The GST has triggered a new demand for accounting software in the country. The people associated with this industry say that with the help of accounting software, enterprises are able to manage all GST compliance with ease. According to a survey, after the GST came into force, demand for accounting software has increased almost 200 percent in small and medium scale enterprises.
India’s Accounting Software Industry
Before GST came into effect, India ’s accounting software industry was valued to be around 500 crores. However, since July 2017, the industry has witnessed unprecedented growth. The growth was even more prominent during the first few months with market demand for accounting software peaking at 1500-1800 Crores. Presently, the industry is valued at 1000 to 1200 crores.
The perks have been mutual and GST has also benefited equally from the accounting software industry. The industry has helped in making GST compliance easy and free of ambiguities. Further, the accounting software companies have played a very important role in creating awareness among the taxpayers as well as playing a major role in getting rid of any preconceived misconceptions among the general public regarding India’s new indirect tax reform.
GEN GST Software: Complete Solution for Filing, Billing & E-way Bill
GEN GST software from SAG Infotech is a flag bearer for the accounting industry in the post-GST era. Within just a few months it has become the priority for a good number of small and medium scale enterprises for Secured GST e-Filing & Billing.
The multiple GST software modules coupled with the simple User Interface enables faster and easier GST tax filing as well as invoicing. All return filing is done online and the payments are accepted via Net Banking, Credit/Debit card. Transactions are done via secure payment gateways. And not just return filings, the software facilitates secure and prompt GST e-way bill generation with registration and cancellation features. The Gen GST software has within a short time period become the favorite accounting software among Indian enterprises of all scale and needs.
Also according to the market demand, Gen GST Software is now JAVA secured and completely OS & Platform independent which makes it usable on any smartphone, tablet, desktop. It also runs online/offline giving a complete freedom to the taxpayer concerning any connectivity issue.
