Best GST Software

List of the best GST software solutions are Zoho, SAG Infotech, ClearTax, myBillBook, Tally, and GSTHero. GST accounting software for return filing enables an organization to manage taxes in one system and helps to securely return filing with calculated tax automatically per the applicable GST rates.

Live Agent - Tejasvita Domadiya
Live Agent - Divyang Kansara
Live Agent - Manali Shah
Get Free Demo

No Cost Personal Advisor

List of 20 Best GST Software

Showing 1 - 20 of 156 products

Category Champions | 2024

Zoho Books is online accounting software that is GST Compliant and it provides a customized service for your business. Without any additional charges, This GST software allows smooth collaborative work amongst accountants and employees. Free trial available. Read Zoho Books Reviews

Category Champions | 2024

TallyPrime is the leading business management software for GST, accounting, inventory, banking, and payroll. TallyPrime is affordable and is one of the most popular software for return filing, used by nearly 20 lakh businesses worldwide. Read TallyPrime Reviews

Most Reviewed

Top GST Return Filing Software in India

myBillBook is India's #1 invoicing, GST billing, accounting & inventory management software for small & medium businesses. Grow your business with the best invoicing software. Paid plans start from Rs.34 per month. Read myBillBook Reviews

Category Champions | 2024

Simple and affordable best GST software

Vyapar GST software is the simplest GST-ready accounting, invoicing, and inventory management software. It is extremely user-friendly and has a range of innovative features that help businesses automate functions to drive efficiency. Read Vyapar Reviews

Category Champions | 2024

EasyGST is the best software for GST return filing, invoice, and ITC Reconciliation in India. EasyGST software is trusted by thousands of chartered accountants, tax professionals, and corporate users. Read EASYGST - GST Return Filing & Reconciliation Reviews

Category Champions | 2024

GST enabled Marg software helps to manage taxation requirements for large enterprises. This online GST filing software provides key advantages such as customization, and reports which makes it a complete tax compliance software. Read Marg GST Software Reviews

Contenders | 2024

Xero is a very bookkeeping software to make the life for small business with GST in the software. GST is important of calculation automation for part of BAS submissions and easy to making track and manages Goods Service and Tax with the transparent view of transactions. Get free demo now. Read Xero Accounting Reviews

Category Champions | 2024

Online GST Ready Software for Small Businesses

QuickBooks is one the best GST software solutions that enables small businesses to streamline and automate all their accounting, invoicing, inventory management, and project management requirements. It’s available as a web-based version, desktop app, and mobile app. Read QuickBooks Online Reviews

High Performer | 2024

GST Return Software for Small and Medium Businesses

BUSY is a GST-ready software for small and medium businesses. It has been empowering SMEs across geographies, industry verticals & customer segments like FMCG, Retail, Trading, & Service by helping them manage their business efficiently. More than 6,00,000 businesses trust it in over 20 countries. Read Busy Accounting Reviews

High Performer | 2024

GST Return Filing Software with Inventory and Accounts

Simple GST compliance software with complete inventory and accounts modules. It's fast, efficient, and easy to maintain, ideal for businesses that need to manage thousands of invoices and deal records. Used by distributors, retailers, or small manufacturers. Read Horizon ERP Reviews

Category Champions | 2024

Reliable Online GST Return Filing Software in India

Giddh is the best GST software for small and medium-sized businesses. It’s best suited for retailers, wholesalers, and other brick-and-mortar store owners. Key features of this GST tool include accounts payable & receivable, accrual accounting, asset accounting, and bank reconciliation. Read Giddh Reviews

Best GST Return Software for Professional CA

One of the super easy GST-compatible online software for small and medium businesses. You can enroll for our 14-day free trial. You don't need prior account knowledge to use it and you can generate several reports including GST reports. Read Smaket Reviews

Easy to use GST System Software

Ankpal software is a comprehensive tool designed to streamline and simplify GST (Goods and Services Tax) compliance for businesses. With features like invoice generation, tax calculation, filing support, and reporting, Ankpal helps businesses efficiently manage their GST requirements, ensuring compliance and minimizing errors. Read Ankpal Reviews

High Performer | 2024

Best GST Software for Small Business

ProfitBooks is a simple and fast business GST accounting software for small business owners in India. It lets you create beautiful invoices, track expenses and manage inventory without any accounting background. Read ProfitBooks Reviews

Contenders | 2024

Cloud-Based Solution for GST Return Filing

Swipez Billing is a cloud-based GST software solution that lets you handle bills, payments, invoices, customer data, and more from a single dashboard. Key features of this GST return filing software include a billing portal, multi-currency, payment processing, project billing, and tax calculation. Read Swipez Billing Reviews

One of the Best GST Software

CaptainBiz is the best GST software for return filing that helps you simplify your accounting and tax operations. This best GST management software allows you to create customized invoices and send them to your customers. It also helps you manage your inventory in real-time. Read CaptainBiz Reviews

High Performer | 2024

Easy-to-Use GST Return Software for Small Business

Saral is the best GST compliance software in India for simplifying the billing, accounting, and return filing process for business. Easy-to-use online GST software has helpful features that enable small business owners to stay on top of their accounting and tax requirements. Read Saral GST Reviews

Seamless GST Return Filing Software

HostBooks GST simplifies the process of working on GST with the effortless filing of returns & easy reconciliation of the mismatches. It reduces the compliance time by at least 50% and cuts down the cost by half. Hence, HostBooks enhances your efficiency by leaps and bounds. Read HostBooks GST Reviews

Easy to Use and Best Software for GST Return Filing

Swipe - Billing software is a user-friendly solution tailored for businesses to effortlessly manage billing and GST compliance. With its intuitive interface and robust features, Swipe simplifies invoicing, tax calculations, and filing processes, empowering businesses to stay organized and compliant with ease. Read Swipe - Billing Reviews

Offers Get 20 % Off

Emergents | 2024

Software by Reach Accountant

One of the Best GST software for small and medium businesses in India. The best GST software for professionals makes taxation much more accessible and supports business owners in any type of business, such as sales services, manufacturing, trade, etc. Read Reach GST Reviews

What is GST software?

GST software is a tool that enables organizations to manage GST compliance and ensures that businesses adhere to mandatory national and state tax systems like VAT, service tax, excise duty, etc.

GST software helps organizations simplify the hassles of filing returns and generating GST invoices. Utilizing effective GST software can aid businesses in managing their finances, accounts, inventory, purchase, sales, payroll, taxation management, and other processes efficiently.

What are the Benefits of GST Software Solutions?

The GST software in India has been a book for business owners and service providers who would not know how to handle the new taxation process without the billing software. Listed below are its advantages:

Benefits of GST Software

  1. Efficient Tax Filing with Great Ease:

    Accounting, finance management, different tax calculations, filing tax returns, and billing can be daunting tasks. Proper and accurate tax filing is imperative for a business to avoid any unwarranted problems in the future. A user-friendly GST return software makes tax filing feel like a walk in the park and aids in the accurate and fast filing of taxes and returns.

  2. Management of Accounting Activities:

    It enables both cash and cashless accounting. It allows easy printing of professional invoices to be sent to the customer. It helps to keep track of receipts, expenses, and paid and unpaid invoices to generate estimates. It defines GST rates according to the products and helps with sales orders, debits, and credits. Some software also offers multi-currency support.

  3. Management of Inventory:

    The best GST software allows the management of business inventory. It helps to keep track of the list, send invoices, and place orders for products depending on their requirements. It allows the entry of stock issues and wastage as well. Some software even has a barcode scanner that helps efficiently manage the inventory. It also helps generate various reports like sales inventory reports, service reports, items in inventory reports, and the movement of products reports.

  4. Management of Taxation:

    With all the tax rates being predefined, one just has to put down the products and select appropriate tax rates, and the software will help calculate all GST returns, refunds, and taxes, such as CGST, SGST, and IGST. It is also designed to add any other extra rates and penalties, thus making tax management easier. 

  5. Management of Payroll Activities:

    The payroll system is crucial for business and employee relations. Timely payments are vital for financial trust. The new GST software streamlines payroll, making it easier for business owners. It helps generate automatic payrolls with all the taxes and other things added automatically and helps create fast and accurate invoices.

  6. Remote Management In Real-Time:

    Customize GST compliance software for various industries like Retail, Restaurants, automobiles, Apparel, etc., to suit specific needs and rates. This solution aids distributors in categorizing sales, increasing retail profit margins, and managing invoices and inventory efficiently. Real-time reports enable tracking business operations from any device, ensuring seamless workflow management with GST return software.

What are the Key Features of GST Software?

Seeing the importance of the GST software in India, many business organizations and traders have already adopted the implementation of the GST system software for a smooth tax-paying experience. In addition to the ease of paying the GST, business organizations also benefit from its essential features. Here are some of them:

Features of GST Software

  • Invoice Generation as per the GST Standards: Business organizations can prepare a proper GST tax invoice format for their taxation and other financial records that abide by the GST standards. It helps businesses' inadequate regulation of their income and expenses.

  • E-Filing for the Returns and Return Reconciliation: Now, business owners do not need to rush to the concerned official building to file their tax returns. There are many types of GST returns With the help of the GST return filling software solution, it can all be achieved with a one-step e-filing of the returns and return reconciliation.

  • E-Payment Facility: To top it all, the GST solution also offers the ease of paying tax returns through the e-payment facility. It is a hassle-free process to make the payment online securely.

  • Tax Computation and Validation: All the computations are done on the GST computer systems and are entirely validated.

  • Client Management: The top GST software also offers the ease of effective client management for business organizations.

  • Data Import: The data relevant to the organization’s purposes can be easily imported with the help of specialized software.

  • ITC Match/Mismatch Report Generation: If there is any trouble or mismatch in the ITC filing, then the GST accounting software creates the proper report.

  • Credit Management: The GST software can help minimize debt and improve the overall cash flow of the business by allocating varying GST credit limits to different parties.

  • Budget and Controls: Business organizations can efficiently utilize the funds and can control the overall expenditure.

What are the Essential Characteristics of a Good GST Software?

Essential Characteristics of a Good GST Software

  • Security: As one might have to deal with vast amounts of money, the software must ensure secure transactions. Secure GST software would protect confidential information related to any business, avoiding any compromise that might threaten the business information. Therefore, the GST offers robustness in filing returns and ensuring overall data security for business organizations.

  • Multi-Platform Adaptability: Functioned well on multiple platforms to keep up with the various compliance requirements. It is easily accessible from PCs, laptops, and even smartphones through the app. This tends to increase the ease and speed of return filing through the online medium.

  • Flexibility: Several businesses use the ERP system and various accounting tools to manage tax filings. Therefore, your GST return software should be flexible enough to integrate well with the existing GST computer system and offer a seamless experience to the users.

  • Cognizance: Under the new GST regime, an average taxpayer registered in one state will have to file as many as 37 returns during a financial period. The software can evaluate the possible events that might be coming 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 and informative dashboard, including various MIS reports for quick decision-making and transparency in operations. The availability of real-time information might help business owners avoid over/understocking of goods. This might save a lot of capital if it operates on a minimum user interface principle.

What are Different Types of GST Software for Different Buyers?

Different TRypes of GST Software

A) Small Business Owners:

Small business owners do not typically need significant GST filing software with extra features. They would require a solution that does its work to the point without beating around the bush.

1. Sleek Bill is the best GST software explicitly catering to the needs of small businesses. It has a fast mechanism and offers many features like stocks, tax management, and multiple invoice generation. The other parts are:

  • Online Integration with banks
  • Inventory management
  • Free software to design invoices
  • Handles payments and accounts

2. ProfitBooks is a GST software for small businesses that allows the creation of invoices, management expenses, and inventory without specialization and accounting background. Key features are:

  • Strong multi-layered security
  • Email and SMS notification
  • Management of customers and suppliers
  • Backing up of data

3. Reach Accountant is an advanced business automation software that stores all the information in the cloud. Not only does it help in billing and tax calculation, but it also provides good customer service. It has an excellent workflow, tracks employees, and gives real-time updates. It has an easy implementation process and can be operated from desktops, laptops, and mobiles, thus, making it easy for users to work from anywhere. Some of its key features are:

  • Automation of business
  • Bank synchronization
  • Creating invoices
  • Accounting
  • Email management

B) Medium Business Owners:

1. Zoho Books is one of the best GST software in the market. It is tailor-made for medium-sized businesses and provides simple and cost-effective GST and accounting solutions and features like:

  • Barcode integration
  • Multi-currency compatibility
  • Email integration
  • Billing, invoicing, and expense tracking

2. QuickBooks is another GST system with efficient navigation, automation, and high security, making it apt for medium-sized businesses. Some of its essential features are:

  • Accounting in the cloud
  • Desktop and mobile application
  • Report generation
  • Allows multiple users
  • Free customer support

3. TallyPrime GST accounting software is one such software that provides solutions for enterprises. Its simplicity, accuracy, and user-friendliness have made it one of the best in business. Its key features are:

  • Advance payment handling
  • Error-free GST returns computation
  • GSTR-1 and GSTR-3B form support
  • Outstanding reports for traders

C) Large Business Owners:

1. EasemyGST is a cloud-based GST software for enterprises. It has a full tax management feature that helps generate new GST invoices according to rules and file GST returns. This GST filing software enables efficient accounting and tax management along with the following features:

  • Data security
  • CA to help GST compliance and tax filing
  • Multiple GSTIN management

2. Clear tax is the best software that automates billing and accounting. It caters to all types of small, medium, and large organizations. It also helps in the generation of an e-way bill. Some of its unique features are:

  • Easy ERP integration
  • Dedicated support and accounts manager
  • Automatic data import
  • Online and offline mode
  • No manual data entry
  • Imports from Tally and Busy

E-Way Bill in GST: All You Need To Know

A) What is Meant by the E-Way Bill?

Eway bill is the acronym for electronic waybills and is generated for the smooth movement of goods through the Eway bill portal. A GST-registered operator cannot transport goods whose value exceeds Rs 50,000 in any vehicle without possessing a valid Eway bill authorized through ewaybillgst.gov.in.

Many technological platforms, such as GST and tax return software, help organizations generate valid E-way bills. Investing in advanced GST E-way bill ERP software is a good choice for organizations as it enhances operational efficiency through the seamless generation of E-way accounts.

B) When and Who Can Generate an E-Way Bill?

When & Who Can Generate an E-Way Bill

GST invoice software can help any company generate an Eway bill automatically when there is a planned movement of goods in a conveyance, and the value of goods is higher than Rs. 50,000 either in each invoice or aggregate of all invoices:

  • About a supply
  • For reasons other than supply (e.g., return)
  • Due to an inward supply from an unregistered person

The following parties are authorized to generate an E-way bill:

  1. Register Person: E-way bill can be easily generated when a movement of goods exceeds Rs. 50,000 by a registered person. A registered party or transporter may choose to produce an Eway bill through the E-way bill software or GST system even if the value of the goods is below the limit of Rs. 50,000.

  2. Unregistered Person: GST software is an excellent platform to help even unregistered parties generate a valid Eway bill. When a supply is made from an unregistered person to a registered person, the receiver must ensure that all the compliances are met. GST invoicing software can help managers overcome any hurdles.

  3. Transporter: GST tax software can also be used by transporters carrying goods by rail, road, and air, as they must generate an authorized E-way bill.

GST compliance software is a revolutionary tool that automates and streamlines the entire process of generating Eway bills; hence investing in a sophisticated GST return software is highly recommended for organizations that deal with a frequent heavy volume of goods movement.

C) How Can GST Software Help the Generation Of Authorized E-Way Bills?

GST invoice software is an innovative and automatic solution that can help generate E-way bills in large quantities. The best aspect of GST return software is that it is a user-friendly tool that can significantly reduce organizations' legal compliance burden.

Getting software is a wise decision as it can help in generating E-way bills in the following ways:

  • GST tax software enables new system users to sign up with the E-way bill generation portal.

  • GST return software can add multiple users to generate an E-way bill per organizational requirements.

  • GST invoice software helps in documentation management and fills in the correct details to generate a valid E-way bill.

  • GST tax software assists in the printing and storing of E-way bills for future reference.

How to Choose the Best GST Software?

With many GST system software available in the market, one should select the software based on the needs and size of the business. There are several factors to be taken into consideration before purchasing a software for your organization. They are:

Selecting the Right GST Software

  1. Online and Offline Mode:

    Choose between online or offline GST software based on your business needs. Online software offers secure cloud storage, easy access, automatic updates, and government compliance. Offline software lacks continuous updates and may compromise security compared to online options.

  2. Security:

    When buying top GST software, its security features must be thoroughly examined and ensure that the data is in safe hands. In offline versions, one should consider whether the software is equipped with proper features to prevent hacking and virus attacks.

  3. Features:

    When choosing software for GST, ensure the income tax software meets business needs. It should offer easy user registration, simplify GST processes for accurate tax calculation, and generate invoices in preferred formats. The system must track business processes, expenditures, and returns, manage accounts, handle inventory, track goods movement, and handle supplier/customer relationships. Additionally, it should manage employee salary payments and support transactions in different currencies.

  4. Integration:

    Integrating the product with the current enterprise resource planning and accounting systems should be smooth and easy. It should also be able to integrate data from multiple sources. 

  5. Scalability:

    Before choosing GST software, consider your business size and needs. Don't be swayed by fancy features; assess if the software truly aligns with your requirements. Some software may struggle to handle increased data and fail in calculations as your business grows. Thorough research is essential to ensure the software can effectively manage your evolving business demands.

  6. Complexity:

    Choose a straightforward GST software to avoid complex return filing and calculations. Request a demo to assess user interface, usability, and ease of understanding. User-friendly software can save costs on hiring a chartered accountant.

  7. Software Customization:

    Good software must be easily customizable and accommodate your business needs rather than adjusting as per the software. The GST system software should be able to fit the needs of the business in case it grows. It should not take a lot of time for initiation and waste your time on its working.

  8. Customer Support:

    Since the GST and the whole taxation system are still new and in their implementation phase, not many people will be fully aware of some associated terms. So, the GST tool must have a strong customer support unit that will be able to support the smooth usage of the software.

  9. A Complete Solution:

    The software bought by you should be a complete package of accounting and taxation solutions, as using different software for different things causes many integration problems and confusion. It reduces the efficient running of a business and is cumbersome. A GST system software with a complete solution will improve money management and your business workflow drastically. 

  10. Cost:

    Cost is one of the most important factors when buying software. It is a common notion that more expensive software operates better, which is entirely wrong. The software must be decided based on your business needs and size. A small business will not need expensive software. The price spent on the software should suit the company and be worth it.

Challenges in the Implementation of the GST System Software

Like any enterprise, the software can be challenging to implement. Though you can easily overcome these challenges, they can make a big difference in your GST software implementation. Let's delve into some common challenges you may face during the software implementation.

Challenges in GST Software

  1. Length of Time:

    If you buy an on-premise GST system software, its implementation process will be lengthy and time-consuming. For some robust systems, the implementation process can even last for months. This will disturb your day-to-day workflow. Implementing a cloud-based GST system is the key to dodging this obstacle. Cloud-based solutions don't require manual installation; you can get them up and running almost instantly.

  2. Change in Business Operations:

    Your staff is used to working without GST software. Adopting a new system will suddenly be a challenge for your staff. Conducting business as usual, migrating to a new GST computer system, and learning to use it can be too much for your team.

  3. Consistent, Adequate Training:

    You'll need to train your staff to use the GST software. Unless you have IT professionals, your employees will have difficulty figuring out how to use the new tool. Therefore, you will need to conduct appropriate training sessions to ensure all the desired employees know how to use it.

  4. Burdensome Data Migration:

    Arguably, data migration is the biggest hurdle for GST implementation. Let's say; you used a standard accounting system before implementing the new software. Your existing tool would have years, maybe decades, of data that your staff will need to transfer manually to the new system. 

  5. Lack of Support:

    Most GST software solutions lack ample support. In the case of on-premise software, you'll likely not receive free support beyond the implementation phase.

Latest Market Trends in GST Software

The introduction of GST software has changed the way accounting systems work. Here's a quick look into the latest market trends in GST software.

Trends in GST Software

  • Integrated Accounting: Businesses need periodic and accurate reporting. With modern-day GST software solutions, accountants and business owners generate financial reports quickly and precisely. This provides a transparent view of cash flow and profit/loss, which catalyzes intelligent decision-making.

  • Seamless GST Compliance: During the day, accountants had to calculate and file GST returns manually. Not only was this process tedious, but it was also prone to human error. GST systems have automated GST filing and invoicing, helping businesses stay compliant.

  • Data Privacy and Security: Cloud-based GST software is on the rise, and rightly so. They are cost-effective, easy to implement, and seamlessly scalable. However, data security was a major concern for users of online GST systems. This concern diminishes as GST software vendors implement enhanced data privacy and security features. Some advanced security capabilities include multi-factor authentication, encryption, and synchronization configuration.

Related Research Articles:

FAQs

The GST software price range is Rs.500 to Rs.25000, depending on the number of customized features, including the number of users, security, support, and various services the vendor offers.

Implementation shouldn’t take more than seven days if you don’t require many customized features.

The GST replaced all current central and state taxes on businesses, including the Central Sales Tax (CST) and the Value Added Tax (VAT).

The HSN code stands for “Harmonised System of Nomenclature,” It is used to classify goods and services under the GST regime. This unique numbering system allows for the easy identification of products and their classification under different headings.

Yes, the full-featured GST software for professionals includes invoicing and billing functionality, allowing businesses to generate invoices in compliance with GST regulations.

Software development is categorized as a service under the GST, but any software that is physically included as information technology software—whether branded or custom—must be registered as goods under the Customs Tariff Act under the HSN code 8523 80 20. Software sold in physical form is likewise subject to an 18% GST rate.

Last Updated: February 28, 2024