₹1,50,000 | SAC 9973 | Sec 194I if rental-type contract |
| CNC machine / lathe (sub-lease) | ₹50,000–₹5,00,000 | SAC 9973 | Sec 194I — 10% |
| Forklift / reach stacker | ₹25,000–₹1,00,000 | SAC 9973 | Sec 194I |
SAC classification depends on contract type (with/without operator). Verify with your GST consultant.
TDS-Aware Reconciliation — The Key Difference
Corporate clients deduct TDS before paying. Without TDS awareness, the system flags TDS as outstanding — creating false aged receivables that distort your collection reports.
Frequently Asked Questions
Which is the best industrial equipment lease collection software in India?
FastFee is purpose-built collection software for Indian industrial equipment lessors — generators, compressors, cranes, DG sets, pumps, construction plant, and manufacturing machinery. It manages the full lease receivables lifecycle: GST invoice generation with SAC 9973, automated WhatsApp reminders with UPI payment links, UPI AutoPay/eNACH for recurring lease rentals, TDS-aware bank reconciliation under Sec 194C (2% works contract) and Sec 194I (10% rent), and DPD aging dashboard. Equipment rental ERPs manage inventory and scheduling; FastFee manages what clients owe you.
What SAC code applies to industrial equipment lease invoices?
SAC 9973 covers "Leasing or rental services without operator" — applicable to most industrial equipment lessors providing machinery without an operator (crane hire, generator rental, compressor leasing, DG set rental). If the equipment is provided with an operator (operated crane hire, operated DG set), the service typically falls under works contract (SAC 9954) rather than pure leasing. Verify with your GST consultant for your specific equipment and contract type. FastFee generates GST invoices at the SAC code you configure.
How does FastFee handle TDS deductions on industrial equipment lease payments?
Corporate clients leasing industrial equipment often deduct TDS before paying: Section 194I (10%) if the contract is treated as rent, or Section 194C (2%) if treated as works contract. Without TDS-aware reconciliation, the net bank credit appears as a partial payment — the invoice shows ₹1,00,000 due, the bank receives ₹90,000 or ₹98,000, and the system flags ₹10,000 or ₹2,000 as outstanding. FastFee records the gross invoice, the TDS as a receivable (to be claimed via Form 26AS), and the net bank credit — reconciling all three so the lease account shows as fully settled.
Does FastFee work for generator, DG set, and compressor rental collection?
Yes. FastFee manages receivables for generator and DG set rental operators, compressor lessors, pump rental businesses, and similar industrial equipment providers. Key features: monthly lease rental billing with the correct SAC code, WhatsApp invoice delivery with UPI payment link to the client's accounts payable team, follow-up at D+7 / D+15 / D+30, bank reconciliation for NEFT/RTGS corporate payments (large amounts rarely paid via UPI), TDS receivable tracking, and overdue aging by client and by site.
How is FastFee different from equipment rental management software?
Equipment rental management software (ERP systems like Rentman, Wynne, or custom-built tools) manages equipment inventory, availability scheduling, deployment tracking, maintenance records, and billing generation. FastFee is the collection and receivables layer — it takes generated invoices and manages the collection cycle: reminder sequences, payment link delivery, bank reconciliation, TDS tracking, and overdue recovery. Many equipment lessors use an ERP or Tally for billing and FastFee for post-billing collection.
Automate Equipment Lease Receivables
Works alongside Tally or your ERP. No credit card required.