Introduction

GST is to be implemented country wide from 1st July 2017 for all existing assesses of VAT, Service Tax,Excise Duty etc. It envisages the creation of a single market by removal of state boundaries for all levies and elimination of tax burden due to cascading effect (tax-on-tax) & double taxation (tax on same value more than once at different stages in the supply chain) by ensuring seamless transferring of input credit through GST return filing of output and input supplies of goods and services.

GST brings numerous complexities

  1. HSN Code: Each item needs to be mapped with 20,000+ HSN/ SAC code
  2. Multiple GSTIN: Multiple branch location may have different GSTINs & Returns
  3. Reconciliation: Mapping seller & buyer entries for every invoice will be a pain
  4. Filing permissions: Define access to return filing rights between CA, Accountant & Clients
  5. Manage data: Manage data from ERP, accounting software or excel
  6. Invoice upload: Every single invoice needs to be uploaded by the 10th of each month

 

Comparison of top softwares for filing GST Returns

FeaturesTaxRaahiTallyBusyMargGenGST
Reconciliation
Accounting
Excel/ ERP ImportXXX
Mobile CompatibilityXXXX
Auto-Error checkXXXX
Pricing
(Single-User)
Rs. 4,999Rs. 21,780Rs. 13,489Rs. 7,200Rs. 7,000
Pricing
(Multi-User)
IncludedRs. 65,340Price Not AvailableRs. 15,200Price Not Available

Disadvantages of Government Portal

GST Return Filing is a complex and comprehensive process which creates an issue sellers and service providers at all stages of the supply chain to get up to speed on compliance requirements.

But, the government portal is not suitable for an organization having a large number of invoices as acceptance and reconciliation are manual for each invoice. TaxRaahi GST software automates matching of your purchase register with the supplier data.

Moreover, for Chartered Accountants and other Professionals, login has to be done on government portal every time for each client separately. TaxRaahi GST software creates a session for a longer period to file return of multiple clients without having to log in multiple times.

Detailed Analysis of each software

  1. TaxRaahi
  • Handle multiple GST Registrations for multiple verticals in single state or operations in different states
  • GST return filing directly to GSTN under various prescribed Forms

  • Manually Input or Automatically Import all invoices from Purchases and Sales Ledgers maintained in any popular ERP Software (Tally, Busy, SAP, etc.) related to any transaction – B2C, B2B, Export
  • Import Sales register from multiple E-commerce Dashboards like Amazon, Paytm, Snapdeal, etc.
  • Reconcile each invoice for all outward supplies (from seller’s return) with inward supplies (from buyer’s return) and notify mismatches
  • Verify GSTIN of registered buyers or suppliers to prevent cancellation of Input Tax Credit and Auto-add for easy identification and management
  • Search for HSN Codes goods and services and Applicable Rate
  • Track and notify of upcoming due dates, progress and refund status of returns
  • Multi-User Access with usage rights and permission controls for every role (CAs, Accountants, and Clients)
  1. Tally ERP 9
  • HR and payroll
  • Investment
  • Multiple company
  • Financial management
  • Inventory management
  • Invoice
  • Product database
  • Supplier and purchase order management
  • Taxation Management
  1. Busy 17
  • Financial Accounting (Multi-Currency)
  • Inventory Management (Multi-location)
  • Production / Bill of Material
  • Sales / Purchase Quotations
  • Sales / Purchase Order Processing
  • Fully User-configurable Invoicing
  • User-configurable Documents / Letters
  • User-configurable Columns in Reports
  • CST / VAT Reports (State-specific)
  • Mfg / Trading Excise Registers
  • Service Tax & TDS
  • MIS Reports & Analysis
  1. Marg ERP 9+
  • 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 consideration like BED, AED Cass.
  1. Gen-GST
  • Payroll management
  • GST Preparation
  • GST Filing
  • Data and imports/ exports

Conclusion

TaxRaahi, under the aegis of LegalRaasta, steps in as an enabler to provide the best GST Return Filing software and online web portal suited to needs of all GST taxpayers and taxation professionals with unique and best-in-class features.