GST Software is a must-have application for businesses to manage the taxation process easily. This software helps with the calculation of taxes as per the latest GST compliances & GST verification. Using this software, organizations can file their GST returns directly in just a few clicks. Data can be imported quickly and invoices can be matched automatically for GSTR-1 & GSTR-2 returns.

This way, business owners can reduce their compliance burden and focus more on running their business efficiently. Further, GST billing software assist in filing GST returns and simplifies the entire financial accounting process. Other essential features of GST accounting software are sales orders, advance receipts, and delivery challans.

Best GST Accounting Software

GST Accounting Software: with the implementation of the new GST regime, it’s important for businesses to maintain the books of accounts accordingly. With the help of GST accounting software, businesses can manage their accounting information accurately in compliance with the latest GST rules. From voucher entry to final statements, every process can be made GST-enabled with this software. Along with GST ready accounting software module assists with billing and inventory, pricing, managing service orders, credit, and debit notes.

Modules of GST Software Which Helps To Any Businesses

E Way Bill Generation

These modules give a bulk generation of E-way bills for both registered taxpayers as well as a transporter. Mapping of invoices is also done with E-way bill generation. E-Way Bill, You can easily generate GST e-way bills in bulk for both, registered taxpayers and transporters. However, this module isn’t restricted to this as you can completely control all the activities concerning the respective bill. You can extend its validity, cancel it, and reject it in a few clicks. Besides this, the best GST software facilitates the printing of the e-way bill in both a short and detailed manner.

Item Master

You can create item master and import items in bulk with GST software.

Invoice Settings

You can add a company logo, terms, and conditions, or any customized file as per your business requirement.

Sales & Purchase Invoices

With sales invoices and purchase invoices, you can manage multiple functions, such as creating a bill of supply, delivery challans, and recording purchase invoices.

Import-Export Data

Import-Export Data GST software solution facilitates the import/export of data from third-party software. You can import data related to supplier & receiver directly from online portals. Similarly, importing the JSON file from any software or utility to GST-ready software is also possible. Additionally, the proposed software supports the export of data to the GST government offline tool & SAG excel.

GST Invoicing

GST Invoicing Solution is one of the essential modules of GST billing software, as it lets you generate invoices as per the GST standards. The invoice has complete details regarding product/service, different types of GST tax levied (SGST, CGST, IGST), etc. Moreover, there are many GST software that also provides you with ready-made GST invoice templates.

Inventory Management

Inventory Management Solution with GST Software supports in maintaining a proper list of goods and services including rate, description, tax information, date of purchase, date of sale, etc. You remain updated about the inventory level and eventually place the order as per the business requirement. Also, you have complete information regarding stock issues including the number of products, client details, and more.

Database Management

Database Management with GST Software Solution to Manage complete data related to your customers and vendors with the best GST software in India. Get details concerning customers such as the amount of invoice raised, the payment received, amount due, and the discount is given. Similarly, you can easily verify the GSTIN of your vendors, reconcile payments, check the amount to be paid, etc.

Tax Software

Tax Software for Input Tax credit management by your side, you can never miscalculate the amount of Input Tax Credit (ITC) or fail to receive it on time. The respective software will calculate the input amount as per GST rules and update the GST credit register on time. Also, it compares GSTR 3B and GSTR 2A to ensure you are claiming the exact amount of ITC that has been shown by the supplier against the taxpayer’s GSTIN.

Report Generation

Generate Reports help you in making informed business decisions by letting you prepare insightful reports. These reports are created using accurate data and assist in analyzing true business performance. Using the software, you can make reports on various metrics such as sales, purchases, invoices. Additionally, if there is any mismatch in the ITC amount claimed and the taxpayer is eligible for it, a report regarding the same can also be generated.

Software for ERP System

Software for ERP System: Now on demand of Indian industries, the GST software solution is ready for ERP along with advanced features and due to this most of the manufacturing companies start using it. This free GST accounting software solution is a combined system of accounting, billing, invoicing, inventory, product management compliance, etc. Get the free demo GST ERP.

Common Features Of GST Software

Sales and Purchase Reports

Users can get a summarized and rate-wise report for sales figures and get the option to view GSTR-2A as per return as well as period (monthly/quarterly). Also, get an excel report for supplier-wise GSTN.

Return Filing Status

Users can get return filing status of the receiver and supplier with their monthly or quarterly mode to know the date when the credit will be available and if GSTR-1 has been is filed or not.

Import-Export facilities

You can import client details, suppliers' data, and more in Excel for streamlined e-filing of GSTR.

Invoice for Goods & Services

It helps with the billing of goods and services by taking care of billing format across different industries.

HSN and SAC Code Mapping

GST software saves your time by helping you find the Harmonized System of Nomenclature (HSN) Code and Service Accounting Codes (SAC). With the right HAC and SAC, you need not add a detailed description of goods/services. Moreover, the tax amount is automatically calculated by software with the applicable rate of GST.

Multi-Currency & Multi-Lingual

Various GST-ready software that accepts data in other currencies and languages. Such software comes in handy for organizations that work at the global level. Auto-conversion is done as per applicable rate, the tax amount is calculated as per GST standards and charged in the invoice by the software.

GST Reconciliation

The software module facilitates the automatic reconciliation of data and IT returns. For instance, it reconciles GSTR-3B with Input Tax Credit Register maintained. It also matches the purchase invoice with the sales invoice uploaded by sellers. The respective software helps in quickly handling cases of mismatches and ensures that the correction is made in no time.

Track Accounts Receivable GST Compliance

Accounting software enhances the transparency into the business by tracking down the accounts receivables against all the invoices raised. It will help you set the credit period and notify if the collection is not made on time. By helping you receive timely payment, it will ensure that the cash flow of your business remains healthy.

GST Return Filing

GST Return filing is one of the crucial features of GST-ready software. It facilitates quick e-filing of all the GST returns. You can import the required data related to purchase, sales, input tax credit and it will be automatically registered in the GST returns. If there is any error, discrepancy, or mismatch of the amount, you will be informed instantly to ensure that the correct return is filed.

GST Payment

It provides you with the ease of paying tax returns via an e-payment facility. You can pay GST online with a secured payment gateway such as net banking, credit card, debit card. You can even make payment via generating the challan and the proposed software will help you in generating electronic challan from the GST portal. Further, it will facilitate challan printing as well as challan register maintenance.

Automatic Ledger Creation

It doesn’t need a professional to use it. You can use it with little or no accounting knowledge, especially for preparing ledgers. Once you have raised or uploaded the invoice, the rest will be done by the software automatically. Not only ledgers but the auto-generation of financial statements is also facilitated by the respective software.

Advantage/Benefits of GST Software Implements

Paying Taxes On Time: GST accounting software plays a vital role by enabling companies to pay taxes on time and at a legit rate. Unlike the previous tax regime, GST calls for uploading invoices with return filing to get the tax credit. GST billing software ensures that every invoice is verified before processing so that there is no roadblock in the way of getting the input tax credit. Additionally, if e-filing of return is delayed or not done, the penalty is bound to be levied. And, GST software helps you in filing a timely return. Similarly, GST-ready software is required to ensure that other areas concerning GST and accounting work effectively.

Effortless Return Filing: Return filing is the key feature of GST software. You can file any number of GST returns online and in no time using this software. For instance, a taxpayer registered in one state needs to file 25 GST returns in a year. Considering business is PAN-India, you need to file 725 returns in a year, i.e. two returns per day. Don’t you think, accomplishing this task manually is a bit difficult?

Minimal Manual Efforts: With GST invoice software, you can smoothly get rid of errors such as amount calculation, levying the right tax rate, applying various taxes in the invoice. With the respective software, your manual efforts are reduced to a minimum, due to which the scope of errors is brought down to zero. Considering the example mentioned in the above point, manually filing so many returns is not only tedious, but they also call for errors.

Simplified Invoicing: is another reason why GST software is popular amongst business persons. They have to execute a dreary task of checking the tax rate for different items, calculating taxes for each transaction, and then preparing an invoice accordingly. With the help of the proposed software, these tasks can be performed automatically.

Accountant Friendly: If the software will make invoicing simple, ease the return filing process, and reduce overall manual work, of course, every accountant will like it. Besides this, online GST accounting software also helps in the easy execution of accounting activities such as keeping track of receipts, expenses, amounts due to be received, etc. Some GST software also gives multi-currency support.

Easy Tax Compliance: GST compliance accounting software help businesses, CA Firms, and others in managing taxation-related job efficiently and as per the GST tax provisions. Variety of taxes (SGST, CGST), and the tax rate is levied as per taxation rules. You are notified for e-return filing on the due date to ensure you file the GST return on or before time.  

Time-saving & Cost-effective: GST-ready software is a time saver for all accounting professionals. It saves you from doing the same thing again and again. For example, you can save templates of invoices and make changes therein. You don’t have to put (feed) the data in return, simply import the data and filing can be done in a single click. The ‘HSN code mapping’ feature saves your time by automatically providing you with a good/service description, and you don’t have to write the same.

Avoid Penalties: Users can avoid prosecutions as well as penalties under the Goods & Services Tax regime. One can get to know about the different offenses under Goods and Services tax and avoid them accordingly. Various scenarios for prosecution can also be prevented under the Goods & Services Tax. 

Import and Export: Import as well as export invoicing details and GST returns into MS excel. Users can also export all types of software data to excel.

Useful Features for CAs & Tax Professionals: Chartered professionals can import client data in bulk and can also manage offline bills creation.

Easier Contact Settings: The best GST software helps create contacts, import contacts in bulk and collect their GSTIN information in real-time.