Top 5 GST Billing Software for Small Business Owners in India

5 User-Friendly GST Billing Softwares for Business

GST Billing Software will be the underlying necessity for any little or enormous entrepreneur after the usage of Goods and Service Tax (GST) in the nation. After first July 2017, each business will require another charging administration framework, which ought to be working as indicated by the new expense administration of India. For this, many organizations like ClearTax, Tally, and Marg Accounting has presented their new charging virtual products, which have been created totally in light of the new Goods and Service Tax rules.

In the mean time, SAG Infotech has additionally built up another GST charging programming named as Gen GST. The Gen GST has been altogether created according to the new duty rules by the Government of India. Besides, the product has been fabricated utilizing the most secure programming dialect Java (Cloud) and .NET Platform for desktop rendition while additionally having an assortment of components, which can make your charging and duty recording simple. Really, not at all like other bookkeeping and charging programming projects, Gen GST doesn’t require any expert or specialized information for utilizing it, even a typical individual with no turn in specialized learning can utilize it without hardly lifting a finger.

Give us a chance to see a portion of the vital components and their quality in the recently arrived charging virtual products.

Features Gen GST Marg GST Clear GST Tally GST Zoho GST
Creation of Masters √ √ x x  –
Auto Error Correction √ √ √ √ –
Platform Independent √ x x x –
Reverse Charges √ x √ x –
Developed in Secure JAVA Language √ √ x x √
Data Import to Billing √ √ √ √ √
Desktop & Online Version Synchronization √ x x √ –
Data Validation √ x √ x –
Handle TDS and TCS Declarations x x √ x –
Industry Specific Format √ x x x –
Indication for Loss, Min, Max, New / Old Rate & Expiry x √ x x –
Customized Reporting √ x √ √ –
Data Filtration √ x x x –
Customize Theme √ x x x –
Salesman / Route / Area Wise Bills & Reports x √ x x x
Advance Receipt √ √ √ √ √
E-Way Bill √ x √ √  –
Shipping Bill √ √ √ √ –
Total Score 15/18 9/18 9/18 7/18 3/18
 For Demo View Demo View Demo View Demo View Demo N/A

 

Accounts and Records Under GST

About  GST Records and Accounts

GST Records

Main Records and Other 

Under GST all backhanded charges (extract, VAT, benefit assets) will get subsumed into one GST, along these lines diminishing the quantity of records required to be kept up.

In our article, we have recorded the different records to be kept up and different records that organizations need to keep under GST.

For instance, under GST, a dealer needs to keep up the accompanying a/cs (aside from accounts like buy, deals, stock) –

  • Input CGST a/c
  • Output CGST a/c
  • Input SGST a/c
  • Output SGST a/c
  • Input IGST a/c
  • Output IGST a/c
  • Electronic Cash Ledger (to be maintained on Government GST portal to pay GST)

Bookkeeping Under GST

While there will be introductory move challenges, GST will get much lucidity in numerous ranges of business. One of the ranges is bookkeeping and accounting.

While the quantity of records is all the more clearly under GST, once you experience the bookkeeping you will discover it is considerably less demanding for record keeping. One of the greatest focal points a broker will have is that he can set off his information charge on benefit with his yield impose on the deal.

Read our exchanges on the bookkeeping treatment of different exchanges under GST noting inquiries on the most proficient method to record and pass sections for the between state offer of merchandise, how to record usage of information charge credit and so on.

Electronic Cash and Credit Ledger

Under this area we will talk about the system of GST re-record and how can it function. E-record or electronic record is the articulation of money and information impose credit in regard of an enlisted citizen. Once a citizen makes GST charge installment with money, check, web saving money, RTGS or NEFT the sum is credited in their separate electronic records in particular:

  • Electronic Cash Ledger
  • Electronic Credit Ledger

These two e-records are produced once Subsequent to enlisting with the normal entrance of GST called GSTN by a citizen.

Period for Retention

This area discusses the period for which the said books of records and different records must be kept up, i.e. to what extent the records should be spared by the business substance.

According to the GST law, each enlisted assessable individual required to keep and keep up books of record or different records will keep up the books for no less than 60 months, tallied from the last date of documenting of Annual Return.e Sept of following year.

Results of Not Maintaining Proper Records

This segment discusses the results on defaults if there should be an occurrence of non-support of appropriate records, disgraceful treatment in books of records and other related arrangements.