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GST Return Filing Software for CA & Tax Consultants - Easy GST
For proper transfer of goods and services, companies have to consider the associated tax rules carefully first. One of the important ones to focus on is GST (Goods and Services Tax). This is a consumption-oriented indirect tax for commodities and services, specifically in Indian states.
GST taxation centers around the overall production process and the Tax consultants and CA professionals monitor the system entirely.
Here, these professionals can profit highly from the use of the Best GST Return Filing Software available for invoicing and return filing practices.
The regulations for GST in India are complex overall. With these software tools, such tasks are easier to handle for such consulting professionals altogether.
In this article, you would learn about the multiple ways in which the CA and Tax consultants, and their clients, benefit from utilizing such software.
What is GST return filing?
Overall, a GST return is a form of documentation for the taxpayer to include the details of their expenses, purchases, sales, and income points. Later, the tax administration authorities use this data for tallying the net tax liability of the consumer.
According to the GST laws, the GST returns that a registered dealer can file must include details on:
Input tax credit for purchases
Output GST for sales
Invoice-level details the Tax and CA consultants help with
As a CA or Tax consultant, you would have to provide support to your clients for their GST return-related assignments. With GST Return Filing Software in India, managing all the details for clients is easier for these professionals. The particular invoice-centric details these professionals typically handle are:
The Central Tax, State, Tax, and Integrated Tax details with all tax rates
The taxable values based on individual tax rates
Accurate details related to the GSTIN number, invoice number, and place of supply of the recipients like the invoice value, date, and affirmed GST format
A summary breakdown (HSN-wise and/or goods-description-wise) for return filing
Division of the invoices as per reverse charge-based taxes and e-commerce operator-related supplies
Notably, the chartered accountants and tax consultants follow particular legal rules while monitoring invoice creation for GST return filing. They keep the receipts that are over the government-specified invoice value during B2C transactions in a separate table.
Altogether, this is easier to manage via the GST accounting software. The same goes for additional tax-centric details, such as exempt supplies, debit/credit notes, advance-related tax liability, exports, and advance adjustments.
GST filing services CA and Tax Consultants focus on
The GST filing software constitutes important aspects related to the GST estimation process. Typically, the approach of GST return filing involves more than simply adding the values or filing numbers.
It focuses on multiple aspects like producing client-centric notifications/reminders, GST Reconciliation, and GST payment workings. All of these factors, and more, become simpler to deal with for the professionals with the software version.
Types of customers CA and Tax Consultants handle
As a tax consulting professional or a CA, you would deal with a multitude of customers. In the context of GST regulations, you would have to deal with mainly two types, in a more generalized sense.
Many clients maintain physical copies of their GST files. Thereafter, the professionals can use the Easy GST Return filing software to digitize these invoices.
On the other hand, some of the clients download the software for direct usage. In fact, many of the CA and Tax consultants suggest this to their clients point blank. As their CA or tax consultant, you can get their invoice details digitally and generate return filing accordingly.
Common points to consider regarding the GST invoice data for return filing
For well-organized and accurate GST return documentation, the Tax consultants and CAs should gather their clients’ GST details first.
After getting the details, one should consider points like the accuracy of the tax rate and HSN codes, filing ability, and additional details like place support and recipients’ GSTIN numbers.
Here, having a tool for stable data auditing and quick revisions is valuable. On that note, the GST-centric accounting software choice is an acceptable alternative.
These tools are easier to operate, in-built automated analysis software, GST creation, and return filing. The information adds into these files automatically and securely, and GST return generation is quicker as well.
Benefits of GST return filing software
There are multiple notable advantages to utilizing this type of software for CAs and Tax consultants. Some of the benefits of using GST Accounting Software are:
1. GST engine-based inbuilt features
Tax consultants and CA professionals get access to built-in features for accurate data input for the GSTN. These include:
Validation of the invoice, CN, and DN numbers, and date
Validation of the place of supply
Any unregistered and registered transactions
2. Return filing
With the software tool, the work of the Tax and CA-centric professionals gets simpler to handle. Therefore, you can manage your purchases and complete the GSTR 9, GSTR 3B, and GSTR 1 types of filing quickly.
3. Smooth ERP integration
The GST return filing software is simple to integrate with any existing ERP. Whether using it on their own time or helping the client understand the integration steps, the CA and Tax professionals benefit well from it.
Certainly, one can easily manage the GST information transactions between the GST and ERP software tools after using the aforementioned program.
4. E-way billing
With the help of the software, the CA professionals can get access to the end-to-end encrypted data and create detailed bills. Moreover, users have the chance to log their E-way bill history quickly, push notifications, and complete several actions for EWB management.
5. E-invoice generation
For accurate return filing, invoice generation is important to focus on for brands. Therefore, tax consultants and CAs consider the e-invoice generation feature of the GST software to be highly beneficial for them and their clients.
Indeed, from GST reconciliation to IRN/EWB generation privileges, the invoicing and return filing tasks complete much faster.
Why should CAs and Tax Consultants employ Easy GST accounting software?
Besides the ones mentioned in this article, the GST software options contain a range of features that simplifies the whole system for users. Indeed, this software is useful for quick invoice digitization, handling regular GST estimation checks, and audit detailing errors.
Not to mention, tax consultants and CAs can generate return filing data files more promptly for their diverse clients easily through this.
Ergo, are you looking for suitable Easy GST accounting software for your professional or personal use? Connect with Easy GST and discuss!
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