GST Invoice Software

best gst invoice software

BEST GST INVOICE SOFTWARE:

Invoicing forms a crucial function when it comes to the execution of a transaction. The invoice becomes a basic document for recording the sale/purchase in books of accounts.

The government has notified rules of invoicing under GST along with a template of invoice(GST INV-01) covering the elements such as supplier’s details, GST tax rates etc that need to be presented.Higroove Systems is the best invoice software company in new delhi which rovide you the best technical and magnificient software.sSo,contact us now to improve your business capibilities.

LISTS OF BENIFITS OF GST INVOICE  SOFTWARE:

1. Life to get bit simpler:GST is expected to replace seventeen indirect taxes, eventually leading to falling in compliance cost.

2. Boost in revenue:The evasion is set to drop, which means that that input tax credit shall motivate the suppliers to pay the taxes. The central and state government will have duplicate oversight. This will eventually reduce the number of goods that are tax-exempt.

3. A unified common marketplace:At present the market is fragmented along the state lines, pushing the cost by twenty to thirty percent.

4. The cost of inventory and logistics to fall:The checks at the state border will slow the movement of trucks.

5. Boost investment:For most of the capital goods, there is no availability of input tax credit. The complete input of tax credit under GST shall mean a drop of 12-14% of the actual cost of capital goods. Forecast – six percent rise in the capital good investment and two percent overall.

6. Economically weaker states get a boost:The present two percent of inter-state levy means that the production is kept within the states. With GST national market coming into execution, this thing can be dispersed, thereby leading to some incredible opportunities for the economically weaker states.

7. Lower cost of manufacturing goods will lead to economic tax and logistic services:With the manufacturing goods becoming cheaper, the tax and logistics for them would also get economical.

hence,don’t waste your time and enhance your working through best gst invoice software

best gst invoice software
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best gst invoice software
best gst invoice software
best gst invoice software

INFORMATION REQUIRED TO ISSUE A GST INVOICE:

  1. Invoice number and date
  2. Customer name
  3. Shipping and billing address
  4. Customer and taxpayer’s GSTIN (if registered)**
  5. Place of Supply
  6. HSN code/ SAC code
  7. Item details i.e. description, quantity (number), unit (metre, kg etc.), total value
  8. Taxable value and discounts
  9. Rate and amount of taxes i.e. CGST/SCGST/IGST
  10. Whether GST is payable on reverse charge basis
  11. 5. If the recipient is not registered AND the value is more than Rs. 50,000 then the invoice should carry:
    i. name and address of the recipient,
    ii. address of delivery,
    iii. state name and state code
  12. Amount of tax
    (With breakup of amounts of CGST, SGST, IGST, UTGST and cess)
  13. Signature of the supplier

**If the recipient is not registered AND the value is more than Rs. 50,000 then the invoice should carry:

i. name and address of the recipient,

ii. address of delivery,

iii. state name and state code

Here is a sample invoice for your reference: