Top Features to Consider While Choosing Your GST Filing Software

Many countries are leveraging GST filing software to streamline their compliance activities. Introducing a drastic change in the GST return filing process, the software has gained momentum across Indian industries. It is driving companies from traditional billing to digital invoicing, ensuring a smooth workflow. It digitizes the complete billing process and optimizes compliance for businesses. 

Let’s scroll down to see GST return filing software. 

What is GST Filing software? 

GST filing software saves time and effort when filing goods and service taxes. It streamlines the compliance process, simplifying the complexities with a simplified interface. Let’s quickly review the top features when choosing GST software. 

Top Features to Consider While Choosing GST Return Filing Software

1. Easier Invoicing 

It is crucial to have an easier invoicing feature in your GST return filing software for CA. Look for GST software that can create GST-compliant invoices. It automates the creation, management, and submission of invoices for accurate tax calculations. It allows businesses to generate customized invoices by integrating the brand logo, theme, contact details, and more. It also has some predefined templates that can be used directly. It allows businesses to generate IRNs and QR codes directly from the software. 

GST filing software automates invoices, reducing manual errors and saving time. These invoices are GST compliant and include accurate GST rates based on products. This minimizes the risk of penalties due to incorrect tax calculations. Also, it introduces bulk invoicing for large datasets, generating multiple invoices at once and saving time. 

2. Inventory Management 

GST return filing software should be integrated with warehouse management solutions that monitor stock levels. It allows businesses to seamlessly manage warehouse operations and update stocks on time. It also helps businesses know warehouse status to avoid stockouts and overstocks. It automatically adjusts stock levels based on purchase, sales, returns, and wastage. It ensures accurate stock records and saves human efforts. It provides complete reports on stock levels, movements, transactions, and histories for audits. 

The GST software can be integrated with an e-way bill system to generate bills directly from the inventory module. This allows businesses to ensure GST compliance for goods movement. For perishable goods, the software tracks expiry dates to reduce waste. 

3. GST Return Filing 

Filing GST returns is a time-consuming and challenging task. Make sure the GST return filing software you choose eases the process. It automates data entry by directly fetching the records from government Excel or other software. It automatically computes, documents, and files GST returns, saving time. 

The software ensures smooth GSTR 1 return filing, GSTR 2A, GSTR 9, and more. It offers a single-click solution to lengthy GST filing procedures, reducing the need to visit the GST portal. It facilitates the reconciliation process by identifying discrepancies like missed invoices and incorrect entries and assisting businesses in making corrections. It also allows the users to upload the returns to the portal directly, eliminating separate login attempts. 

4. Customer Management 

The best GST return filing software in India is equipped with an advanced reporting system. It has additional tools to customize reports based on business topics, industry trends, tax obligations, customer buying behavior, and business nature. These reports facilitate intelligent decision-making and encourage business success. 

GST software provides users with reports sorted by date, customer names, product categories, sales, location, and more. Data interpretation becomes easier with GST filing software’s charts, graphs, and other visual elements. Advanced analytics compute KPIs, trend analysis, variance analysis, and predictive modeling. The next-gen reports give a holistic view of business operations. 

5. Generate Customized Reports 

The best GST return filing software in India is equipped with an advanced reporting system. It has additional tools to customize reports based on business topics, industry trends, tax obligations, customer buying behavior, and business nature. These reports facilitate intelligent decision making encouraging business success. 

The GST software provides users with the reports sorted based on parameters like date, customer names, product categories, sale, location, and more. Data interpretation becomes easier with charts, graphs, and other visual elements from GST filing software. With advanced analytics, it computes KPIs, trend analysis, variance analysis, and predictive modeling. The next-gen reports give a holistic view of business operations. 

6. E-way Billing 

The best GST filing software simplifies creating e-way bills for business transports exceeding certain limits. It allows users to manage single or multiple e-way bills with just a few clicks, improving workflow and ensuring compliance. It also ensures that all e-way billing requirements, such as threshold limits, are met, which are crucial to generating e-way bills. 

For businesses with high transaction volumes, GST filing software creates bulk e-way bills. It also allows for the cancellation and amendment of bills if needed. 

Munim-Free GST Filing Software 

Munim is a one-stop solution for computing and filing returns. It allows easy GSTR 1 return filing. Let’s have a look at Munim’s Free GST filing software perks. 

• Easy-to-use interface 
• Single-click solution 
• Free to use
• Embedded with advanced features 
• It comes with new updates 
• Highly secure 

Wrap UP

Hopefully you understand the features to look for when choosing GST filing software. If you have any queries, shoot them here. We will surely try to answer them. 

If you are looking for free GST filing software with endless perks, Munim is the right choice for you. Try our software right away. 

FAQs

1. What is GST Return Filing? 

GST return filing refers to the process of periodically submitting reports of businesses’ sales, tax paid, and purchases. This process helps businesses stay GST compliant by helping them calculate and pay tax liabilities on time.   

2. How do I register for Munim Free GST filing software? 

• Go to the Munim home page
• Click on Signup 
• Enter mobile number 
• Enter OTP and register for free 

3. What are the Benefits of Munim Free GST filing software? 

• Automate Filing 
• GSTR 1 Return filing
• GSTR-3B 
• Desktop solution 
• Smart filing system 
• Intuitive Interface