What is GST Software?
“One Nation, One Law“. With the latest historic move by the Indian government, Good and service tax (GST) law has been implemented across India. A simplified version of the complex tax system in India. GST is a well-organized version of the indirect taxes on goods and services by the central as well as state governments in India. The GST software is an easy-to-use accounting and invoicing system that aim to cater to the specific needs of various business organizations for tracking GST. Through the use of effective GST accounting software, businesses can easily manage their accounts, inventory, finances, purchase, sales, taxation, payroll, and various processes in an efficient manner.
The GST accounting software is an interface or an application which makes the calculation of taxes easy for the owners, warehouse operators, and transporters. GST is to be paid monthly, quarterly or yearly depending on business turnover. A GST billing software aids in an accurate calculation and helps in generation of GST transactions and invoices according to the GST format. GST software also helps in tracking and generation of an e-way bill which is to be paid when goods cross state borders. It is a tax return software that helps in calculating and filing GST returns. It ensures an easy, quick and error-free GST calculation.
Key Features of GST Accounting Software:
- Invoice Generation as per the GST standards
- E-Filing for the Returns and Return Reconciliation
- E-Payment Facility
- Tax Computation and Validation
- Client Management
- Data import
- ITC Match/Mismatch Report Generation
- Credit Management.
- Budget and Controls
Importance of GST Software:
The GST billing software or GST filing software is highly user-friendly and can be easily used by the traders for utilizing the benefits of the tax-paying system. The different activities that can be managed by the effective GST software include:
- Billing
- Purchase transactions
- Document printing
- Discounts and schemes
- Taxation reports or registers
- Completely user-friendly invoicing
- Utility management
- MIS reports
- Inventory management
- Extensive financial accounting
Characteristics of GST Software:
- Security
As one might have to deal with huge amounts of money, the software needs to ensure secure transactions. Secure GST software would protect the confidential information related to any business, avoiding any kind of compromise that might pose a threat to the business information. Therefore, the GST offers robustness not only in filing returns but also in ensuring overall data security to the business organizations.
- Multi-Platform Adaptability
To keep up with the various compliance requirements, the GST software has been enabled to function well on multiple platforms. It is easily accessible from PCs, laptops and even smart phones through the app. This tends to increase the ease as well as the speed of return filing through the online medium.
- Flexibility
Several businesses are using the ERP system and various accounting tools to manage tax filings. Therefore, your GST software should be flexible enough to integrate well with the existing system and offer a seamless experience to the users.
- Cognizance
Under the new GST regime, a normal taxpayer who is registered in one state will have to file as many as 37 returns during a financial period. The software is able to evaluate the possible events that might be coming in the way of the traders. This will ensure that no deadline is missed in the process and that the business remains up and running.
- Friendly User Interface and Reporting
The software should offer a simple user interface, the informative dashboard including various MIS reports for quick decision-making and transparency in operations. Availability of real-time information might help the business owners in avoiding over/under stocking of goods. This might save a lot of capital if operates on a minimum user interface principle.
Benefits of GST Software:
- Efficient tax filing with great ease
- Management of accounting activities
- Management of inventory
- Management of taxation
- Management of payroll activities
- Remote management in real-time
Why choosing APEX GST Billing Software????
- WINDOWS BASED
- Graphical Look & Feel
- Multi – Tasking
- Quality Laser Printing
- Dot Matrix Printer Supported
- INTERNET/MOBILE
- Report viewing on Internet
- Email/Fax/SMS of Reports and Bills
- INFORMATION
- 200+ Reports
- Information Panel in Sales/Purchase
- Stock Updation / Verification
- File Attachments
- SOFTWARE DATA
- Old Software data can be easily transferred
- Very Tight Security
- Parallel Separate Hard Disk back up
- GUJARATI LANGUAGE
- Gujarati printing of Party name & address
- Used in Sales Bill / Memo
- Package Slip Printing
- SUB DEALER/GODOWN
- Strong Sub dealer management
- Strong Godown management
- CONNECTED DEVICES
- Barcode
- PDA
- Mobile
- Fax
- Digital Camera
- Scanner
- Web Cam
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