GST or Goods and Services Tax are a kind of indirect tax that has been introduced by Indian Government. It is generally applied to different kinds of merchandise such as food, clothes, and luxurious products. Four slabs of GST can be observed with 5%, 12%, 18% and 28%. Due to sudden launch of GST, business owners have come across lots of issues as they have not been aware of the structure at all. In order to help the business owners, BTHAWK has come forward and created GST Billing Software. Billing and invoice generation has become easy with the launch of this software.
CGST, SGST and IGST
Since India is a federal democratic country, it has particular distribution of responsibilities, powers and revenue sharing process between the states and centre based on the constitution. Law and order within the state is looked after by the states whereas country’s defence falls under the jurisdiction of centre. Similarly, rules and regulations can be noticed also when it comes to revenue collection. Overlapping is avoided in the process.
In case of CGST, the centre has the authority to collect the revenue whereas SGST is collected by the state government. IGST is the abbreviation of integrated CGST and it is noticed when products and goods are transferred from a state to another. GST is applied in entire country.
Why Should You Use GST Billing Software
In order to complete a transaction during a deal, invoicing and billing can be looked as the final step of transaction. It is certainly one of the most important parts of a business. Calculations must be taken seriously always. Chances of making any kind of errors must be eliminated at the time of invoice creation. So, GST Billing Software can be considered a way to achieve success on the occasions. Issues with the calculations may not be encountered ever with the software in operation.
Process of calculating bills and creating invoices through traditional manual mode is error prone. Lot of time is required at the time also. As a result, issues can be noticed with the record maintenance process and book keeping also. To avoid these issues during business transactions, both the small business and big conglomerates have been using the GST billing software.
Calculations are done in an automated manner with the assistance from software. Tax requirements are kept on the mind also. Financial calculations and accounting has become easy in the process too. Features like data entry and book keeping have been added also in the software for benefit of the clients.
Requirement of data entry through manual mode can be evaded with this process. Financial figure can be obtained precisely. If you decide to invest in GST Billing software by BTHAWK then better control over the accounting system can be retained. Lot of money can be saved too.
Features of GST Billing Software
Due to presence of GST Billing software, it has become easy to understand different aspects of this tax process. Issues related to tax calculations can be avoided too. Progression can be understood completely without much hassle. Significant data related to the business can be incorporated at one place with the help of the software. In addition, merchants, clients, records, solicitations and records can be checked also. Requirement of inventory modules can be noticed at times. By importing data from different places, lot of time can be saved. There is no need to insert data physically also. One of the best software available in the market for GST calculation is from BTHAWK
Reports
Reports can be created related to deals, receipts, borrowers and client proclamations. Management of data is done in such a way that it becomes valuable to the customers. Different aspects can be added or deducted from the report for your benefit.
Pricing
One month free trial is offered with GST Billing Software. Apart from free trial, couple of price packages are offered by the service provider. One of the packages is offered with the sales personnel for your assistance. There is another package also and it is without any sales personnel. Full satisfaction can be ensured with the software.
Sales Tax
In case of Sales Tax requirement and different types of bills with GST and VAT, Billing software can be utilized. Lots of business owners are obtaining benefits from the software. One of the best facts about the software is that it can be acquired in a cost effective price. Invoices can be generated easily without any hassle at all. In case of a receipt, different rates can be noticed which can be little troublesome to calculate manually. Through automated software, issues can be solved completely. Charge applied to each and every product can be calculated properly before offering the receipt. Book Keeping and accounting have become a smooth process through this mode also.
Search Feature
During integration of data by BTHAWK billing Software, stocks records, solicitations, clients and other necessary things can be searched by the tool. It is certainly one of the reasons why business owners are inclining towards the use of the software.
Compatible with multi-user
In case your accounts are handled by different employees within the company for diverse clients then the software has to be multi-user friendly. GST Billing Software from BTHAWK can be accessed by lot of people at a time. Even clients may able to access theses data and refresh it for the latest billing. Based on the requirement, you can limit the access. For example, clients may not be given authority to erase the data. Stock cost and marketing numbers may not be accessed by the client also.
BTHAWK GST Accounting Software can be looked as a complete accounting system which can offer you calculations and accounts any time. Rules and regulations from the government is followed at every given occasions. Therefore, issues may not be encountered. GST filing process can be completed on time. Distraction cannot be seen with other activities within the company also. So, you must use this software in coming days.
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