Which Accounting Software are GST Compatible in India?

GST (Goods and Services Tax) will be implemented in India on the 1st of July, 2017. Which accounting software are GST compatible?

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Answer
Amit Roy
Amit Roy
  • Answer written
  • 1 Year ago

LegalRaasta's GST Software :- In comparison to government utility and other software, LegalRaasta GST software is extremely easy to understand and operate. Government utility has countless fields and complex Json upload process. It doesn’t even provide reconciliation. One has to keep looking for instructions to understand about each column.

  • Their GST software does automatic reconciliation almost instantly and notifies mismatches thus saving a lot of your time.
  • They have broken down the complex process of GST return into a series of tabs and windows. Their software also provides tool tips and videos making it a simplified and time saving solution for GST filing.
  • It has an excel-like interface with step by step process which helps you to navigate back and forth easily unlike the tangled and confusing government system.
  • You can directly import from excel or your ERP solution (Tally, SAP, Busy etc). This is not possible via the government utility.
  • LegalRaasta GST software creates a session for a longer period to file return of multiple clients without having to log in multiple times.

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Himanshu Singh Rathor
Himanshu Singh Rathor
  • Answer written
  • 2 Years ago

There are various accounting softwares that are GST enabled and can handle GST requirements. All businesses with a turnover of more than 20 Lacks are required to register for GST. To maintain and manage the GST compliance, businesses need to keep a clear record of their taxation electronically. This is where these accounting tools can be really helpful. Some of the accounting tools that support GST are listed below:
1. Zoho Books: Zoho offers an entire suite of GST-ready products; from accounting to inventory, to expense reporting, the Zoho Finance suite can handle your entire back office operation while keeping you GST-compliant. The invoice format is in the government prescribed template allowing you to capture GSTIN, place of supply, and all other necessary details. It also generates all your financial reports, auto-calculates tax liabilities, and helps you file your GST returns without any hassles.
2. Reach Accountant: The Reach Accountant is a free accounting software for SMEs. It keeps a record of every input, reunites data from different sectors and performs auto- GST calculation within minutes. Reach can be used for preparing Invoices, Auto Calculating the GST Liability, Filing Returns, Checking Purchases which auto populates in GSTN, Making GST Payments and Accounting for GST. It is a user- friendly software and customizes according to different business requirements easily.
3. Profit Books: ProfitBooks is an accounting softwares that lets you create professionals’ invoices and receive payments from your customers. It helps a business in the process of applying for GST efficiently. It is useful at every step of registering and securing your Goods and Service Tax Identification Number (GSTIN). ProfitBooks also help an organization for filling up the application form and following up on organization’s behalf till they get GST number.


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