The Goods and Services Tax (GST) was introduced in India on 1st July 2017, subsuming all other forms of indirect taxes. The GST has now become a unified tax regime mandatory for registered businesses with a turnover of Rs. 40 lakhs (for goods) or Rs. 20 lakhs (for services) and above.
Businesses that are required to file their GST returns have to do so either monthly or quarterly depending on the type of business they operate. Moreover, an annual GST return is also required to be filed in due time.
The computation of GST returns, filing and reconciliation is a full-time affair. That is why the GST software has been developed and launched to assist businesses, especially MSMEs, to prepare and file their GST returns. These software are simple, effective, accurate, and, above all, cost-effective. Businesses can integrate the software into their systems and track their GST liability correctly.
In India, there are a host of GST software available in the market. If you are looking for one, here is a list of the 10 best options that you can consider. All these software are competitively priced while many of them also allow free trials. Have a look –
KYSS
KYSS is a dedicated software for the identification and resolution of GST related issues and concerns. You can access the KYSS platform online without the need of downloading the software. The features of KYSS include the following –
- Easy sign-up with your GSTIN number, mobile number and email ID
- Upload the details of your suppliers and purchases for a quick GST reconciliation
- Automated facility for data gathering, bulk supplier data and report generation
- Data-driven insights are used to assess the GST profile of your suppliers
- Assistance in claiming full Input Tax Credit by identifying suppliers who have not filed their GST returns
ClearTax
A leading accounting, taxation and billing platform, ClearTax allows businesses to create GST compliant invoices. It is a cloud-based software that has the following salient features –
- Audit trail and inventory management
- Track multiple MIS reports
- Generation of e-way bills
- Automated GST return preparation
- GST return filing in a single click
- Possibility of linking multiple GSTIN within the software
Zoho Books
Zoho Books is a simple-to-use accounting software that helps small businesses with their GST returns as well. The salient features of this software are as follows –
- MSME’s can accept card payments with the software’s API and also create customized invoices
- Multi-language and multi-currency invoicing
- Integration with digital payment gateways and acceptance of online payments
- Facility of simultaneous usage across multiple users
ProfitBooks
ProfitBooks offers its GST software in two versions. Each version is priced differently and helps businesses with their accounting needs and GST compliance. The features of ProfitBooks GST software are as follows –
- Complete monitoring of payments and accounts receivable
- Automated calculation of Input Tax Credit and GST filing
- Tutorials for beginners and online chat support for any queries, feedback or grievances
- Monitoring the transfer of inventory in warehouse
- Consolidating all purchase records on one platform
HostBooks GST
HostBooks offers a cloud-based GST software that can help in billing and return filing. The software is priced at Rs.3999/year and it helps you comply with all the GST norms. The salient features include the following –
- Multiple GST return filings in one software. File GSTR – 1, GSTR – 1A, GSTR – 3B, GSTR – 4 and GSTR – 9 from a single platform
- Avoid errors by getting updates on invoice mismatch and automated data validation
- Creation of invoices along the lines of statutory guidelines and industry-specific billing
- Track inventory and generate complete business reports using the software
- Data migration from Tally or any other accounting software
- Save data across multiple companies and use the software for easy import and export of data
Vyapar
A leading GST billing software, Vyapar helps with billing, invoicing and GST return filing. Suitable for MSMEs, Vyapar offers an easy-to-use software which can be effortlessly integrated with the business systems. The features of Vyapar are as follows –
- Accounting and inventory management modules
- Generation of GST-compliant bills which can also be shared with customers
- Easy tracking of sale and purchase orders
- Creation and use of delivery challans for tracking your consignments
- Pricing modules can be selected from monthly packages to a lifetime package
Sleek Bill India
Sleek Bill India is a leading name in the accounting and GST software market. The software helps you with invoice creation as well as GST return filing in a hassle-free manner. The salient features of the software are as follows –
- Advanced invoice creation with GST integration
- Automated GST calculations for estimating your GST liability
- Generation of MIS reports and data back-up
- Create customised bills reflecting your brand image
- Different pricing plans to choose from depending on the needs and uses of your business
QuickBooks
QuickBooks also offers a cloud-based accounting software that helps your business with both accounting and GST return filing. The features of the software are as follows –
- Creation of GST compliant invoices
- Monitoring of Input Tax Credit on purchases to file correct GST returns
- 30 days free trial and affordable annual subscription fees
- Online banking integration and WhatsApp support
- Complete data security
Gen GST Software
Gen GST offers a comprehensive software conversant with multiple GST modules. It offers accuracy and speed in GST filing along with the following salient features –
- The software works on an independent platform and protects your business data with the highest standards of security
- Income tax calculations are also supported by the software besides GST filing.
- Get regular updates and alerts for any mismatch or incorrect accounting
- Automatic data reconciliation
- File monthly and annual returns through a unique client authentication technology
- E-file returns of multiple clients with a single software
EASYGST
The EasyGST software makes GST accounting easy for Chartered Accountants, companies as well as tax consultants. Trusted by thousands, the features of the software are as follows –
- Preparation of audit report and annual GST returns
- Ease of GST reconciliation with no margin of error
- Different pricing plans to suit the needs of your business
- Verification of bulk GSTIN with a single click
- Direct downloading of different types of GST forms
- Facility of importing and exporting data
- Get a detailed analysis report of your business
All these software ease up the GST compliance norms for the business. You can select any of these leading softwares, integrate it into your systems and watch your GST returns getting simplified. Who said that GST has to be a difficult job? With the above mentioned softwares, business accounting just got easier!
