GST Billing & Return Filing made easy with Marg GST Software

  • File GST Returns, TCS & TDS directly from GST Software
  • Run Internal Audit to ensure 100% error-free reports
  • Save time by managing all your GSTINs at one place
  • Easily File GSTR 1, GSTR 2, GSTR 3B, GSTR 4, GSTR 9

or
Download Now

Features at Glance

GST Invoices & Billing

Generate GST compliant Invoices in few seconds, track invoice payments, follow-up & get paid faster. Improve Billing Speed by 40% with shortcuts & search options like Barcode etc.

GST Reports & Return Filing

Create GST Invoices & Push transactions into GSTN portal in Excel, JSON or CSV Format & File GSTR 1, GSTR 2, GSTR 3B, GSTR 4, GSTR 9 directly from the software

GSTR 2A Reconciliation

Easily reconcile GSTR 2A without logging in to GST portal frequently. Download GSTR-2A auto-populated purchase bills in order to match them in Marg GST software

Tax Clubbing

Automatically club together both input & output tax of a particular month and further pass a general entry at the end of the month required for GST Payable

Accounting

No manual data entry required. Import and export all data with just a click. Check Account Balance, Account History, Invoices, Quotations, Payments and Alerts till Balance Sheet

e-Invoicing

Upload your B2B transaction invoices authenticated by Invoice Registration Portal (IRP) of Registered Party’s Credit & Debit Note on the GSTN portal electronically & reconcile directly

Internal Audit

Marg GST software automatically validates the data for any errors and gives alerts during the internal audit. It also validates GSTIN of the suppliers to file 100% error-free returns

Generate Eway Bill

Generate Single, Multiple & Bulk Eway bill during movement of goods & directly upload on the GST portal

TDS/ TCS

Marg GST software provides the most simple & user-friendly interface for filing the 100% error-free TDS/ TCS returns online as per the norms of TRACES and CPC, India

GST RCM Statement

Generate GST RCM statement when GST is to be paid and deposited by the recipient of Goods/ Services

Online Banking

Experience online banking inside Marg ERP integrated with ICICI Bank. Manage all type of bank transactions i.e. NEFT, RTGS etc. including Auto-Bank Reconciliation with 140+ Banks

Digital Payment

Simplify your digital collections & payments using MargPay with secure Payment Modes, Bill-by-bill Reconciliation, Same-day Settlement, Business Loans etc.

Simplify Your GST Process with Marg ERP 9+

Marg GST software empowers you with complete GST solution from billing till return filing. It lets you create beautiful invoices in GST format and manage all your finances without any accounting knowledge. Marg GST software is designed to reduce your taxes & compliance burden so that you can focus on running your business.

A Complete GST Billing & Return Filing solution

Marg GST software provides you with the best GST Billing and Return Filing experience. We aim at reducing your business operation cost by significantly reducing the compliance time. Marg GST Software with help you file GST return much faster directly from the software. You can directly push transaction into Excel, JSON or CSV format from the software on to GST Portal & file returns in few clicks.

You can easily file GSTR 1, GSTR 2, GSTR 3B, GSTR 4, GSTR 9 with Marg GST Software. Whether it's generating your GSTR1, GSTR2, GSTR3 or calculating your tax liabilities and input tax credits, or filing your returns, Marg GST Software adheres to the GST law and helps you stay GST-compliant.

Marg GST Software for Billing & Accounting can be customized as per the business you are doing without any hassle. Marg GST Software provides you with the option to send the bills through email automatically which saves time. With Marg GST Software, you can also switch over anywhere from bill to bill which saves a lot of time.

A data validation tool inside Marg GST Software checks all the GST Return errors & validates the data during Internal Audit. This helps to minimize the risk by indicating all the errors that exist in the invoices and file GST Return on time.

Marg GST Software enables you to easily reconcile GSTR 2, GSTR 2A without logging in to GST portal frequently and download the purchase bills in order to match them in the software. We always keep you up-to-date on all the critical numbers & taxes with 1000+ MIS reports that can be customized according to your company requirement. Marg GST Software is the best way to file your taxes along with managing your business, as you get complete business solutions at one place. Stay GST Compliant with Marg ERP & leave your tax filing burden to us!

Read More

Know more about Marg® ERP

  • Multi Rate, Price List, & Discount
  • Cash / Credit / Split Invoice & Challan
  • Sales Return & Replacement on Sale Bill
  • Party Wise Rate, Discount and Scheme
  • Salesman / Route / Area Wise Bills & Reports
  • Indication for Loss, Min, Max, New / Old Rate & Expiry
  • Negative Stock Billing Facility
  • Self-Designed Price List (Set Formula in Price List)
  • Sales Return on Same / Separate Bill & Its Adjustment
  • Back Date Stock Position at the Time of Billing
  • Switch Over from Bill to Bill Anywhere
  • Godown Wise Billing & Stock Position
  • Bill Import / Export & Message on Bill
  • Auto Calculation of Levies & no Chance of Manual Mistake
  • Display last four Deals at the Time of Billing
  • View O/s Stock, Ledger. Last Deal of Sale & Purchase Returns, Receipt Payment Bill Modification at the Time of Billing
  • Counter Sale Entry Provision
  • Party History Dashboard on Party Selection
  • Provision to Load Item from Other Bill
  • Display Last 4 Deals at the Time of Purchase to Cross Check Rate Deal, Disc Tax & Cost
  • Purchase Planning & Purchase Order Management
  • Supplier Wise Various Outstanding Reports & Remainder
  • Pending DR / CR & Replacement Notes
  • Auto Barcode / Label Printing from Purchase Bill
  • Fix Sales Rates & Deals at the Time of Purchase
  • Online Shortage Management
  • Purchase Costing Comparison
  • 1000's of Purchase Reports & Analysis
  • Online / Softcopy Purchase
  • Items Wise Double Percentages Discounts
  • Item Wise Double Volume Discounts
  • Four Different Discounts on Complete Bill
  • Party Wise Discounts & Schemes Pre-Fixing
  • Data Wise Schemes, Quantity Based Rate & Discounts
  • Various types of Schemes, Like A Item Free with B Item Etc.
  • Accounts Vouchers & Cheque Printing
  • Receipt/ Payment Advice
  • Sales / Purchase Invoice, Estimate A7 Challan
  • Sale / Purchase Return Replacement & Price Difference
  • Debit Note/ Credit Note
  • Sales Orders / Purchase Order
  • Bank Pay in Slip & TDS Certificate
  • Stock Transfer Memo
  • Delivery Note, Goods Receipt Note & Dispatch Summary
  • Tax Inclusive, Exclusive & MRP Billing
  • Multiple –taxes in Single Invoice
  • Manufacturing / Trading Excise Invoice
  • Export Invoice & Packaging Slip
  • Option for Pre-printed Stationary
  • Self-Designable Invoice Format
  • Cash Flow, Funds Flow & Ratio Analysis
  • Budgets / Targets / Credit Limits
  • Online Graph, SMS & E-mail
  • Any Report Export to Word & Excel
  • Sales / Purchase Analysis
  • Gross Profit Analysis
  • Financial, Expenses & Budget Analysis
  • Operator Wise Powers & Boundations with Operator Log Book

Basic of GST

GST (Goods and Services Tax) as the name suggests is a Single, Comprehensive Indirect Tax levy on manufacture, sale and consumption of goods and services at a National level.It is a tax on goods and services with value addition

GST (Goods and Services Tax) as the name suggests is a Single, Comprehensive Indirect Tax levy on manufacture, sale and consumption of goods and services at a National level. It is a tax on goods and services with value addition at each stage having comprehensive and continuous chain of set-of benefits from the producer’s/service provider’s point up to the retailer’s level where only the final consumer should bear the tax.

GST has become a reality and has eased the fact of doing business a major transformation in the Indian economy. it will ensure a smooth execution of businesses and simplify it in a way they are prepared for the roll out of the uniform indirect tax regime.

The earlier tax system involved multiple taxes, complex compliance procedures, and intervention by several State and Central tax divisions. Doing Business was never easy in India, but with the onset of the GST regime, starting up with a new business is much easier and now instead of applying taxes on the total value of the product at each stage, the GST imposes tax on value addition. Moreover, the new tax system also provides credit for the input tax paid at each previous stage of a supply chain, this method considerably reduces the overall cost of manufacturing and selling goods.

Read More

GST Registration

GST the biggest tax reformation came into existence on July 1, 2017 and with that GST registration became an important aspect to identify tax payers ensuring compliance in the economy. By Getting registered under GST law you obtain a unique number ( GSTIN)

GST the biggest tax reformation came into existence on July 1, 2017 and with that GST registration became an important aspect to identify tax payers ensuring compliance in the economy. By Getting registered under GST law you obtain a unique number ( GSTIN) from the concerned tax authorities and are entitled to collect tax on behalf of government and avail Input tax credit.

But it is very important to understand who needs to register, how he will get himself registered and what is the eligibility criteria for getting registered.


Registration for Existing taxpayers

Any existing business who is registered under service tax or has VAT registration can register themselves on GST Portal.


Basic requirement for Registration

  • Provisional ID
  • PAN No of the tax payer/business
  • Mobile number
  • Email id
  • Bank account details


Today more than 1 crore taxpayer have got themselves registered and majority of the VAT businesses have been migrated to GST. The Government is expecting the figure to cross 2 crore mark in a years time.


Eligibility criteria for Registration Procedure

  • Any person who is doing business in trading of goods or services has to register for GST.
  • Rs. 10 lakhs for businesses in any state of North-East India I.e. Assam, Arunachal Pradesh, J&K, Himachal Pradesh, Uttarakhand, Manipur, Mizoram, Sikkim, Meghalaya, Nagaland and Tripura and for other states if the business annual turnover exceeds Rs. 20 lakhs or more).
  • Any person who has multiple business verticals in a State will need to obtain a separate registration for each business vertical.


Documents for GST registration
The documents required for GST registration are as follows.

  • Rent agreement or electricity bill for place of business.
  • PAN card of the Company
  • Cancelled cheque of the bank account showing account holders, MICR code, IFSC code and bank branch details.
  • Proof of constitution like partnership deed, Memorandum of Association (MOA) /Articles of Association (AOA), certificate of incorporation.
  • List of directors with their identity and address proof in case of company.
  • List of partners with their identity and address proof in case of partnership firm.


Cases where Registration is compulsory irrespective of Threshold Limit

  • Inter State Suppliers
  • Person receiving supplies on which tax is payable by recipient on reverse charge basis
  • Casual taxable person who is not having fixed place for business in State or Union territories
  • On resident taxable person who do not have fixed place of business in India


Standardization Procedure

  • An application needs to be submitted online through the common portal within 30 days from the date when liability to register arose.
  • For the casual and non resident taxable persons need to apply atleast 5 days prior to commencement of business.


Checking Approval Status of Application

You can track the status of your GST application by logging on www.gst.gov.in and scroll down to the bottom of the page and click the registration status. The status of the application can be checked by entering the registration Number, provisional ID or your pan number.

Read More

GST Composition Scheme

Composition is a method of levy of taxes designed for small taxpayers whose turnover is up to Rs. 75 lakhs ( Rs. 50 lakhs in case of few States). The aim of composition scheme is to bring simplicity

Composition is a method of levy of taxes designed for small taxpayers whose turnover is up to Rs. 75 lakhs ( Rs. 50 lakhs in case of few States). The aim of composition scheme is to bring simplicity and to reduce the compliance cost for the small taxpayers.

Every tax system prescribes several actions which need to be taken by businesses to ensure compliance with statutory provisions. Things like periodic payment of taxes, filing timely returns and maintaining prescribed records are necessary steps in a tax system for corporate taxpayers. However, small business owners find it overwhelmingly challenging to deal with such requirements of the law due to lack of knowledge and expertise.

To make compliance easier for small businesses, many state governments have provisions in their VAT system for payment of a composition levy by small businesses. This ensures greater compliance without the need for maintaining copious records. Although such a system is missing in Service Tax laws.

The One Nation One Tax Scheme (GST) which promises to club all the indirect taxes into one also boasts a composition scheme for small businesses. The GST Composition Scheme will make compliance with tax laws hassle free for eligible businesses opting for the scheme.

Here are some key features of the scheme:

Eligibility - Not everyone is eligible to enrol under this scheme. It is meant for taxpayers whose aggregate turnover does not exceed Rs. 75 lakh threshold in a Financial Year.

Tax rate - Rate of tax as prescribed will be less than regular GST but not less than 1% of the turnover during the Financial Year. Tax rates under the scheme are expected to be between 1% and 3%.

Not eligible for Input Tax Credit – As per section 16, those goods and services on which Composition Tax has been paid (under section 8) do not qualify for Input Tax Credit.

Applies to Intra-state supplies – Local suppliers, i.e., those who supply within a state can only take advantage of this scheme. Inter-state suppliers will come under regular GST laws.

Needs voluntary application – Taxpayers need to make voluntary registration every year for getting the benefits of GST Composition Scheme. However, if the taxpayer crosses the minimum turnover limit of Rs. 75 lakh then he will be transferred to regular scheme. Taxpayers who are already a part of VAT Composition Scheme also need to voluntarily register for this scheme.

Quarterly returns – Instead of filing 3-4 returns monthly, taxpayers registered under this scheme will be required to file returns once every quarter.

Bill of supply not tax invoice – Unlike regular scheme where a taxpayer needs to present tax invoice to the tax authorities, taxpayers registered under this scheme need to present bill of supply.

Penalty – If a taxable person is found not eligible for this scheme then the tax authorities can impose a penalty equal to the amount of tax on such person along with his tax liability. So, utmost care needs to be taken when opting for this scheme and paying taxes.

Read More

GST Returns

A regular taxpayer needs to furnish monthly returns and one annual return under GST. The whole process of returns has become a vital and powerful tool to implement the ‘data and revenue’ collection system under the GST Regime.

A Return could be defined as a detailed document/statement containing the income which a taxpayer is required to file and could be further used by the tax authorities in calculation of the tax liability.

Any registered taxpayer has to file GST returns which includes: Purchases, Sales, Output GST (On sales), Input tax credit (GST paid on purchases), etc. Before filing the return, payment of tax due is compulsory otherwise such return will be invalid.

GSTR1

GSTR-1 is meant for outward supplies/sales or services i.e. the summary would be generated or the user can view the tax details for whatever sales that has been done.The GSTR1 is not applicable to composition vendors, non resident foreign taxpayers and those with an Unique Identification Number.

Dates for filing GSTR-1 : The GSTR-1 return for a month can be filed between 1st and 10th of the following month. For example For filing the GSTR-1 for Feb 2018, you can file it on any day between 1st and 10th of March 2018.

GSTR-2

GSTR 2 is meant for inward supplies or purchases i.e. the summary would be generated or the user can view the tax details for whatever purchases that has been done.

All the purchases made from a registered vendor, the information from their sales returns (GSTR-1) will be available in the GSTN portal as GSTR-2A for you to use in your GSTR-2. Before you file your return, you can check this information, make changes if necessary, and add any details that were not auto-populated.

GSTR3:

The GSTR-3 is a document which contains the details of all the transactions during the month, including purchases, sales, and interstate movement of stock for a particular month. The GSTR3 is auto-generated based on the information available inside the GSTR-1 and GSTR-2 that have been filed for the same tax period. All the registered tax payers under the GST who have either opted for the composition scheme or have a Unique Identification Number (UIN). This return is also not applicable to non-resident tax payers.

GSTR- 3B

GSTR-3B is a simple provisional tax return form introduced by the Central Board of Excise and Customs (CBEC)/GST Council only for the month of July and August. In simple terms, GSTR-3B is a temporary and simplified government return form which is being introduced and will be used by the taxable person who is registered as regular dealers. This form will be used for the purpose of filing returns only for the month of July and August 2017 in lieu of the normal returns.

GSTR-3B was a step to ease the return filing process for the first two months ( July & August) so that businesses can adapt to the changes brought in by the implementation of GST in a radial manner.

Since a lot of small and medium businesses were using manual accounting methods, filing returns within the July 2017 deadlines was difficult for many of these businesses and therefore GSTR3B concept came into existence for the months of July to December 2017, so that it provides time to the businesses to understand and make themselves ready for filing the more complex GSTR 1, 2 and 3 returns.

GSTR 4

GSTR-4 is filed once every 3 months by a registered tax payers who has opted for the composition scheme (they are known as composition vendors). It contains the total value of the sales and supplies made, the tax paid at compounding rate, and invoice-level details of purchases the composition vendor made from other registered tax payers during the tax period. GST Returns for those tax payers who falls under Composition Scheme and the turnover is less than 1.5 crore. Marg ERP has simplified the whole process of generating GSTR 4 for their users.

Read More

GST Reverse Charge

The supplier of Goods generally pays the Tax on supply but on occasion when the reciever/purchaser becomes liable to pay taxes, such a condition is termed as reverse charge. The concept of reverse charge under GST came into force to increase tax compliance and tax revenues.

The supplier of Goods generally pays the Tax on supply but on occasion when the reciever/purchaser becomes liable to pay taxes, such a condition is termed as reverse charge. The concept of reverse charge under GST came into force to increase tax compliance and tax revenues. The earlier taxation system was unable to collect service tax from various unorganized sectors like goods, transport etc.


Time of Supply
The time of supply is the point when supply is liable to GST. In reverse charge, the recipient is liable to pay GST and thus time of supplies under reverse charge is different from the supplies which are under forward charge. During supply of goods the time of supply is earliest of

  • Date of receipts of goods
  • Date of bank as per book of payments or date of debit
  • Date immediately following 30 days from the date of issue of invoice


For example: If the goods are received on 18 th Feb2017 ,the date of payment was 18 th Feb 2017, date of invoice is 2nd March 2017 and the date of entry in the book of recipient is 20 th Feb 2017. In such a condition , Time of supply will be considered as 20th Feb 2017 and if the supply date could not be determined it will be considered as 20 th Feb 2017, i.e. Date of entry.



Services Under reverse Charge

  • Goods transport agencies providing services to any factory, society, co-operative society, body corporate.
  • Legal services by any advocate to any business entity located in the taxable territory.
  • Service supplied by any insurance agent to any person carrying business, located in the taxable territory.
  • Services supplied by a recovery agent to a banking company or a financial institution
  • Supply of services by an author or music composer, photographer located in the taxable territory


In case of supply of services, time of supply is earliest of

  • Date of payments as per books of account or date of debit in bank account
  • Date immediately following sixty days from the date of issue.

Read More

GST Invoice

An invoice or a Bill could be defined as a list of goods sent or services provided, along with the amount due for payment. GST compliant invoices can be made with Marg ERP 9+ Software.

An invoice or a Bill could be defined as a list of goods sent or services provided, along with the amount due for payment. GST compliant invoices can be made with Marg ERP 9+ Software.For all the businesses which are GST registered they need to provide GST-complaint invoices to their clients for sale of goods and/or services. All the GST registered vendors provide GST-compliant purchase invoices to you.


Mandatory fields under GST invoice


The GST invoice is issued to charge the tax and pass on the input tax credit. Some of the mandatory fields under GST invoice are

  1. Invoice number and date
  2. Customer name
  3. Shipping and billing address
  4. taxpayer’s GSTIN
  5. Place of supply
  6. HSN/ SAC code
  7. Item details i.e. Quantity (number), unit (metre, kg etc.) and total value
  8. The Taxable value and discounts
  9. Rate and amount of taxes i.e. CGST/ SGST/ IGST
  10. Whether GST is payable on reverse charge basis
  11. Signature of the supplier

Time Limits to issue GST tax invoice

There is a specific time limit to issue GST tax invoices, revised bills, debit note and credit note. The due dates for issuing an invoice for goods in normal case is on or before date of removal of delivery. And in case of continuous supply of goods it is on or before the date of issue of account statement. The Time limit in case of normal services is within 30 days of supply of services.

Read More

Multi-Currency Billing

Accept payments in multiple modes such as Cash, Cheques, Debit cards or credit cards. MARG ERP Software provides you with the comfort of accepting payments in multiple modes & multiple currencies like Pound, Dollar, and Euro

Watch Video

Marg® ERP Integrated Mobile Apps

Marg eRetail App for Retailers to place orders

E-Retail app is a step much Faster & reliable for ordering. It increases the order value and adds mobility for retailers when placing an order to their suppliers / distributors. The user can track their short supplies and view suppliers offers, stock rate, schemes and can also check their ledger and outstanding with much ease.

The eRetail app made for Retail business increases the retailer’s efficiency and connectivity with their distributors and suppliers which ensure long and healthy relationship. The eRetail app assures easy search of items and gets a 24*7 access for ordering anytime. The app is error-free and time-saving while order feeding/ punching through automated diary system. Moreover, The app also is easy to use and helps run your business efficiently.

Features of eRetail app

  • Ordering : Easy to order from any distributors/ suppliers anywhere anytime
  • Stock : Can view and analyze multiple distributor stock rate, deals, and schemes
  • Ledger : Retailer can view his ledger without any hassle
  • Outstanding : Checking outstanding with balance and date
  • Easy to use : Adaptable or feasible in nature
For queries related to Mobile Apps

Missed Call
9555061626

Support No.
011 30969600

support email id
eapps@margcompusoft.com

Marg eOrder App for taking orders by salesman

E-order app is enriched with some beneficial aspects which have a key role in revolutionizing the business operations especially for distributors/suppliers in collecting Orders & collections which is fully automated, time-saving, instant information of stock details and on-spot acknowledgment.


Marg E-order has some impressive features

  • Ordering : Salesman order placed immediately appears on Marg ERP
  • Collection : Direct collection from retailers with date, time and outstanding details
  • Stock : Access to real-time stock with relevant information like product rate and schemes
  • Location : Salesman can locate retailers with ease
  • Easy to use : Salesman can locate retailers with ease
For queries related to Mobile Apps

Missed Call
9555061626

Support No.
011 30969600

support email id
eapps@margcompusoft.com

Marg eOwner App to keep complete track of your business

eOwner keeps a strong vigilance on your business and is a perfect Management app for entrepreneurs (Retailers, Distributors & C&F's). The app keeps eyes on Sales, Collection & GPS tracking of field staff which guarantees an increase in the sales revenue which influences on time business decision making power and assures 100% business success.

eOwner is a cloud based system integrated with MARG ERP 9+ which provide real time information for businesses to take an instant business decision.The eOwner app allows you to manage multiple businesses at one go and gives an in-depth analysis of your inventory.

The app gives a clear view of your financial reports like balance sheet, cash& bank, profit & loss, debtors balance and creditors balance.


The features of eOwner app

  • Field staff tracking : Easy tracking of field staff
  • Stock : In-depth analysis of stock details
  • Outstanding : Clear overview of clients outstanding any time
  • Purchase order : Easy modification of purchase orders
  • Financial reports : Keep eye on accounting activities
  • Easy to use : Adaptable or feasible in nature
For queries related to Mobile Apps

Missed Call
9555061626

Support No.
011 30969600

support email id
eapps@margcompusoft.com

SFAXpert- Field Force Management App

CRM/SFA Solution is an online reporting software which ensure online reporting for field force and provides crucial information such as their daily calls, Monthly sales report territory wise, automatic missed call alert etc in a well designed user friendly and industry specific formats.

It is generally acknowledged by top Pharmaceutical organizations for their employs as it tracks GPS location of sales employee and manage their day to day activities by capturing authentic data from point of execution. The app also reduces the redundant form filling and manual information processing.


Features of SFA which makes it widely accepted

  • Stock sales analysis
  • Easy Connectivity with Marg
  • Dash Board Notification
  • Attendance& expenses
  • GPS tracking

PharmaNXT- Medicine & Salt Information App

Pharma NXT is an application extremely valuable for Chemists, Pharmacists and Medical Stores where chemist can seek information of more than 3 lakh medicines with their salts at one go. The app also gives info about adjacent suppliers based on selected location.


PharmaNXT has some impressive features

  • Side Effects : Know about the medication's side effects, assuming any, for a specific condition of the patient like pregnancy and so on..
  • For Distributors & Wholesalers : Distributors can feed their complete profile with the companies they are dealing in, so that the Chemist can get information.
  • For Manufacturers : Manufacturing Companies can feed their complete information with items manufactured, their salt compositions and distributors, so that chemist can get information.

GPS Tracking App

The GPS Tracking Application of Marg ERP helps in tracking of Field staff activity, allows a smart scheduling and gives real-time updates about the field sales force which ensures positive consumer experience. The GPS tracking system assures the smooth running of any business operation, increased workers’ punctuality and ensures nothing slips through the cracks.


Benefits of GPS Tracking system

  • Improved punctuality
  • Decreased Fuel costs
  • Increased Productivity

Frequently Asked Questions


GST Billing software is a software which helps business owners to file monthly, quarterly or annual GST return and other compliance easily. A GST software helps you file 100% accurate, error-free GST returns directly from the software to save time & efforts.
You can download Marg GST Software from the link: https://margcompusoft.com/downloads.aspx
You can calculate GST with many online GST calculation tools available online.
With GST Billing software you don’t have to calculate GST manually, it will automatically calculated at the time of billing. Marg GST billing software ensures 100% error-free calculation at the time of billing & generate GST ready invoices that can be directly uploaded on the GST portal for return filing.

Add GST: GST Amount = (Original Cost x GST%)/100. Net Price = Original Cost + GST Amount.

Remove GST: GST Amount = Original Cost – [Original Cost x {100/(100+GST%)}] Net Price = Original Cost – GST Amount
If you implement the suitable software for your business like Marg GST Billing Software, it will take 5-10 minutes to start GST billing. Implementation of GST billing software is very easy & user friendly.
There are many free software in the market for GST return filing. Marg is one of the best GST billing software for return filing, free GST billing, inventory & finance management. It also aids in creating customised invoices with the business logo & details. Marg is easy to use and is compliant with the latest Government taxation system
Yes GST bill is mandatory in most of the categories if GST is applicable. Only in the categories where GST is not applicable GST bill is not mandatory.
The full form of HSN is “Harmonized System of Nomenclature”. In India, HSN Code is a 8-digit uniform codes which is used to classifydifferent products & categories on the basis of GST applicability and is accepted worldwide.
Date for filing GST annual returns of FY 18-19, which was due on 31st March 2020 was extended till the last week of June 2020. Later amid Covid19 situation the finance minister Nirmala Sithraman further extended the due date till 30th September 2020. No late fee and penalty will be charged if returns are filed before the last due date.
Penalty fee is applicable in case late filing of GST return. The amount of late fee is Rs. 100 per day per Act. So it counts as Rs 100 under CGST &Rs. 100 under SGST. This count a total of Rs. 200/day* that will be charged as a late fee. Although a maximum of Rs. 5,000 can be charged as the late fee. There is no late fee applicable on IGST in case of delayed filing. Along with the late fee, an interest of 18% is calculated per annum and is applicable for a time period starting from the last date of late filing.
An interest of 18% is calculated per annum and is applicable for a time period starting from the last date of late filing.
The composition scheme is for the qualifying taxpayers with turnover less than 50 lakh in the preceding financial year to pay the percentage of their yearly turnover as tax in a state. The tax payer does not need to collect tax from their customer directly. The composition scheme also provides following benefits:

  • File single quarterly return in spite of monthly returns
  • Pay a lower tax rate, offering a competitive advantage
  • Save time in maintain records & books
In GSTR 1, if the mistake is occurred in taxable amount, tax amount, tax rate, etc can be rectified. But if the mistake is occurred in GSTIN, party name, head of tax i.e, IGST, CGST and SGST then no rectification can be made. If mistake is occurred in taxable amount, tax amount, tax rate, then the rectification can be made in it through amendment to invoices in next month’s GSTR 1.
Yes, GST software has the provision to provide sales reports & other reports related to stock, accounts & finances. You can manage your sales, inventory & accounting with the help of a GST software.
Yes, you can easily download all the data & returns filed.
Yes there is a facility to file annual composition form.

Filing Form GSTR-4 Annual return: Logon to your dashboard, click on Services > Returns > Annual Return >Select FY>Search>GSTR 4> FILE THE RETURN. Some important Points: Form GSTR 4 can be filed only if, all applicable quarterly statements in Form CMP 08 of that financial year, have been filed
Yes, most of the vendors provide after sales & support service to you. Software like Marg has a dedicated customer care departments that helps you through every step from the installation tile software usage & return filing.

Read More

Read Our Latest Blogs


img

GST Software: Uniqueness and Features

After the implementation of GST, one of the biggest challenges faced ...

Read More

img

GST Helpline – GST Helpline & Customer Services Details

Goods and Service Tax is a consolidation of several ...

Read More

img

GST Payment & Refunds

Every GST registered person is required to submit returns every month ...

Read More

img

E-Invoicing Under GST – Know Everything

Electronic invoicing or E-Invoicing is a procedure in which taxpayers ...

Read More