Best GST Software Available Online
Managing GST compliance can be complex and time-consuming for businesses. Thankfully, several online GST software solutions are available to simplify the process. Here are some of the best GST software options available online:
.Clear Tax
Features: ClearTax offers comprehensive GST solutions including return filing, invoice generation, and reconciliation. It is known for its user-friendly interface and detailed analytics.
Advantages: With robust customer support and seamless integration with accounting software, ClearTax is ideal for businesses of all sizes.
.Tally ERP 9
Features: Tally ERP 9 is a popular accounting software that has been updated to include GST compliance features. It supports return filing, invoice creation, and e-way bill generation.
Advantages: Its wide user base and extensive support network make Tally ERP 9 a reliable choice for businesses seeking integrated accounting and GST solutions.
. Zoho Books
Features: Zoho Books offers a complete GST solution including automated tax calculations, GST return filing, and real-time tax reports.
Advantages: With its cloud-based platform, Zoho Books provides accessibility and ease of use, making it a great option for small to medium-sized enterprises.
. SAG Infotech’s Gen GST
Features: Gen GST is known for its advanced features like GST return filing, bulk return filing, and error detection.
Advantages: Its specialized tools for professionals and businesses, along with its affordability, make Gen GST a strong contender in the market.
These GST software solutions help streamline GST compliance processes, reduce errors, and ensure timely filing of returns, making them invaluable tools for modern businesses.
Common Excuses Given by Vendors for Not Having GST Numbers
In the world of business transactions, encountering vendors who lack a GST number can be frustrating. Vendors may offer various excuses to justify the absence of GST registration, but businesses must recognize these reasons and understand their implications. Here are some common excuses given by vendors for not having GST numbers:
1. Small Business Exemption
One of the most frequent excuses vendors give is that their business falls under the threshold limit for GST registration. As per GST regulations, businesses with an annual turnover below a specified limit (currently ₹20 lakhs for most states and ₹10 lakhs for northeastern states) are exempt from mandatory GST registration. While this may be valid, it is essential to verify their turnover to ensure compliance.
2. New Business Setup
Vendors may claim that their business is newly established and that they are in the process of obtaining a GST number. This excuse highlights the importance of following up to confirm that the registration is indeed underway. Businesses should request proof of application or temporary registration numbers to ensure legitimacy.
3. Registration in Progress
Some vendors might assert that their GST registration is pending due to procedural delays. Given the bureaucratic nature of tax registrations, this can sometimes be a genuine reason. However, businesses should ask for a copy of the application acknowledgment or any correspondence with the GST authorities as verification.
4. Not Applicable to My Services/Product
Certain vendors may argue that their specific goods or services are exempt from GST. While GST does exempt certain items, it's crucial to cross-check this information against the official GST exemption list to ensure accuracy. Misinterpretation or intentional misinformation can lead to compliance issues.
5. Lack of Awareness
Vendors, especially those in rural or less urbanized areas, might claim ignorance of GST laws. Although this highlights the need for broader GST education, it is the responsibility of the purchasing business to ensure that they engage with compliant vendors. Providing resources or guidance to such vendors can sometimes resolve this issue.
6. Operating Under Different Tax Regimes
Vendors may excuse themselves by saying they operate under different tax regimes, such as the composition scheme for small taxpayers. The composition scheme allows small businesses to pay a fixed percentage of their turnover as tax, instead of GST. In such cases, verifying their registration under the composition scheme is crucial.
7. Temporary Suspension or Cancellation
At times, vendors may state that their GST number is temporarily suspended or canceled due to compliance issues. This is a red flag, indicating potential problems with their tax filings or business operations. Businesses should verify the status through the GST portal and consider whether engaging with such vendors is prudent.
Conclusion
Verifying GST numbers is crucial for ensuring the authenticity and compliance of businesses in India. With these top websites for GST number search, you can easily verify GSTINs and access detailed business information.
Whether you are a business owner, accountant, or simply someone looking to verify a GST number, these tools offer reliability and ease of use. Stay compliant and informed with these trusted GST search tools.
For more updates on GST and other tax-related information, keep following our blog. Happy verifying!