Best GST Software for Small Businesses for Return Filing & Billing

|Updated on: April 21, 2023

What is GST software?

TallyPrime is the perfect GST software for your compliance needs. It simplifies raising invoices, managing inward and outward supplies, and keeping books of record updated. TallyPrime ensures that your GST returns accurately reflect your accounts, making it the ideal GST return filing software for your small business.

TallyPrime is a complete GST-ready software that includes all necessary features from GST billing to GST returns, with error detection and correction mechanisms, and much more.

A complete GST solution for your business

TallyPrime is an all-in-one GST software that handles your compliance needs, including e-invoices, e-way bills, GST billing, and accurate GST returns. Its latest release offers a secure and efficient way to access Tally reports on the go via any device. Simply log in to the Tally portal on your web browser to get frequently used business reports from TallyPrime instantly.

Get started with GST billing in minutes using TallyPrime

Create GST bills effortlessly with TallyPrime in just three steps:

  • Enable GST 
  • Configure, tax rates, tax ledgers, and party details 
  • Create and print sales invoices 

TallyPrime’s GST software features

GST Invoicing: Easily manage all your GST requirements with TallyPrime. Create and manage GST-compliant tax invoices, bills of supply, and more, all with digital signatures. TallyPrime ensures comprehensive invoices with all necessary information to keep you GST-compliant.

E-Invoice & E-Way Bills: With TallyPrime, creating e-invoices and e-way bills is a breeze. This fully connected GST software allows you to generate them instantly, providing comprehensive insights into your business through GST reports. Additionally, it simplifies the process of creating e-way bills for the smooth transfer of goods.

Auto-filled GSTR-3B & GSTR-1: TallyPrime, a comprehensive business management software, offers intuitive features like one-time return filing with auto-filled GSTR-3B and GSTR-1, simplifying the entire process.

Accurate Return Filing: TallyPrime's Prevention, Detection, and Correction mechanism ensures 100% accurate GST return filing, boosting your confidence in the accuracy of your books.

Composition Scheme: Easily manage your composition scheme, from generating bill of supply invoices to filing CMP-08 returns, with TallyPrime.

Returns in Json & Excel File: TallyPrime makes it effortless to export your GST returns in excel or JSON format. It seamlessly facilitates any such requirement you may have.

Manage all Types of GST Transactions: Easily stay GST-compliant with TallyPrime's ability to manage various GST transactions, including reverse charge, imports, and advance receipts.

End-to-End Accounting: TallyPrime is an all-in-one business management software that supports every step of your GST-related processes. From recording to tracking, organizing, and updating your books of accounts, TallyPrime has got you covered.

Online Business Reports: TallyPrime now enables you to access business reports securely from any device, including mobile phones, through a web browser. This feature ensures uninterrupted business continuity from anywhere, at any time.

Business Reporting: TallyPrime is a comprehensive solution that provides a variety of insightful reports that can be customized according to your needs. Furthermore, Tally allows you to analyze and interpret the reports in a way that works best for your business.

Quick Setup: TallyPrime is an intuitive software that can be installed and started with ease. You can also configure GST rates and party details in just a few minutes.

Continuous Product Update: Keep yourself up to date with timely updates on TallyPrime to ensure support for new laws and changes.

Advantages of implementing GST software: 

  • Ensure accurate GST return filing with Tally's GST Software
  • Create invoices with ease, including multiple items and tax rates
  • Automate and streamline your GST filing process for improved efficiency
  • Keep precise records and track your business growth seamlessly
  • Stay GST-compliant with Tally's accounting and GST billing software
  • Manage complex scenarios such as advance receipts, reverse charge transactions, and more
  • Access business information from any device, anytime, with TallyPrime
  • Keep your data secure and make informed business decisions with Tally's comprehensive features

GST returns & statements in TallyPrime

Returns for regular dealers

  • GSTR-3B 
  • GSTR-1
  • Annual computation 

Returns for composition dealers

  • GST CMP-08 
  • GSTR-4  
  • GSTR-9A 

GST reports & statements:  

  • Incomplete/Mismatch summary
  • Input Tax credit summary
  • Advance receipt tax liability
  • Reverse charge tax summary
  • HSN/HAC summary
  • Document summary
  • Challan reconciliation report
  • e-invoice states report and registers
  • e-Way bill reports and register

Frequently asked questions about GST software

  • What are the types of GST returns?

The different types of GST returns are; GSTR 1, GSTR 2, GSTR 2A, GSTR 3, GSTR 3B, GSTR 4 (CMP 08), GSTR 5, GSTR 6, GSTR 7, GSTR 8, GSTR 9, GSTR 9C, GSTR 10, GSTR 11, GSTR 12. Each return form has a different meaning and to get a complete view of when you should file which return, you can click types of GST returns.

  • What is the eligibility criteria for GST registration?

All businesses are required to assess whether the business is liable to register for GST and accordingly obtain GST registration. The unique registration number must be obtained by every supplier effecting taxable supplies, subject to a threshold limit, by registering with the tax authorities so that all the operations and data relating to the business can be correlated and agglomerated.

  • How to use GST Software?

To use GST software, you must first have a basic understanding of different kinds of GSTs - CGST, SGST and IGST. For example, if you sell something within the state, 50% of the GST will be CGST and 50% of the GST will be SGST. But when you sell something outside a state, 100% of it will be IGST which will go to the Central Government. Using a GST software will help your business become tax compliant, hassle-free.

  • What are the due dates of filing GST returns?

The government on March 24 announced an extension of the last date for filing GSTR-3B for Goods and Services Tax (GST) for March, April and May to June 30, amid the Corona Virus chaos. Ever since GST was introduced, there have been several changes in the due dates of return filing. To avoid paying any late fees, it is always advised to stick to the timelines and keep yourself updated about the due dates.

  • What is a composition scheme?

    The composition scheme under GST is designed to provide relief to small taxpayers by offering them a simpler compliance process and a lower, fixed tax rate on their turnover. It is essential for businesses to have a clear understanding of the composition scheme and its benefits.

  • Which Tally version is best for GST?

TallyPrime, the whole new version of Tally, is a complete GST software to manage all your GST compliance requirements. Right from generating GST compliant invoices to filing GST returns, TallyPrime is your one-stop solution for your business. What’s more? The latest release of TallyPrime is enhanced with a fully connected solution to generate e-way bills and e-invoice.

  • Does Tally software support GST?

Yes, TallyPrime, the latest version of Tally, fully supports GST.  Generating GST invoices, connected solution to generate e-way bills and e-invoices, filing GST returns such as GSTR-3B, GSTR-1 and GST CMP-08 etc. are some of the features of TallyPrime.

  • What are the benefits of Tally GST software?
    • Ease of billing and generating GST compliant invoice
    • Accurate GST Returns such as GSTR-1, GSTR 3B and GST CMP -08
    • Connected solution for seamless e-invoicing and generating e-way bills
    • Prevention, detection, and correction capabilities for error-free billing and return filing
    • Continuous product updates to keep you stay updated with statutory changes

  • How is GST calculated?

GST is calculated on the taxable value of supplies considering the GST rate applicable on the product or services. Let’s say if the taxable value is 10,000 and the GST rate is 18%, the total GST calculated is 1800. This is split into CGST (900) and SGST (900) if it is intrastate supplies. In case of inter-state, the entire GST will be calculated as IGST

  • How long does it take to implement GST software?

    TallyPrime can be easily implemented as a GST software within minutes. Its installation process is simple, and configuring GST details such as tax rate set-up and invoice printing is quick and efficient.

For buying or upgrading to Tally's GST Software online, visit Buy/Upgrade Tally GST Software online.

Visit Download GST Software

Watch Video on How to Set GST Details in TallyPrime GST Software


Read More on GST

GST Software for CAs, GST Software for Traders, GST Invoicing Software, GST Calculator, GST on Freight, GST on Ecommerce, GST Impact on TCS, GST Impact on TDS, GST Exempted Goods & Services, Reverse Charge Mechanism in GST, GST Declaration

GST Rates & Charges

GST Rates, GST Rate Finder, GST Rate on Labour Charges, HSN Codes, SAC Codes, GST State Codes

Types of GST

CGST, SGST, IGST, UTGST, Difference between CGST, SGST & IGST

GST Returns

GST Returns, Types of GST Returns, New GST Returns & Forms, Sahaj GST Returns, Sugam GST Returns, GSTR 1, GSTR 2, GSTR 3B, GSTR 4, GSTR 5, GSTR 5A, GSTR 6, GSTR 7, GSTR 8, GSTR 9, GSTR 10, GSTR 11


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