Goods and Services Tax (GST) is a comprehensive tax system that was implemented in India in 2017. GST has revolutionized the way businesses are conducted in India. It has made it simpler and easier to comply with tax regulations in the country. GST has replaced multiple indirect taxes such as VAT, excise duty, and service tax. It has divided taxes into Central GST (CGST), State GST (SGST), and Integrated GST (IGST). Now taxation is a streamlined process for a uniform tax structure across the country.
For small businesses in India, using GST software can make it even easier to manage their finances and stay compliant with GST regulations. GST software helps business manage their sales and expenses for making detailed reports and filing GST. GST software is an essential tool for businesses to comply with the requirements of GST regulations. Maintaining accurate records is crucial under GST. With good GST software, you can keep track of sales, purchases, and tax liabilities efficiently. It ensures that your reports meet all regulatory requirements. It also drops the requirement of professional accountants or tax consultants for managing invoices and GST calculations. So, it also becomes cost-effective for small businesses. Businesses can create invoices that comply with GST regulations, calculate GST liabilities, and generate GST-compliant invoices. GST software also makes it easy for businesses to file their GST returns. So, it simplifies the whole process. GST software also helps in managing inventory, generating E-way bills, and financial reporting.
In this blog post, we will be discussing some of the best GST software for small businesses in India. If you are looking for good GST software to manage your business, keep reading.
Best GST software
1. Tally.ERP 9
Tally.ERP 9 is one of the most popular accounting software in India. It is widely used by small and medium-sized businesses to manage their finances. Most chartered accountants also use and recommend Tally accounting software. Tally.ERP 9 comes with a built-in GST compliance module, making it easy to generate GST-compliant invoices and manage GST returns. The software also supports e-way bill generation and is available in multiple languages.
- Accounting, inventory, and payroll management
- Bank reconciliation and financial management
- Statutory compliance for GST, TDS, and TCS
- Budgeting, cost centers, and scenario management
- Multi-currency support and online access
Tally.ERP 9 is available in two editions – Silver and Gold, with pricing starting at Rs. 18,000 per year.
Platforms: Windows, Linux, Mac OS, Android, iOS
Website: https://tallysolutions.com/
2. ClearTax GST
ClearTax GST is a cloud-based GST software that is easy to use and helps small businesses stay compliant with GST regulations. The software comes with features like GST invoicing, e-way bill generation, and GST return filing. It simplifies the process of filing GST returns with step-by-step guidance.
The software also allows easy import of data from various accounting software like Tally, Excel, and others. It is a cloud-based software, so you can access it from anywhere the company also keeps adding changes as per the latest GST changes. ClearTax is designed to be easy to use and it provides support for different GST forms.
- GST-compliant billing and invoicing
- Automatic calculation of GST liabilities
- Integration with the GSTN portal for filing returns
- Automated reconciliation of GSTR 2A and purchase data
- Real-time data analytics and insights
The pricing for ClearTax GST starts at Rs. 10,000 per year.
Platforms: Web, Android, iOS
Website: https://cleartax.in/gst-software
3. Zoho Books
Zoho Books is a popular accounting software that offers a built-in GST module. The software is easy to use and comes with features like GST invoicing, end-to-end accounting e-way bill generation, and GST return filing. Zoho Books also offers integration with popular payment gateways, making it easy for businesses to accept payments online. Zoho Books automates many accounting tasks, including payment reminders, bank reconciliation, and inventory tracking. It also seamlessly integrates with other Zoho products like Zoho CRM, Zoho Inventory, and more. I have personally been using Zoho books to manage our company account for years. It is available on web, mobile, and tablet. So, you can manage your business on the go.
- Accounting, invoicing, and project management
- Bank reconciliation and expense tracking
- Inventory and purchase order management
- Multi-currency support and online payments
- Automated workflows and approvals
The pricing for Zoho Books starts at Rs. 2,499 per year.
Platforms: Web, Android, iOS
Website: https://www.zoho.com/in/books/gst-software.html
4. Marg GST
Marg GST is an easy-to-use GST software that is designed for small businesses in India. The software comes with features like GST invoicing, accounting, e-way bill generation, and GST return filing. Marg GST also offers integration with popular accounting software like Tally and Busy. The software has comprehensive business management solutions, including accounting, inventory, payroll, and GST compliance. You can easily manage GST and file return. The software also has several modules customized for various industries. Marg GST works both offline and online to cater to businesses with diverse needs. It’s a full-fledged ERP solution that includes much more than just GST compliance.
- GST-compliant billing and invoicing
- Inventory and order management
- E-way bill generation and management
- GST return filing and reconciliation
- Mobile app for on-the-go access
The pricing for Marg GST starts at Rs. 7,200 per year.
Platforms: Windows, Android, iOS
Website: https://margcompusoft.com/gst-software
5. Vyapar
Vyapar is a popular accounting software that is designed for small businesses in India. The software comes with a built-in GST module that makes it easy to generate GST-compliant invoices and manage GST returns. Vyapar also offers features like e-way bill generation and inventory management. So, business can easily manage their sales and purchases efficiently. It also includes a robust inventory management features such as stock tracking, low-stock alerts, and item categorization. You can also track business expenses to it easier to manage cash flow and finances. The software and its app works offline to make it convenient for business owners to manage their operations from anywhere. The app has affordable plans to reach more small business. The software has intuitive interface and essential features.
- Invoicing and billing with customizable templates
- Inventory and order management
- Expense tracking and financial reports
- GST-compliant and e-way bill generation
- Multi-language support and mobile app for easy access
The pricing for Vyapar starts at Rs. 3,999 per year.
Platforms: Android, iOS
Website: https://vyaparapp.in/gst-software
Conclusion
Choosing the right GST software can make a big difference for small businesses in India. All of the software mentioned in this post come with features like GST invoicing, e-way bill generation, and GST return filing. However, the pricing, user interface, and additional features may differ. Before choosing GST software, it is important to evaluate your business needs and choose the software that best fits your requirements. I personally use Zoho books for my company. But, you should read about each software to check what suits your business needs.
