Top Accounting Software for GST filing

Navigating GST compliance can be a daunting task for businesses, given the complexities of tax regulations and reporting requirements. Fortunately, the right GST accounting software can simplify these processes, saving time and ensuring accuracy. 

From automated invoicing and reconciliation to managing e-invoices and e-way bills, GST accounting software is a vital tool for modern businesses. 

In this blog, we will explore some of the best GST software options available in the market, including Refrens, Tally ERP 9, Gen GST, Zoho Books, Marg ERP 9+, and Web-GST. Each software offers unique features tailored to diverse business needs, ensuring seamless compliance and efficient financial management. Whether you’re a small startup or a large enterprise, there’s a solution here to suit your requirements.

1. Refrens

Refrens GST Accounting Software is one of the top platforms designed to simplify GST compliance for businesses of all sizes. It empowers users to generate GST-compliant invoices, manage e-invoices, create e-way bills, and seamlessly handle tax reporting. Known for its user-friendly interface, Refrens integrates advanced features such as inventory management, payment reconciliation, and automated invoicing, making it a preferred choice for small businesses, startups, and SMEs.

Key Features of Refrens GST Filing Software

1. Effortless GST Invoicing
   Create GST-compliant invoices with ease using customizable templates. Automatically calculate GST components (CGST, SGST, IGST) based on client location and GST type.
2. E-Invoicing and IRN Generation
   Generate Invoice Reference Numbers (IRN) and QR codes in just one click, ensuring compliance with government regulations for businesses with turnovers exceeding ₹5 crores.
3. E-Way Bill Integration
   Easily create e-way bills for the transportation of goods, ensuring compliance with GST logistics requirements.
4. Audit Trails
   Track all the edits made to your accounting documents with the audit trail feature. 
5. Advanced GSTR Reports
   Generate and file GSTR-1, and GSTR-2B reconciliation, with auto-filled data. Reconcile GSTR 2B with your account books to identify completely matching, partial matching and non-matching transactions.
6. Recurring Invoices
   Automate repetitive billing tasks by scheduling recurring invoices. Save time and improve cash flow with timely billing.
7. Automated Bookkeeping & Accounting: Automatically pass journal entries, create vouchers, and update ledgers whenever you create an invoice or expense, keeping your accounts books up to date.
8. Comprehensive Financial Reporting
   Access detailed reports such as profit & loss statements, balance sheets, ledgers, and GST summaries to monitor your business’s financial health effectively.
9. Credit/Debit Notes and Payment Receipts: Create and customize credit/debit notes with ease. Settle available credits and debits against the clients and vendors. Automatically create payment receipts whenever you record payment against an invoice.
10. Multi-Business and Team Management
    Manage multiple businesses and assign roles to team members with customized permissions for secure and efficient collaboration.
11. Simplified Multi-GSTIN Compliance
    Easily oversee GST compliance for various GSTINs across one or multiple businesses without hassle.
12. Streamlined Reverse Charge Process
    Manage reverse charge obligations, including imports, SEZ dealings, and advance payments, with efficiency and accuracy.

Additional Features

• Mobile Accessibility: Create, manage, and track invoices on the go using the Refrens mobile app.
• Bulk Uploads: Save time by uploading multiple invoices and client details simultaneously.
• Expense Management: Record and track business expenses with real-time insights.
• Customizable Templates: Tailor invoices to match your brand identity with options to add business logos, colors, fonts, and custom fields.
• Automated Inventory Management: Track stock levels in real-time. The software updates inventory automatically with every sale, purchase, or expense entry, ensuring accurate stock data and seamless inventory control 

Pricing

• Free Plan: With limited features 
• Accounts Lite: ₹ 4700/year
• Accounts GST: ₹ 9500/year
• Accounts: ₹1200/year

Refrens GST Accounting Software combines powerful features with ease of use, making it a go-to choice for businesses seeking efficient GST compliance and financial management.

2. Tally ERP 9

Tally ERP 9 is one of the trusted accounting software solutions in India, catering to businesses of all sizes. Renowned for its GST compliance features, it simplifies complex tax processes such as GST invoicing, reconciliation, and return filing. The software’s user-friendly interface and extensive support system make it a popular choice for streamlining financial and inventory management tasks.

Top Features of Tally ERP 9 for GST Filing

1. GST-Compliant Invoicing
   Generate digitally signed GST-compliant invoices, bills of supply, and other tax-related documents with ease.
2. E-Way Bill and E-Invoicing Integration
   Seamlessly create and manage e-way bills and e-invoices within the software, reducing manual errors.
3. Comprehensive GST Reconciliation
   Easily match your purchase and sales data with GSTR-2A and GSTR-2B to ensure accurate GST filing.
4. Detailed GST Reports
   Access insightful GST reports, including return filing status, tax liability, and compliance summaries.
5. Inventory and Order Management
   Track inventory movements and generate delivery challans, ensuring accurate bookkeeping and compliance.
6. Integrated Business Reports
   Analyze business performance with a variety of reports, including accounting, financial, and inventory insights.
7. Enhanced Security Features
   Set up multiple user roles and privileges to safeguard sensitive financial data.
8. Continuous Updates
   Stay compliant with the latest GST laws through regular product updates and support.

Pricing

• Silver Edition (Single User):
  • Rental: ₹600/month (+18% GST)
  • Perpetual: ₹18,000 (+18% GST)
• Gold Edition (Multi-User):
  • Rental: ₹1,800/month (+18% GST)
  • Perpetual: ₹54,000 (+18% GST)

Tally ERP 9 is a comprehensive solution to ensure accurate GST filing, robust financial management, and seamless business operations.

3. Gen GST

Gen GST, developed by SAG Infotech, is a robust software solution designed to streamline GST compliance for businesses of all scales. This user-friendly software offers seamless GST filing, including GSTR-1, GSTR 3B, GSTR 9, and GSTR 9C, along with automated reconciliation and invoice management. Gen GST’s advanced error detection and correction features ensure accurate tax filings, while its multi-login capability makes it a reliable choice for tax professionals and enterprises.

Top Features of Gen GST for GST Filing

1. Unlimited GST Return Filing
   Allows unlimited GST return filing for businesses and tax professionals, covering all major GSTR forms.
2. Invoice Management System (IMS)
   Helps manage tax invoices for regular and reverse charge dealers, ensuring compliance and accuracy.
3. Seamless E-Invoicing
   Offers integrated e-invoicing solutions, enabling businesses to generate and validate e-invoices effortlessly.
4. Bulk E-Way Bill Generation
   Facilitates quick creation, registration, and cancellation of e-way bills for smooth logistics management.
5. Advanced Reconciliation
   Reconcile GSTR-3B with GSTR-2A/2B and Input Credit Register to identify and resolve mismatches in ITC.
6. Error Detection Mechanism
   Auto-identifies and reports errors in GST filings, including invalid GSTINs, mismatched data, and missing entries.
7. Multi-Platform Accessibility
   Available in both desktop and online variants, compatible with Windows, Mac, and mobile platforms.
8. Comprehensive Reporting Tools
   Provides detailed reports on sales, purchases, tax liabilities, and return filing status for better insights.
9. Automated ITC Matching
   Matches ITC data across forms like GSTR-3B, GSTR-2A, and GSTR-9 to ensure accurate claims.
10. GSTR-9 and 9C Filing
    Simplifies the filing of annual and audit returns, with features to auto-populate, reconcile, and validate data.

Pricing

• Desktop Variant:
  • Installation: ₹5,000
  • Annual Updates: ₹2,000
• Online Variant:
  • Basic Plan: ₹7,000
  • All-in-One Plan: ₹10,000

Gen GST stands out for its tailored features, making it a top choice for hassle-free GST compliance and efficient tax management.

4. Zoho Books

Zoho Books is a cloud-based accounting software designed to simplify GST compliance for businesses. It offers a complete suite of GST features, from automated invoice generation to seamless return filing, ensuring regulatory compliance. Zoho Books integrates directly with GSTN for efficient e-filing and provides real-time tax calculations and error-free reconciliation. Its accessibility on mobile and desktop platforms, coupled with advanced collaboration tools, makes it an excellent choice for businesses seeking efficiency and convenience.

Top Features of Zoho Books for GST Filing

1. GST-Compliant Invoicing
   Create professional invoices with GSTIN, HSN/SAC codes, and accurate tax rates, all aligned with government mandates.
2. Auto-Populate GST Transactions
   Automatically calculate and assign GST components for transactions based on the customer’s GSTIN and applicable tax rates.
3. E-Invoicing Integration
   Generate and authenticate e-invoices directly through GSTN, ensuring secure and compliant transactions.
4. Effortless E-Way Bill Creation
   Simplify logistics with automated e-way bill generation for eligible transactions, reducing manual intervention.
5. Comprehensive GST Return Filing
   File GST returns, including GSTR-1, 3B, and 9, with an approval workflow to ensure accuracy before submission.
6. Advanced Reconciliation Tools
   Reconcile GST data across returns, including GSTR-2A/2B, to eliminate mismatches and ensure accurate ITC claims.
7. Multi-GSTIN Support
   Manage multiple GSTINs seamlessly for businesses operating across different states in India.
8. Tax Reports and Insights
   Access detailed reports on tax liabilities, ITC claims, and pending GST payments for better financial planning.
9. Item Classification with HSN/SAC Codes
   Easily classify goods and services using HSN/SAC codes, ensuring proper taxation and compliance.
10. Mobile and Desktop Accessibility
    Use Zoho Books on-the-go with its mobile apps or desktop platform, ensuring productivity anytime, anywhere.

Pricing

• Free Plan: ₹0/month (For businesses with revenue below ₹25 lakhs per annum)
• Standard Plan: ₹749/month (Billed annually)
• Professional Plan: ₹1,499/month (Billed annually)
• Premium Plan: ₹2,999/month (Billed annually)
• Elite Plan: ₹4,999/month (Billed annually)
• Ultimate Plan: ₹7,999/month (Billed annually)

Zoho Books stands out with its intuitive interface, automation capabilities, and comprehensive GST features, making it ideal for businesses of all sizes.

5. Marg ERP 9+

Marg ERP 9+ is an all-in-one business management software equipped with advanced GST features. Trusted by over 1 million businesses, it caters to industries like retail, distribution, and manufacturing. The software simplifies GST compliance through features like e-invoicing, e-way bill generation, and GST return filing. Marg ERP 9+ stands out with its offline capabilities, customizable modules, and intuitive interface, making it a popular choice for businesses of all sizes.

Top Features of Marg ERP 9+ for GST Filing

1. GST-Compliant Billing and Filing
   Easily create GST invoices, upload multiple e-way bills, and file GST returns directly through Excel, JSON, or CSV formats.
2. E-Invoicing Integration
   Generate error-free e-invoices automatically without accessing the GST portal, ensuring zero downtime and compliance.
3. E-Way Bill Management
   Simplify logistics with auto-generated e-way bills for applicable transactions, accessible within the software.
4. Barcode Management
   Centralize product information with barcodes, enabling quick and accurate tracking during billing and stock management.
5. Reconciliation of Payments
   Use Marg Pay to reconcile payments bill-by-bill with zero service charges and receive cashback for transactions.
6. Live Credit Limit Management
   Set and track customer credit limits in real-time to minimize risks and losses during billing.
7. Inventory Management
   Monitor stock levels, manage near-expiry items, and set reorder points to maintain optimal inventory levels.
8. Multi-Platform Accessibility
   Access features through integrated mobile apps for retail customers, field salesmen, and business owners.
9. Customizable Modules
   Adapt the software to suit specific business requirements, offering tailored solutions for diverse industries.
10. WhatsApp Integration
    Send invoices, payment links, and notifications directly to customers via WhatsApp, reducing paper use and enhancing communication.

Pricing

• Basic Edition: ₹9,999 (+18% GST), limited to 1 user.
• Silver Edition: ₹12,600 (+18% GST), includes 1 full-access user and 1 view-only user.
• Gold Edition: ₹25,200 (+18% GST), supports unlimited users.

Marg ERP 9+ offers a blend of simplicity and flexibility, empowering businesses to manage GST compliance and streamline operations efficiently.

6. Web-GST

Web-GST, developed by Webtel, is a powerful GST filing software designed to simplify compliance for businesses of all sizes. The software integrates seamlessly with leading ERPs like SAP, Oracle, Busy, and Tally to streamline the GST filing process. It enables businesses to prepare and file returns like GSTR-1, 3B, 9, and 9C effortlessly. With advanced tools for reconciliation, ITC maximization, and data validation, Web-GST ensures accuracy and efficiency in managing GST obligations.

Top Features of Web-GST for GST Filing

1. Seamless ERP Integration
   Integrates effortlessly with ERP solutions like SAP, Oracle, Busy, and Tally, ensuring smooth data flow and GST compliance.
2. Advanced Reconciliation Tools
   Perform GSTR-2A/2B reconciliation monthly or annually to identify mismatches and claim up to 100% Input Tax Credit (ITC).
3. Customizable GST Reports
   Generate tailored reports, including GSTR-1, GSTR-2, sales, purchases, and ITC summaries, for enhanced decision-making.
4. Automated Data Validation
   Validate GST data with advanced auto-intelligence tools, minimizing errors in tax calculations and filings.
5. E-Invoicing and E-Way Bill Management
   Easily generate and manage e-invoices and e-way bills directly within the software for faster compliance.
6. Vendor Payment Automation
   Automate vendor payments and ensure ITC is not lost due to vendor delays or errors.
7. User-Friendly Dashboard
   Access a single dashboard to track filing statuses, vendor GST compliance, and other critical GST metrics.
8. Data Privacy and Security
   Ensure secure data handling with robust encryption and desktop-based processing for guaranteed privacy.
9. Comprehensive ITC Matching
   Utilize advanced matching tools to reconcile ITC claims with GSTR-2B data and identify discrepancies easily.
10. End-to-End Dedicated Support
    Receive 24/7 support from Webtel’s expert team for all GST-related queries and compliance issues.

Key Utilities

• Color-coded Data Segregation: Visual differentiation of vendor compliance and transaction details.
• Invoice Management: Generate DR/CR notes, sales, and purchase invoices effortlessly.
• Carry Forward Data: Automatically move invoice data to the next month for seamless compliance.

Pricing

Contact Webtel for customized pricing plans based on the scale and requirements of your business.

Web-GST stands out as a one-stop solution for GST compliance, offering innovative tools and support to make the tax filing process smooth and efficient.

Conclusion

GST compliance doesn’t have to be overwhelming. With powerful tools like Refrens, Tally ERP 9, Gen GST, Zoho Books, Marg ERP 9+, and Web-GST, businesses can streamline their financial processes, enhance accuracy, and save valuable time. From automated invoicing to real-time reconciliation and advanced reporting, these software solutions offer comprehensive features to meet varying business needs. 

Choosing the best GST accounting software can not only ensure compliance with tax regulations but also drive efficiency and growth for your business. Embrace the digital transformation and make your GST filing experience hassle-free with these top-notch tools.