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Best gst billing and accounting software in india

Category : | Author :MasterGST

MasterGST is one of the first 34 licensed GST in India .MaterGST gives you best GST software experience. MasterGST providing both ASP’s and GSP’s. You can also be a partner with us.

MasterGST is simplest accounting software in India for GST. It is providing business accounting software with 24/7 customer support to guied you through software. Anyone can signup into MasterGST free account as CA\TAX professional,Asp/developer’ s ,suvidha centers,small\medium businesses,enterprises and partners. MasterGST Simplifies GST Return Filing into 3 to 4 steps.It is the best user friendly software for filing invoices. One who want to Manage multiple businesses at one software, MasterGST is best place for them.

MasterGST provides developer friendly API’s for ASP/DEVELOPERS.These API’s works on multiple platforms such as c#,.net,java,c++,c,etc… It Automatically Reconciliation and Shows Mismatch of invoices. MasterGST GST Software designed to manage multiple clients / GSTNs / Businesses at place, One time effort of adding your client and manage all at one place and avoid OTP generation all the time. Here while add your client you can validate your client details, GSTN Number and GST user name.

MasterGST designed GST Software to help every one to understand and confirms invoices are updated correctly or not with GSTN. You can see how many invoices in pending, uploaded, failed to upload. Any errors in Invoices you can see it and correct for failed invoices. This GST Software designed to manage your team and multiple users to use in your organization / audit firm. User level restrictions, Role level Restrictions, Super user control mechanism and all users can work on real time data. Also you can create a user to your clients to review or correction of invoices.

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GST Full Form and gst meaning

Category : | Author :MasterGST

What is GST ?

There are so many types of taxes that are charged by the Central and State Governments on Goods & Services.And all these taxes are united, and now
there is only one taxation system in India .And that is known as GST.

GST is the single taxation system in India .GST full form is Goods and Service Tax , As the name indicates it is an indirect tax on goods and services.
It replaced many taxes previously existed in India. Any person, who is supplying goods and services is responsible to charge GST.

About GST,It is collected on goods and services at every stage of sale or purchase in the supply chain.End consumer has to bear this tax.
the current tax structure does not allow a business person to take tax credits.

There are different types of GST returns are there, as shown in bellow:

GSTR-1(sales invoice)
  • Details of outward supplies of taxable goods or services or both effected.
  • Filing of Return must be done Monthly
  • On or before the 10th day of the month succeeding the said tax period
GSTR-2(purchase invoice)
  • Details of inward supplies of taxable goods or services or both claiming input tax credit.
  • Filing of Return must be done Monthly
  • Submission must be done after the tenth but on or before the fifteenth day of the month succeeding the tax period.
GSTR-3
  • Monthly return on the basis of finalization of details of outward supplies and inward supplies along with the payment of amount of tax.
  • Filing of Return must be done Monthly
  • Submission must be done On or before twentieth day of the month succeeding such calendar month or part thereof.
GSTR-4
  • Quarterly Return for compounding taxable persons are required to furnish the return.
  • Filing of Return must be done each quarter or part thereof
  • Submission must be done eighteen days after the end of such quarter.
GSTR-5
  • Registered non-resident taxable person are required to furnish the return.
  • Filing of return must be done Every calendar month or part thereof
  • Submission must be done twenty days after the end of a calendar month or within seven days after the last day of the period of registration, whichever is earlier.
GSTR-6
  • Taxable person registered as input Service distributor is required to furnish the return.
  • Filing of Return must be done Every calendar month or part thereof
  • Submission must be done thirteen days after the end of such month.
GSTR-7
  • Registered person required to deduct tax under section 51.
  • Filing of return must be done monthly.
  • Submission must be done Ten days after the end of such month.
GSTR-9
  • This is simplified annual return by compounding taxable persons registered under section 10.
  • Filing of return must be done yearly.
  • Submission must be done On or before the thirty first day of December following the end of such financial year.

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