GSTN to provide free Accounting & billing software to MSMEs

GSTN to provide free Accounting & billing software to MSMEs

Goods and Service Tax Network (GSTN) has started offering free accounting and billing software to the micro, small and medium enterprises (MSMEs) with an annual turnover of up to Rs 1.5 crore, which would benefit approx 80 lakh small businesses.

This software would help businesses create invoices and account statements, manage inventory and prepare GST returns. The said software is available under ‘Download’ tab on the official GST portal www.gst.gov.in, GSTN said in a statement.

GSTN has partnered with some Billing and Accounting software vendors for providing free software to the Micro, Small and Medium Enterprises, with annual turnover under Rs 1.5 Cr, in a financial year. As of now this facility is made available to the active Normal taxpayers, SEZ Developers/SEZ Units and taxpayers who have opted for composition scheme under the Goods and Services Tax (GST) regime.

This software providers offer basic features like sale/ purchase/ cash ledger, inventory management, supplier/ customer masters, generation of invoices, preparation of GST returns for free, while some of the services like an additional feature like bank reconciliation, account receivable would be chargeable.

The software would be available free of cost to eligible taxpayers till 31.03.2021 or till the taxpayer’s annual turnover remains under Rs 1.5 Cr in a financial year, after which the taxpayers may have to pay a fee to the vendor.

To view and download the accounting and billing software on the GST Portal, perform following steps:

1. Access the https://www.gst.gov.in/ URL. The GST Home page is displayed.

2. Login to the GST Portal with valid credentials.

3. Click the Downloads > Accounting and Billing Software option.

The user manual and FAQs for the same and vendors providing software can be viewed at the following links:

http://bit.ly/2QuxR3U

http://bit.ly/2wr9nzr

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