Top 6 Reasons to Choose Automated GST Filing Software

Launched on July 1, 2017, the Goods and Services Tax introduced strict tax reporting procedures across the Indian business world. Computing and filing returns is a tedious process. SMEs and MSMEs lacking technology awareness file returns manually, leading to delays or errors. However, GST filing software bridges the gap between the business world and the tax filing process. 

What is Automated GST Return Filing Software? 

Automated GST software is an application designed to assist businesses in complying with GST return filing laws. It automates tax calculations, recording, and filing returns. 

Let’s check out the reasons for choosing automated GST Return Filing Software. 

Top 6 Reasons to Choose Automated GST Filing Software

1. Seamless Reconciliation 

• GST software ensures accurate and effortless matching of purchase data with the suppliers to allow appropriate ITC claims. 
• This process compares the details entered by the purchasing department with those reported by the supplier. 
• Here’s how it works:
  • GST return filing software imports purchase and supplier data from the GST portal. 
  • It compares GSTIN, invoice number, date, and taxable value to match the invoices. In case of errors, they are flagged for verification. 
  • To allow prompt corrections, the GST application highlights mismatched values like taxable amount, invoice number, etc. 
  • It eliminates reconciliation errors by maintaining the latest information through continuous sync with the GST portal. 
  • GST filing software facilitates seamless reconciliation by displaying the reconciliation results on the dashboard. 
  • It also recommends solutions to resolve discrepancies. 

2. Automate Tax Calculations 

• Automating tax computations promotes efficiency and accuracy in the GST return filing process. 
• Manual calculations are time-consuming and prone to errors. It processes enormous volumes of data accurately, reducing errors and saving time. 
• It offers precise GST calculations, minimizing the risks associated with manual calculations. 
• It reflects the latest regulatory changes, eliminating the need to manually track and implement the updates. 
• Accurate calculations with online GST return filing software for CA reduce the risk of penalties and ensure that tax obligations are met properly. 
• It maintains detailed records of GST calculations for audits, allowing easy financial information retrieval and review. 
• Automating tax calculations reduces the need for extensive manual labour and eliminates financial losses. 

3. Streamlined Invoicing 

• GST return filing software simplifies invoice creation, management, and compliance. 
• It automates invoice generation by accurately completing GSTIN, invoice number, date, HSN/SAC codes, and tax rates. 
• The GST software ensures the invoices comply with laws to avoid legal issues and penalties. 
• It allows businesses to customize the invoice template based on their brand guidelines. This includes logo, brand colour, CTAs, and other custom fields. 
• GST filing software can generate bulk invoices for a large number of transactions. 
• Businesses can easily retrieve and access the previous invoices from the system. 
• It improves cash flow management through the timely delivery of invoices. 
• It also maintains an audit trail of invoices generated, modified, or cancelled.

4. Data Security 
   • GST return filing software for CA ensures confidentiality, integrity, and unavailability of sensitive information to hackers. 
   • It leverages encryption protocols like SSL/ TLS, ensuring data remains unreadable to unauthorized parties. 
   • Many GST software uses secure login mechanisms like MFA that allow only authorized access to the data. 
   • Regular security audits are carried out to spot the vulnerabilities in the system. 
   • GST return filing software ensures updates to protect your data against the latest security threats. 
   • GST software is integrated with regular backups that allow instant data recovery in case of accidents. 
   • A wide array of GST solutions adhere to the industry security protocols and other data protection rights. 
   • GST software also offers audit logs that maintain a complete trail of who accessed the data or modified it. 

5. Efficient Return Filing 
   • GST filing software streamlines return filing by automating the entire process from data collection to submission.
   • It automatically collects and consolidates data from various sources, eliminating manual entry and saving time. 
   • The software generates prefilled forms for GSTR 1 return filing, GSTR-3B, and more. 
   • Built-in validations cross-check the data for discrepancies before submission. 
   • It directly integrates with the GST portal to ensure the seamless submission of returns. 
   • Automated reminders notify users about filing deadlines and pending dues to avoid penalties.
   • It allows businesses with operations in multiple states to manage different GSTINs from a single platform.  

6. Intuitive Interface

• GST software with well-designed UI/U is easy to use. 
• A few free GST filing software programs offer dashboards that give an organized overview of financial status. 
• The software navigates the complexities of GST return filing by delivering a step-by-step guide. 
• Visual aids like charts, icons, graphs, etc., help taxpayers or other financial officers grasp complex information quickly.
• GST return filing software for CA offers a customizable interface. It allows users to set up the design based on their workflow or preferences. 
• The software is integrated with help and support, such as FAQs, a help desk, tech support, etc., which assists users in finding answers to their questions. 
• Also, the return filing software in India uses simple language easily understood by the common public. 

Wrap Up 

Please understand why you chose automated GST filing software for your business. If you have any questions, post them in the comment section below. We will surely try to answer them. 

Do you want to automate GST filing for your business? Try Munim’s Free GST filing software now! Hurry up! Register for free right away! 

FAQs

1. Why is it Important to Use GST filing software? 

GST return filing software offers precision in tax calculations, assisting businesses in staying GST compliant. 

2. Which is the best GST Filing Software in India? 

Munim is the best GST software in India. It is free GST software in India with unlimited benefits.  

3. Does Munim offer an intuitive interface? 

Munim is easy-to-use software with simplified UI/UX. It navigates the complexities of GST return filing through a streamlined process.