The biggest tax reform in India occurred with the implementation of the goods and services tax (GST) from 1st July 2017. There is much being written about the new tax regime to help businesses get clarity.
However, even after five months, there is confusion about the GST regime. Several companies have launched various mobile apps to ease the burden on business owners. Here are some features you must consider when choosing the best app.
Digital security is most important in today’s technically developed world. Secure apps will protect the confidential information and avoid compromising your important business data.
GST has several compliance requirements. Therefore, the GST app must be adaptable across multiple platforms, such as desktops, mobile phones, and tablets. This enables quick and easy filing of GST.
Most businesses use some accounting tools for book-keeping purposes. Setting up data within a new application is difficult. The chosen app must be flexible to seamlessly integrate with existing systems.
Under the new tax regime, sellers need to file a large number of returns each year. The GST application must be intelligent to ensure business owners never miss a deadline.
5. User interface and reports
Ensuring the chosen app has a friendly user interface is important. Moreover, the app must provide useful reports to make quick and accurate decisions.
Based on the aforementioned features, here are four apps that are good options.
1. Karvy GST
This app is offered by the financial service provider Karvy. Business owners are easily able to access information about the laws here. Furthermore, it provides regular updates and various forms required to meet the compliances. Companies may also complete the GST registration procedure from here. The interface is clean and does not have any advertisements.
2. Tally for GST
Tally is one of the most popular accounting software providers in the country. The company is a registered GST Suvidha Provider (GSP) and offers an excellent mobile app. It is clean, easily navigable, and advertisement free. All articles are written in simple easy to understand language and informative. Business owners may find beneficial information about GST, its impact, and latest events and news. It is available for iOS and Android platforms.
3. GST Hindi Bill
This app provides the impact of GST on businesses in simple language. Users easily will understand what things will become expensive and what becomes cheaper in the new tax regime. However, there is no news and is available for Android and iOS.
4. Jio GST
Reliance is a registered GSP and offers an app-based platform that enables small and medium enterprises (SMEs) file their returns. It is compatible with other billing software programs and makes SMEs ready for the new tax regime. Companies do not need to acquire any additional software or computers to start being GST-compliant.
Several apps are available in the app store; however, business owners need to be cautious while making their choice. The aforementioned apps are some of the best available options that make your GST experience seamless and less cumbersome.