INSIGHTS ON GST:

The Goods and Services Act is levied on goods and services which are sold for domestic consumption. GST is a value added tax paid by the consumers, but is remitted by the business selling domestic goods and services to the Government. Thus, GST is a revenue source for the Government.

GST was launched with effect from 1st of July, 2017 all over India after the enactments of various laws on Goods and Services Tax, ensuring that the entire nation is brought under an unified indirect taxation system. On 7th of July, 2017, state legislature of Jammu and Kashmir passed its GST act and thereby entire nation was brought under unified indirect taxation system. Thus, GST unites the pre-existing taxes under one umbrella, aiming at tax collection efficiency, reducing tax evasion, corruption, etc.

GST SOFTWARES

After the advent of the Goods and Services Tax, a lot of chaos and confusions have been created about how the new system will work and plan out and has been still more confusing to many people. Overcoming such confusion of complexity and chaos, GST and Billing software came in the picture. And that was the turn when it started picking up the peace.

GST filing and billing softwares have turn this entire process of hassle into a pleasant experience. The tax returns can be filed directly on GSTN portal, but if you are not well acquainted with the norms, forms and the entire process, then the third party GST software for filing the returns is the ultimate cheat and easy way out for the technical aspects of the entire situation.

TYPES OF GST SOFTWARES

Two types of GST softwares are prevailed and are available in the market:

1. GST enabled Accounting Software: which aids with accounting and filing.

2. GST Filing Software: This helps only with filing, invoicing, and reconciliation.

BENEFITS OF USING A GST OR BILLING SOFTWARE:

GST Accounting Software is cloud based software, which aids in creating GST reports easily. Such software is designed for all retailers, manufacturers, and traders in just 3 simple steps.

1. Upload your outward supply

2. Vouch your inward supply

3. Vouch your monthly return

GST software provides one, digitized user friendly experience and incorporates convenience. GST software takes care of all the technicalities, like inventories, tax calculations, bills and invoices. It also makes the registration and migration of data plain sailing.

Calculating taxes on different items and varying tax rates based on transactions, is now an easy way out with the GST softwares. All you have to do is put this all on a computer screen with drag and drop ease of access, and thus GST software simplifies invoicing.

GST software is emerged aiming it to be time saving, cost effective and practically error free, letting you to be stress free.

Working on GST software ensures no threat of miscalculations or losing invoices. It helps you to manage all your data and operations with ease, allowing you to access your data anytime, anywhere.

Thus, GST software is featured to locomote the entire bookkeeping experience digitized and online.

Hence, GST has fixed a lot of problems of cascading effect of indirect taxes levied earlier on goods and services. And GST or Billing software has riveted hitches and obstacles for those who are not well versed with the technical process and filing GST returns.

BILLING SOFTWARE

Billing software is an application software that processes functional modules such as receivables, payable, trail balance and many more accounting transactions. It is well designed to process work such as billing, tracking, as well as invoices to customers for goods and services rendered or levied. Billing software helps you to send invoices in mail to the clients and also gives you the option to send the link of online payment, accessing to which clients can pay money online.

Billing software helps you run your business efficiently. It also provides sure and easy way to generate customizable invoices effortlessly. Billing software helps you to improve the billing system of your business without paying out much. The best part to get your work done from billing software is that, it provides you accurate information on all the invoices. Billing softwares can also track hours dedicated by employees to the work as well as it can track the expenses associated with projects or clients. One can easily perform the analysis and can easily measure the performance on the basis of the data entered into the system on regular basis.

SIMPLE STEPS TO USE BILLING SOFTWARE

1. NEW BILL

2. ENTER THE ITEMS

3. ENTER THE APPLICABLE TAX RATE

4. FINALIZE THE BILL

5. PRINT OUT THE BILL

6. PAYMENT RECIEPT

We know that you are looking for the advantages of using billing software as it may definitely add value in your enterprise. Whether you are a retailer, business man or a freelancer, today’s marketplace is evenly competitive and everyone here in are looking for business features which can be cost effective as well as time saving, which can grade up the productivity.

BENEFITS OF INSTALLING BILLING SOFTARE

NEAT AND PROFESSIONAL

Billing software assures you to make your invoice or bill format neat and professional. It comes in a fixed format in order to help avoid the hassle of margins, borders, and writing every single detail for each particular client.

IT’S MULTILINGUAL

Billing softwares can easily deal in many languages and currencies. With the rise in globalization, technology is constantly improving to frame “global citizens”. Users can select their preferred language and currency to operate the software. This preference can be enjoyed by both, you and your customers or clients. Hence, it removes all the payment barriers.

99.9% ACCURATE

Earlier, manual typing and generating invoices utilized a lot of man work, which are prone to errors; as humans have natural tendency to make errors and mistakes. But not anymore with the billing software which accurately calculates the total amount for you to prevent errors.

Hence, you must have got your way out that an online billing software is the right way to go as it is simple yet professional, it is secure and safe, it is also cost effective as it saves costs associated to paper, postage and much more of stationery. Digital billing is 4 times more environment friendly than manual paper billing. Most importantly, you can access it anywhere and anytime 24/7.

DON’T THINK MUCH JUST GO FOR IT!