GST is one indirect tax for the whole nation, which will make India one unified common market.
GST is a single tax on the supply of goods and services, right from the manufacturer to the consumer. Credits of input taxes paid at each stage will be available in the subsequent stage of value addition, which makes GST essentially a tax only on value addition at each stage. The final consumer will thus bear only the GST charged by the last dealer in the supply chain, with set-off benefits at all the previous stages.
BENEFITS OF GST
- Easy compliance
- Uniformity of tax rates and structures
- Removal of cascading
- Improved competitiveness:
- Gain to manufacturers and exporters
- Simple and easy to administer
- Better controls on leakage
- Higher revenue efficiency:
- Single and transparent tax proportionate to the value of goods and services
- Relief in overall tax burden
REACH GST SOFTWARE
Reach accountant software is a cloud based GST ready software. GST software developed by reach accountant software is one of the best software available in the market. Reach is a feature rich software that can be used by any business. It automates your entire business and helps in smart functioning with faster work flow, better decision making, real-time updates and much more..View our demo for more information Reach GST Accounting software is the India’s leading of online Accounting software is available in the SMEs affordable cost with equipped team and partners in all major cities of India like as Chennai, Coimbatore, Bangalore and also in the Malaysia, have satisfied 1000+ customers all over India & Malaysia. After implementation of Goods and Services Tax in Malaysia, all business with turn over more than RM500, 000 have to register for the GST.
Reach GST ACCOUNTING software is the best simple but equipped and effective GST Accounting software for any types of businesses in Malaysia exclusively for Jewellery business. Reach GST Accounting software will be able to view the last prepared invoice automatically while to creating new Invoices. To set reminders for every invoice. SMS or E-mail reminder automatically. Send bills to automatic accountant and add notes. Prepare VAT, Service Tax, TDS and Excise Reports of automatically. Click here for Demo
TOP PRODUCT FEATURES
All functions relating to accounts are inbuilt with the software. You can manage your Accounting Ledgers, Bank & Cash Operations, Purchase & Sales Estimates, Warehouse Allocations, Expense Recording, Expense Grouping, Payments – Part or Full, Journal Entries, Receipts – Part or Full, Contra Entries, Financial Reports, Day book and much more.
Our accounting Software automatically calculates the taxes relevant for every bill created. Our Software is tailor made as per the government norms for calculation of GST. It also comes with the option to add any number of taxes relevant to your business. In case of change in tax percentages you can change it in the software on your own. All you have to do is add your tax percentage and our software will calculate the taxes automatically. This multiple tax scheme can also be applied to multiple products on a single purchase.
You can create Quotations then the same can be converted as a Sales order or Pro-forma invoice or Invoice. From Invoice you can create Receipts as well. Accountants will be able to know what payments have been received and what are pending in the reports. You can also set reminders for receiving payments
You can create Purchase Orders then the same can be converted as bill or payments. You can also create Debit notes for purchase returns. Accountants will be able to know which purchase bills have been paid and which are pending in the reports. You can also set reminders for making payments.
- Accounting software
- POS Software
- ERP Software
- CRM Software
- Service Provider
- Sales and service
- Trade and Distribution
- Textile shop
- Super Markets
Key Features of Reach GST
- Inventory Management
- Mobile App
- Data Security & Accuracy
- Monthly GST Report
- GST returns
- Online Accounting
- Financial Management
- Sales Tracking
- Billing & Invoicing
- Purchase Management
- Online GST Portal
- Sales Analyse Report
- Mobile Support
- Mobile App
- Languages support
Sync all your emails into one place and manage the leads, bills, complaints and sales orders from a single software block.
Manage your Production process, Purchase approvals and Raw material Conversions and extract Finished Goods Reports
Receive Job orders or Sales Orders and convert them into Invoices once ready
Create Job sheets, prepare estimates and assign them to Service Engineers. SMS the status automatically to the customer when the job is done
Sales Team Management
Import leads automatically from your website, email or Google docs and assaign them to your sales executives. Monitor executives and update lead status.
View the last prepared invoice automatically while creating new Invoices. Set reminders for every invoice. SMS or email reminders automatically.
Point of Sale
Touch and Keyboard Billing counters. Works even when the Internet connection is cut. Seperate Cash and delivery counters.
See offer prices of all vendors while creating purchase orders. add purchase and manage incoming stock.
Lots and Barcode Management
Create Lots/ Batches, Auto-generate codes and print barcode labels. Read them automatically using a barcode scanner
Assign points for every sale and redeem them whilst billing next time
Show what needs to be shipped and what needs to be received automatically to the store keeper
Auto sync to over 36 Banks, e-stores, Google docs, Google calendar, Project management tools, Click to Calls, SMS gateways, Payment Gateways and many others
Accounting & Taxes
Prepare GST, GST Form 3 reports, Profit & Loss and all the other accounting reports automatically from the software.Send bills automatically to your accountant and add notes.Integrates POS System with accounting avoiding duplication of entries
Security & Privacy
Stop worrying about system crashes and data theft. Store the data safely in the cloud with Bank level security.
Assign points for every sale and redeem them whilst billing next time
Show what needs to be shipped and what needs to be received automatically to the store keepe
A Basic payroll processor which generates pay slips and emails them in bulk to employees.
CLEAR TAX SOFTWARE
Cleartax GST is a cloud based software i.e. developed and maintained on internet which empowers us to provide our users with the following features
- Create a sync between working offline and backup on connectivity with internet
- Providing an updated version of our software without bothering the user with additional efforts to update the software
- Easy access to software from anywhere at any time without worrying about internet connectivity
FEATURES OF CLEARTAX
No desktop for installation
As the software is hosted on cloud, user need not have a desktop system for installation of our software. ClearTax GST software can be downloaded as an offline software on system / mobile app, mobile website / desktop website. User need not bear additional cost of installation of the software and utilities. Hence, You can login from anywhere and anytime.
Integration of accounts
In a situation where user is dealing with multiple clients or businesses along with their voluminous data, our software makes it easy for them to:
- Bulk import of such data through excel or templates
- Features like filter and bulk selection makes it work friendly
Validation while invoicing
Post GST rollout, user will have to create invoices having more than 20 fields such as HSN code, GSTIN of supplier etc., and these invoices need to be uploaded on the GSTN portal on monthly basis.
At the point of creating an invoice our software makes sure that all mandatory fields are accurately filled. In case of any mistake, an alert or notification will be given for every error made in an invoice along with report of all such invoices.
Determination of Place of Supply
The taxable event under GST is the ‘Supply’ of Goods or Services. Based on the criteria laid under GST, user can treat the supply of goods or services as either Intra-State (within the State) or Inter-State (Outside the State).
While other software will ask the user to provide the place of supply, our software automatically determines and populates under every invoice based on information entered.
Determination of rates while creating an invoice is the crucial aspect as short payment of taxes due to wrong determination of rates will lead to payment of interest and penalties
Our software automatically populates the accurate rates in the invoices as the user provides the HSN number. This feature not only saves user from interest and penalties but also relieves them from stress of determining and feeding it every time they create invoices. Hence saving time and duplicity of efforts
Contact master and Item master
You may create a contact master data of all your customers for the following details:
- Customer name
- Customer GSTIN
- Billing and shipping address
- Place of Supply
You may create a master data of all item of goods/ services in which you deal for the following details:
- Type of Item i.e. goods or services
- HSN number
- Unit Price
User may upload a list of all its customers through an excel and accordingly all the customers contacted by our software.
Each time you create an invoice the above details will be auto-populated, leading to lesser chance for error and saving time.
From 1st July, every tax payer needs to issue GST compliant invoice to its customers, mentioning of GSTIN of customers is a mandatory field for invoicing. While user may not have the GSTIN of all their customers, Cleartax GST provides its user an easy way to collect GSTIN from their customers
- select the customers from whom you want to collect their GSTIN
- An email and phone text will be send to selected customers
- Customers need to fill the details and submit the web page
- The data will be auto-populated under the ‘Contact Master’
Besides, the list of following customers will also be available:
- Request sent
- Request not sent
- Customers replied
- Customers not replied
- Sent a reminder
Notification and alerts
The users of our software will receive a notification or alert for the following matters:
- Where goods have been sent for job work, period of 1 year or 3 years are about to expire and goods not yet received back
- In an invoice shipping address do not match with billing address
- Where interest or penalties for late or non-filing of returns, short or non-payment of taxes have not been paid. User will be notified along with calculations that they may receive a notice for default in compliance
Hence, user will be able to keep a track of major dates and actions to be taken accordingly
We at Cleartax GST aim to make taxation and compliance simplified for our users. Since with the introduction of GST all businesses and professionals are at unrest due huge compliance, Cleartax GST makes it not only simplified but also triggers to make its users GST compliant with clarity and conscience.
Learn more about Clear Tax GST software and watch the demo to see how it can get your enterprise GST Compliant.
Cleartax – Pricing – Rs.10,000/-
Reach Pricing – 100 to 150 per filing
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.Free cloud server advantage, All documents in one place, All accounts are docked in a single account for multiple businesses and securely backs up your data.