Never miss a story

Get subscribed to our newsletter

GST- Goods and service tax. Flickr

By Shruti Sharma

The introduction of GST (Goods and Services Tax) in place of the complex indirect taxation framework in India will have positive effects on Indian businesses and the economy in the long run. However, the accounting process can turn out to be complex if the business does not have the right tool for business accounting.

Business accounting software can go a long way in streamlining the accounting processes in the organization but choosing an accounting software that has GST compliance is an absolute necessity. The automation and simplification of GST related adherence and invoicing should be core to your business’s accounting process.

Follow NewsGram on Twitter to stay updated about the World news.

Here are some of the major reasons why should choose an invoicing (or billing software) that complies with the GST norms:

GST Compliance

The accounting software should not only be easy to use but should also be capable of creating GST compliant transactions, filing GST returns, and generating e-way bills. GST can out to be confusing for first-time business owners, as well as new accountants.

A software package that has the core ingredients of GST Software can do wonders for the accounting department, bookkeepers, and the business owner. A regular dealer has to file GSTR-1 and GSTR-3B returns whereas a composite dealer has to file GST CMP-08. Tallyprime is one such accounting software that is suited for businesses of all shapes & sizes.

Filing GST returns

Accounting software helps in simplifying the accounting process. Pinterest

Apart from generating GST compliant bills, Tallyprime also lets you file GST returns by exporting all the forms in the JSON format and uploading the data to the GST portal.

Accounting software built by keeping the principles of GST in mind helps in simplifying the accounting process through GST invoice generation, GST returns and facilitating the transfer of data from the software to the GST portal.

Data Invoicing

Accounting software helps in the generation of invoices in a hassle-free manner. Issuing a wrong invoice to a party and realizing the mistake later can lead to friction between the two parties. Accounting software like Tallyprime has built-in features to capture all the mandatory details in the invoice thereby avoiding problems (due to wrong tax value, incorrect tax type, etc.) that can arise due to erroneous invoices.

Based on the nature of the transaction, the finance team members have the flexibility to generate different types of GST invoices such as tax invoices, bills of supplies, etc. Incorrect invoices can lead to losses in businesses and accounting software that has a built-in feature of data invoicing can help in avoidance of such issues.

Product updates to support the GST changes

Frequent changes in GST rules and laws range from rate changes to changes in return formats. The GST software should provide the facility for users to self-change the rates instead of them waiting for product updates. For all other things which affect the return format and other changes, you need continuous product updates to stay up-to-date.

If you are looking for reliable GST software, product update is a key factor to consider.


Security is of utmost importance in accounting software since you are dealing with financial transactions. The size of the transactions will be huge if you are a part of the accounting team in a large-scale organization.

Security is of utmost importance. Flickr

Role-based access in the accounting software ensures that members can access information based on the rights assigned to them.

Improved Systematization

Investing in accounting software that comes with GST-compliant billing and invoicing helps in systemizing the accounting processes. Your business can still function without accounting software but it might increase overhead expenses since you are not leveraging the advantages of automation.

ALSO READ: How To Demonstrate The Best Wine Etiquette


The complications around GST billing and invoicing can be eased by choosing the best-suited accounting software. It is a must-have for all types of businesses (i.e. large-scale as well as small-scale).

TallyPrime from Tally Systems eases the tasks related to taxation, thereby providing benefits in the short-term and long-term.

(Disclaimer: The article is sponsored, and hence promotes some commercial links.)



Kashmir's natural splendour, with its beautiful valleys and towering mountains, is really unlike anywhere.

Along with the undeniable natural beauty, the Kashmir valley has developed a reputation for adventurous activities like trekking, hiking, and river rafting. Kashmir has maintained its charm, allowing us to time-travel into beautiful destinations which make one forget about the stress and worries of life. The hikes in Kashmir offer adventurers to go on a self-discovery trip through nature's lap over the mountains while taking in the breathtaking scenery that surrounds them on their journey. In addition to the hikes, there are many thrilling adventure activities, like rock climbing, rope climbing, etc. Trekking across the region of mountains and lakes will allow you to experience living in the "Paradise on Earth," and you wouldn't want to return to your regular life after that.

The following are some of the finest hiking destinations in Kashmir:

Keep Reading Show less
Photo by Wikimedia Commons.

Pind Daan at Jagannath Ghat, Kolkata.

The Pitru Paksha starts after the Full Moon day, and this day marks the beginning of the waning phase of the Lunar cycle. This event is roughly of 15-day period, and is of great significance. From this day, rituals like Tarpan or Tarpanam and Shradh are carried out to pay respects to dead relatives and ancestors.

It is believed that from the very first day till the last day, the unhappy souls of the deceased return to the Earth to see their family members. So, in order to ensure that the dead attain Moksha, i.e. to get liberation, family members of these souls quench their thirst and satisfy their hunger by performing the Pind Daan, which includes offering food consisting of cooked rice and black sesame seeds. The literal meaning of Pind Daan is the act of satisfying those who no longer exist physically.

Keep Reading Show less
wikimedia commons

Cubbon Park is a lush green garden at the heart of Bangalore

At the heart of Bangalore city, a large 300-acre space of lush greenery and heritage stands as a symbol of the city's past, present, and future. Cubbon Park is every child's favourite park, every Bangalorean's haven of fresh air, and altogether, the city's pride.

It stands testament to the past, in terms of the diversity of flora it houses. Bangalore traffic in the recent past has grown into a menace, but the stretch between MG Road and Cubbon Park is always a pleasurable place to stop and wait for the signal to turn green. The gust of wind that blows here, and the smell of mud, coupled with floral scents instantly transports citizens to Old Bangalore, where the weather was fine, and the trees loomed over roads with thick canopies that did not even allow rainwater to penetrate. Cubbon Park is also a historical site, and one of the few remaining monuments of colonial heritage in Central Bangalore. It houses many statues and among them, the most famous is that of Queen Victoria, which faces the St. Mark's Square.

Keep reading... Show less