Best GST Software in India for 2020

Summary

1. What is GST Accounting Software?
2. What are the GST Accounting Software available in India? 

• Reach Accountant: 
• Tally
• Quickbooks
• Marg
• Zoho Books
• Clear Tax
• Busy

3. What are the features that should be available in good software for GST Management?
4. Which GST Software is Best for Small Business?
5. Which is the best GST Ready Accounting Software for Bookkeepers and Accountants?
6. Which is the most widely used GST Software in India?
7. Which is the Cheapest GST Software?
8. Which Software is best for you?

If you are struggling to choose the best GST software for your business, Given below is a list of Top 5 GST Software in India that can help you with GST Compliances, Invoicing, and Auto-Calculation of GST. The list is in no specific order and makes a comparison showing the good with the bad for you to choose what is best for you.

What is GST Accounting Software?

A GST Software is a software that helps you do GST compatible Billing and Invoicing for your Business every day and helps you prepare and file GST Returns at the end of the month. Before we dive into the details, let us first understand the different types of GST Software available in the market to be able to make a right apple to apple comparison.

The following types of GST Software are available in the market:

1. GST enabled Accounting Software (helps with Accounting and Filing)
2. GST Filing Software (helps only with Invoicing, Reconciliation and Filing)

What are the GST Accounting Software Available in India?

• Reach Accountant

• One Top Reason to buy: Unlike other GST Accounting Software, Reach Accountant claims to run the entire business end-to-end.

  Features

  • Dashboard
  • CRM
  • Repair
  • Billing
  • Accounting
  • Purchases and expenses
  • API
  • Mobile app
  • Barcode integration
  • Email integration
  • Job costing
  • Multi-location
  • Multiple companies
  • POS invoicing
  • Manufacturing management
  • Project Management
  • Quotation and estimates
  • Warehouse management
  • Inventory management
  • Invoicing
  • Multi-currency
  • Multi-user login and role-based access
  • Outstanding
  • Product database
  • Supplier and purchase order management
  • Taxation management
    

Pricing

• GST Filing Software: Rs. 150/- per filing (Free Software, Pay only to File)
• GST Accounting Software: Rs. 6000/-  (Annual Renewal 20%)

For 15 days free trial of Reach accountant click on>> Demo

Website : www.reachaccountant.com

Tally ERP 9

Tally ERP 9 is well-known accounting software that manages inventory and payroll. It is one of the most economical software available. With the complexity of tax structure in India, you require a simple but helpful GST software and that is Tally ERP 9. This software has a very wide range of software

Features

• HR and payroll
• Investment
• Multiple companies
• Financial management
• Inventory management
• Invoice
• Product database
• Supplier and purchase order management
• Taxation management

Pricing

• Single User – Rs. 21,780
• Multi-user – Rs. 65,340
• Annual Renewal of 25%
• website: tallysolutions.com

MARG ERP 9+

It is simple but vast and high in-demand software. It is one of the Top 5 GST Software in India. It helps in quick access to all your data and meets all the requirements of any sort of business. MARG helps in saving time and tracks all your business functions for you to manage it better.

Features

• Complete inventory accounting management
• Very easy fast excise invoice generation
• Variable duty rate selection while making invoice
• Complete detail of Bill at the time of items selection in Bill
• Different excise duty considerations like BED, AED Cass.

Pricing

• Single User 7,200
• Multi-user 25,200
• Annual Renewal – 40%

• website: http://margcompusoft.com/

Quickbooks

It is easy to use the software. It helps in bookkeeping, preparing, and filing tax. It has a quick and easy interface.

Features

• Payrolls
• Mobile app
• Mobile support
• Cloud-based

Pricing

1. Rs 5000 per year
2. Annual renewal at 100%
3. website: http://quickbooks.com/

Zoho books

It is easy to use software with Accounting integrated for small businesses.

Features

• Mobile app
• Accounting
• Cloud-based

Pricing

• Rs. 2500/- per year
• Annual Renewal 100%

website: https://www.zoho.com

 6. Clear Tax GST

Simple and Easy GST Software. More focused on the Accounting Fraternity and can be a good fit for the Accountants who need a tool to prepare GST for their clients without Accounting. Works as a blanket app which can be used for filing after extracting data from any accounting software and ERP Systems.

Features

• Online GST Course
• Assistance to find clients
• GST Preparation
• GST Filing
• Data and imports/ exports

Pricing

Rs. 5,000/-

website: www.cleartax.in

7.BUSY Accounting Software

Busy Accounting software is an integrated business accounting software for Micro, Small, and Medium businesses.

Features

• Financial management
• Multi-currency
• Multi-location
• Sales/Purchases
• Sales / Purchase Order Processing
• Fully User-configurable Invoicing
• User-configurable Documents
• User-configurable columns in Reports
• GST Reports
• Payroll
• MIS Reports & Analysis

Pricing

The single user is Rs.21,240/-per year

What are the features that should be available in good software for GST Management?

The features required in GST software are 

• GST Ready Invoices
• GST Ready Reports
• ITC Match/Mismatch Reports
• Supports Cloud Technology
• Auto Calculation of Taxes
• HSN/SAC Code Lookup
• Data Security
• Cost-Effective
• Third-Party Apps
• Customer Support

Which GST Software is Best for Small Business?

It’s always good to have a list of the available options, but the most difficult part is choosing what is right for you. Choosing the right GST Software is a major challenge. While choosing the GST software it is very important to consider if it has all the key features that are required for the GST and also if it reduces the compliance time. 

Choose the software based on the size of your business

Which is the best GST Ready Accounting Software for Bookkeepers and Accountants?

For Bookkeepers and Accountants, the GST Accounting software should be one that enables you to stay connected and compile all the data of different teams, a one with a high level of security and features that can automate all the activities and save time. There are several GST ready accounting software like

• Quickbooks
• Reach Accountant
• Zoho
• Tally

Which is the most widely used GST Software in India?

Tally software is the most widely used GST software in India. It fulfills all your accounting needs. The main disadvantage of the Tally software is that it is desktop software and it is difficult to compile the data of different teams.

Which is the Cheapest GST Software?

More than having a cheap GST software it is required that an appropriate software with all the key features is actually required. Different software has different specializations, choosing the software that fits best for your requirement is the best decision.

The software that is a little light on the cost is

• Zoho books which are available for 2500/- per year
• Quickbooks is available for 5000/- per year with an annual renewal of 100%
• GEN GST is available for 5000/-

Here is a Table of the others:

Which Software is best for you?

Choosing the right software is a major challenge especially when there are a lot of options available in the market. The software chosen should be one that has all the key features required by the Accountants and also it should be able to meet the GST compliances. 

The software should reduce the burden of the Accountants by automating all the activities of the business and is also within the budget. The GST software should seamlessly integrate with the accounting software or ERP and it should be user friendly.

Sumathi

I’m a tax expert with over 10 years of professional experience. I’ve gained practical insights on GST and other Taxes during my tenture as a Tax expert and GST Trainer in Reach Accountant.