All businesses with a turnover of over Rs 5 crore are mandated to generate e-invoices for all B2B transactions.
Shivam Infosystem provides an E-invoicing Software designed specifically for GST (Goods and Services Tax) purposes in India. This software caters to the unique requirements of generating electronic invoices that comply with the GST regulations. Here are some key features of Shivam Infosystem's E-invoicing Software for GST:
Features and Benefits:
Generate electronic invoices that adhere to the GST requirements mandated by the Government of India. This ensures compliance with GST regulations and facilitates seamless tax reporting.
Real-time GSTIN Verification::
Verify the GST Identification Number (GSTIN) of your customers in real-time to ensure accuracy and authenticity. This helps prevent input tax credit issues and ensures compliance with GST regulations.
HSN/SAC Code Management:
Efficiently manage and assign Harmonized System of Nomenclature (HSN) or Service Accounting Code (SAC) to your goods or services for GST classification and reporting purposes. This simplifies GST compliance and reporting.
Automatic Tax Calculation:
Automatically calculate GST taxes based on the applicable rates and rules for different goods and services. This feature reduces manual errors, saves time, and ensures accurate tax calculations.
GST Return Filing:
Generate GST return files directly from the e-invoicing software, simplifying the process of filing GST returns. This feature helps streamline compliance with GST regulations and reduces manual effort.
GST Reports and Analytics:
Access comprehensive reports and analytics on your GST transactions, tax liabilities, and input tax credits. This enables better financial analysis, helps identify areas for improvement, and supports informed decision-making.
Data Export and Integration:
Export data from the e-invoicing software for integration with other systems, such as accounting software or ERP (Enterprise Resource Planning) systems. This streamlines data flow and enhances overall operational efficiency.
Regular Updates and Compliance:
Stay up to date with the latest changes in GST regulations and receive regular software updates to ensure ongoing compliance. This feature helps you adapt to regulatory changes seamlessly and avoid any non-compliance issues.
Shivam Infosystem's E-invoicing Software for GST in India provides businesses with a comprehensive solution to generate, manage, and comply with GST-related invoicing requirements. It simplifies the invoicing process, improves accuracy, and ensures compliance with GST regulations, ultimately helping businesses streamline their operations and tax reporting.