Are you looking for GST Software to help file and bill? You've landed the right page!

A GST software is required for the government-mandated GST reporting for taxpayers and companies. It essentially provides a comprehensive solution to the GST-related procedure and compliance. I

In this article, we will look at the finest GST return filing and billing software provided by organizations for your CA business

TABLE OF CONTENTS

  1.An Overview of GST Registration Online  Who is Required to Have a GST      Registration?

  2.Who is Required to Have a GST Registration?

 3. Filing of GST Returns

  4.The Best 7 GST Return Filing & Billing Software

  5.FAQs

 6.Summing Up

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An Overview of GST Registration Online

The Goods and Services Tax (GST), which went into effect on July 1, 2017, applies to all Indian service providers (including freelancers), merchants, and manufacturers.

Several central taxes, including Service Tax, Excise Duty, and CST, as well as state taxes, such as Entertainment Tax, Luxury Tax, Octroi, and VAT, have been merged into a single tax, GST, which went into effect on July 1, 2017.

GST is levied at every stage of the supply chain, with full set-offs available. The GST procedure is online and does not involve any physical interaction.

Every product travels through numerous steps of the supply chain, which include sourcing raw materials, manufacturing, selling to a wholesaler, selling to a retailer, and finally selling to the customer.

Surprisingly, GST would be applied on all three phases. Assume a product is manufactured in West Bengal but consumed in Uttar Pradesh; the full income will go to Uttar Pradesh.

Furthermore, taxpayers with a turnover of less than Rs.1.5 crore can use the composition plan to avoid time-consuming GST processes and pay GST at a set rate of turnover.

1. What are the GST Components?

GST will include three tax components:

• A central component (Central Goods and Services Tax or CGST)
• A state component (State Goods and Services Tax or SGST), where both the center and the state would impose GST on all entities. This is when a transaction occurs inside a state.
• Inter-state transactions will be subject to the Integrated Goods and Services Tax (IGST), which will be collected by the central government. This is when a transaction occurs from one state to another.

Who is Required to Have a GST Registration?

Every firm or organization engaged in the purchase and selling of goods and services is required to register for GST. Companies with a yearly turnover of more than Rs.20 lakhs (for provision of services) and Rs.40 lakhs (for selling of products) are required to register for GST.

All enterprises that make interstate outbound shipments of products must also register for GST. The same is true for firms that make taxable supply on behalf of other taxable individuals, such as agents and brokers.

Furthermore, according to a recent statement, e-commerce sellers/aggregators do not need to register if their total sales are less than Rs.20 lakhs.

Filing of GST Returns

A GST Return Filing is a return document that provides information about the taxpayer's income. It must be submitted to the GST administrative authorities.

The document is used by tax authorities to compute a GST taxpayer's tax due. The following information must be included on a GST Return Filing form.

• GST output (On sales)
• Sales
• Credit for input taxes (GST paid on purchases)
• Purchases
• GST compliant sales and purchase invoices must be provided when submitting a GST Return.

The Best 7 GST Return Filing & Billing Software

Why get GST software? For most CA businesses this may simply and precisely calculate tax.

The appropriate GST rates are readily found under CGST, SGST, UTGST, IGST, and CESS. This cloud-based accounting software allows you to complete all of your chores on the move, saving both time and money.

Read below to pick on some amazing GST filing and billing software for your business.

Learn online GST courses from our expert:-

You may also like this:

•   What is GSTR1 and How to File it?
•   What are the types of GST in India?
•   What is an E-way Bill and how to generate E-way bill

1. The Govt GST Offline Utility

This is the software that the government provides for GST filing and billing. Downloading, extracting, and executing the Returns Offline Tool to collect and upload invoices and other data in offline mode is required to use the software services.

The tool is only accessible for the GSTR-1 and GSTR-2 forms. The returns offline tool zip file that you downloaded contains the GST offline tool, section-wise CSV data, GSTR1 & GSTR2 Excel Workbook Template, User Manual, and readme.

The file must not get corrupted, and you must check this before extracting and running the downloaded file. You must read the Readme file before proceeding with the installation.

2. The Cleartax GST Software

Cleartax is another GST return filing software that allows you to claim 100 percent ITC and save 4 percent GST. We are also a SOC 2 accredited GST Suvidha Provider with SSL compliance.

The program connects you to hundreds of ERPs and allow3s you to import data with zero errors. It is three times quicker software that saves you two man-hours per GSTIN every month.

It is an AI-powered program that matches 6000 invoices in a minute and obtains 100% tax credits. Cleartax GST return filing software is the most secure tax filing software available, and it leads in GSP with SSL, SOC 2, and ISO certifications.

It delivers accuracy with multiple validations on every procedure, and over 60 professionals examine it.

The program includes 25+ smart analytics reports that you may select based on your needs. They also handle the entire GST filing procedure to ensure a smoother process.

Since this program is a cloud-based platform, it can be accessed from home or the workplace using any device and login credentials. You may select between ou       r online and desktop apps based on your needs.

3. The Gen GST Software

SAG Infotech Private Limited, based in Jaipur, created the Gen GST software, which is available in both desktop and online versions. It allows an infinite number of clients to file an unlimited number of returns.

The desktop and online versions of the GST filing software are built on the java programming language, which keeps your tax information safe and secure.

The GST return software, which includes billing returns filing and the e-way bill, can function in any operating system, revealing that the only thing you need to do is install the program and it will be ready to use on your computer.

There is currently a necessity for numerous GST returns to be filed every year, which accounts for GSTR 1, GSTR 3B, GSTR 4, GSTR 5, GSTR 5A, GSTR 6, GSTR 7, GSTR 8, GSTR 9, GSTR 9A, and GSTR 9C, making the jobs tough.

Thus, to overcome the faults in the returned software, it is designed in accordance with government regulations.

Previously, the CBIC had begun the GSTR 9 (Regular Taxpayers), GSTR 9A (Composition Taxpayers), and GSTR 9C (GST Audit Form) towards submitting the yearly return for all types of transactions subject to CGST, SGST, and IGST.

General GST allows for the submission of all GSTR forms, which include yearly return forms.

4. The Zoho GST Software

Zoho GST includes a variety of capabilities, including end-to-end compliance, such as beginning your GSTR1/GSTR2/GSTR3, analyzing your tax liabilities, including input tax credits, and filing your returns.

Zoho GST is linked to the GST law and can help you stay GST-compliant. Another feature where Zoho GST simplifies reconciliation is the seamless agreement, which instantly matches your purchased transaction from your GSTR 2 to your seller’s GSTR 1.

All you have to do is accept transactions that do not match the GSTN.

To secure cloud filing, we employ OTP authentication when uploading transactions to the GSTN and digital signature verification while uploading GSTRs, so you can rest and be certain that your GST filing procedure is secure.

We keep track of the total tax amount you have paid to the government in our cash summary and the input tax credit available to you in your ITC summary in our comprehensive reports.

As a result, you’ll be aware of all the crucial data about your taxes. However, with Collaborate online, you may provide your CA role-based access to certain modules and authorize authorities to see or update data.

However, you may assign responsibilities to your users or create bespoke ones.

5. The Marg GST

Marg GST is another GST software services provider that allows you to produce GST-compliant invoices, track invoice payments, follow-up, and be paid faster. Increase your speed by 40% with the use of shortcuts and barcodes.

It assists in the creation of GST invoices and the submission of transactions to the GSTN site in Excel, JSON, or CSV format, as well as the filing of GSTR 1, GSTR 2, GSTR 3B, GSTR 4, and GSTR 9. Marg GST easily reconciles GSTR 2A without registering into the GST system.

You may get the GSTR-2A form from the program, which automatically purchases bills and matches them in the Marg software.

There is no need for manual data entry because all information can be imported and exported with a single swipe. On the Balance Sheet, you may view the account balance, Account History, Invoices, Quotations, Payments, and Alerts.

The program supports e-invoicing, which allows you to electronically submit B2B transaction invoices validated by the Invoice Registration Site (IRP) of Registered Party’s Credit & Debit Note on the GSTN portal.

Marg GST works with software that evaluates information for errors and alerts about internal audits. It does verify the GSTIN of the providers to provide an error-free return.

6. The QuickBooks GST

With its fundamental GST function, this GST filing software allows you to easily engage with compliances. It generates GST invoices for Fastrack payments and generates return reports to ensure tax compliance throughout the year.

You may also get tax and accounting data in less than a minute with this Quick Books program. You can stay on top of your tax obligations with easy access to GST reports from a variety of devices, and you’ll never miss a tax deadline again.

When you add HSN/SAC codes to your items and services by selecting appropriate codes in Quick Books, you can then submit HSN/SAC codes altogether by importing data using an example template.

However, under Auto discover Tax Rates and Calculate Taxes, you can locate GST rates in QuickBooks and automatically calculate your tax due. Here, you may precisely determine tax payable and avoid tax filing errors to make tax payments on time.

You may also save time and get more done by integrating Quick Books with a variety of third-party apps. Where you can eliminate manual data input and effortlessly manage projects, clients, payroll, and so much more.

7. ProfitBooks GST

For your enterprises, the organization offers GST Return filing services. It is just inconvenient for small businesses to file their taxes regularly. A taxpayer needs additional time to file monthly GST returns.

Furthermore, the government’s tax revisions make it more difficult to file taxes. This is why they began offering GST return filing services. Our accountants can handle your tax return filing so that you can stay focused on your business.

The program allows you to create effective invoices in GST format and manage finances without any accounting experience.

ProfitBooks GST filing software enables you to create professional quotes or invoices and track overdue payments with a few mouse clicks, ensuring that you do not miss any payments.

This program allows you to accept internet payments. This includes features like credit/debit cards, online banking, and even wallet payments from your consumers.

Your payment is automatically collected in your account, and the entries are sent on their own. Profit books make monthly GST return furnishing easier, from uploading sales to purchasing reconciliation.

The firm will help you with every stage of your GST return filing; look for free training videos and guides.

FAQs

What is the best software for GST?

Here is some amazing GST software for your ease.

• The Govt GST Offline Utility
• The QuickBooks GST
• The Cleartax GST Software
• The Gen GST Software
• The ProfitBooks Software
• The Marg GST

What are the most recent GST changes?

Except for a few announced exceptions, the time limit for completing any GST compliance that falls between the 15^th of April 2021 and the 29^th of June 2021 has been extended to the 30^th of June 2021.

A new GST amnesty system has been implemented to rationalize late costs for failure to file a GSTR-3B return on time.

Summing Up

GST has placed a significant load on Chartered Accountants as well as corporate organizations due to the numerous compliances that it entails.

As a result of the increased need for CAs, it is critical to obtain superior GST programming for Chartered Accountants to empower their task.

This article has been put together to assist you in thriving in your CA business by using the greatest software.

Let us know which software helped you the best, in the comments down below.