GST Importance and Benefits

Posted by Sagar Gore on January 18th, 2018

The reason for introducing GST (Good and Service Tax) in India to levied the Indirect Tax on sales, good and services. Previously Tax was divided and different in each state as Tax was implemented as per location or states but after implementing GST complete taxing system is now divided into Five Slabs for collection and every slab have different percent which starts from 0% and the highest is 28%. Petroleum Products such as Petro, Diesel, Kerosene etc. and Alcoholic Drinks are not part of GST as they taxed separately by State Governments.

Important Reason and Features for implementing GST :

1: Use of Multi-Platform:

GST Software is one solution of all multiple tools which keep your Account updated. This multiple concept invoices matching this help to ensure every taxable person in the value chain files there GST returns on time, this will help to build trust and value for your business in the market. For a new user, it is necessary for them to make sure what software you need to go for before finalizing. You should keep few basic thing clear GST software your purchase should be enabled on multiple platforms and must be accessible from desktop, tablets or mobile phones at any point in time, increasing the ease for your business and online return filling.

2: Security:

Since GST implemented for Small, Medium and Large Scale Business. Every business and people in today’s date are looking for that software. The software is easily available in the market but what about protection of your data, Business information and getting compromising with your security of threat to your business.

3: User Meet, Interact and Reporting:

Why we look alternate tool, Application or software to ease our uses and reduce our workload, which helps us to utilize more our valuable time to think more about our business and what better we can do to Improve or get more business. Same if you for Gst accounting software or Gst billing software you will try to make sure you get all this benefit and features included in that. This also helps you give transparent dashboards with informative Reports which will help you not keep separate track (MIS).

4: Knowledge or Awareness

Every Small, Medium or Large have to pay tax as per there state. If your business in a state then you have file minimum 37 returns during financial year but what if your business is global as you have global clients, Then in India we have more then 29 States so number of returns you have to file will be 37 file x 29 states = 1073 Returns in a single year. This is not easy for every business people to keep a track if you calculate every day on an average you have to do 3 runs. So before you decide which software you want to go for GST and which will help you to ease your workload so please make sure you keep this all in mind before you select GST software.

5: There are few Key Features and Benefit of GST and GST Software like Customization as per requirement of business, Online support, User-friendly operate