How to choose the best GST software? Best 5 GST software in India
How to choose the best GST software in India?
GST (Goods and services) tax has changed the face of business in India. GST is expected to increase revenue, reduce compliance burden, boost trade and reduce tax evasion. GST ushers in a unified and integrated tax system instead of the previous multiple tax regime, which had a cascading tax effect.
Buying GST software has become necessary for businesses. Many companies offer GST solutions in the form of proprietary software or cloud computing systems. One can choose the best software based on their business needs
Why GST software?
- With rollout of GST, registration of all businesses have become mandatory
- With GST registration, you could easily grow your business
- Tax filing with greater ease
- GST software provides transparency in business. Reduces scope for tax evasion
- Remote management in real-time
What can GST software do?
- File GST returns
- Create invoices
- GST billing
- Maintain Sales and purchases order
- Managing inventory
- Client management
- ITR filing
- TDS filing
Characteristics of good GST software
- A good software should be secure and hack proof. It should protect the confidential information of customers and clients
- Should be flexible enough to integrate with existing systems
- Incorporate friendly user interface
- Should be good value for money
Tally ERP 9
One of the most well-known accounting software. Economical as well. Priced between Rs 20,000 to Rs 65,000 per year based on number of users.
Features:
- Invoice
- Sales managament
- Inventory management
- Investment
- Product database
Zoho Books
One of the best and cheapest software for small business. Priced at Rs 2,500 per year. It is a cloud based mobile app. It incorporates anti-virus features
Features:
- invoicing
- Monitor inventory levels
- Generate business reports
- File GST returns
Users can avail free trail as well
Quick books
Similar to Zoho. It is a cloud based mobile app. Can be used for bookkeeping and filing tax. Incorporates a simple, user friendly interface
Priced at Rs 5,000 per year
Profit books
Another quality software for GST management.
Features:
- Invoicing and billing
- Inventory management
- Sales orders
- Multi-currency invoicing
- Vendor management
- Balance sheet
Marg ERP 9+
It is a complete ERP solution that can handle business management including GST very well. Basic edition starts at Rs 7,200 with premium edition at Rs 36,000 per year. Incorporates features for eCommerce stores.
Features:
- Sales and Distribution
- eCommerce-Online Store
- Sales management
- Purchase management
- Supply chain management
