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Create GST Invoices & Push transactions into GSTN portal in Excel, JSON or CSV Format & File GSTR 1, GSTR 2, GSTR 3B, GSTR 4, GSTR 9 directly from the software
No manual data entry required. Import and export all data with just a click. Check Account Balance, Account History, Invoices, Quotations, Payments and Alerts till Balance Sheet
Marg GST software empowers you with complete GST solution from billing till return filing. It lets you create beautiful invoices in GST format and manage all your finances without any accounting knowledge. Marg GST software is designed to reduce your taxes & compliance burden so that you can focus on running your business.
Marg GST software provides you with the best GST Billing and Return Filing experience. We aim at reducing your business operation cost by significantly reducing the compliance time. Marg GST Software with help you file GST return much faster directly from the software. You can directly push transaction into Excel, JSON or CSV format from the software on to GST Portal & file returns in few clicks.
You can easily file GSTR 1, GSTR 2, GSTR 3B, GSTR 4, GSTR 9 with Marg GST Software. Whether it's generating your GSTR1, GSTR2, GSTR3 or calculating your tax liabilities and input tax credits, or filing your returns, Marg GST Software adheres to the GST law and helps you stay GST-compliant.
Marg GST Software for Billing & Accounting can be customized as per the business you are doing without any hassle. Marg GST Software provides you with the option to send the bills through email automatically which saves time. With Marg GST Software, you can also switch over anywhere from bill to bill which saves a lot of time.
A data validation tool inside Marg GST Software checks all the GST Return errors & validates the data during Internal Audit. This helps to minimize the risk by indicating all the errors that exist in the invoices and file GST Return on time.
Marg GST Software enables you to easily reconcile GSTR 2, GSTR 2A without logging in to GST portal frequently and download the purchase bills in order to match them in the software. We always keep you up-to-date on all the critical numbers & taxes with 1000+ MIS reports that can be customized according to your company requirement. Marg GST Software is the best way to file your taxes along with managing your business, as you get complete business solutions at one place. Stay GST Compliant with Marg ERP & leave your tax filing burden to us!
GST (Goods and Services Tax) as the name suggests is a Single, Comprehensive Indirect Tax levy on manufacture, sale and consumption of goods and services at a National level.
It is a tax on goods and services with value
at each stage having comprehensive and continuous chain of set-of
from the producer’s/service provider’s point up to the retailer’s level
where only the final consumer should bear the tax.
GST has become a reality and has eased the fact of doing business a major transformation in the Indian economy. it will ensure a smooth execution of businesses and simplify it in a way they are prepared for the roll out of the uniform indirect tax regime.
The earlier tax system involved multiple taxes, complex compliance procedures, and intervention by several State and Central tax divisions. Doing Business was never easy in India, but with the onset of the GST regime, starting up with a new business is much easier and now instead of applying taxes on the total value of the product at each stage, the GST imposes tax on value addition. Moreover, the new tax system also provides credit for the input tax paid at each previous stage of a supply chain, this method considerably reduces the overall cost of manufacturing and selling goods.
GST the biggest tax reformation came into existence on July 1, 2017 and with that GST Registration became an important aspect to identify tax payers ensuring compliance in the economy.
By Getting registered under GST law
obtain a unique number ( GSTIN) from the concerned tax authorities and
entitled to collect tax on behalf of government and avail Input tax
But it is very important to understand who needs to register, how he will get himself registered and what is the eligibility criteria for getting registered.
Registration for Existing taxpayers
Any existing business who is registered under service tax or has VAT registration can register themselves on GST Portal.
Basic requirement for Registration
Today more than 1 crore taxpayer have got themselves registered and majority of the VAT businesses have been migrated to GST. The Government is expecting the figure to cross 2 crore mark in a years time.
Eligibility criteria for Registration Procedure
Documents for GST registration
The documents required for GST registration are as follows.
Cases where Registration is compulsory irrespective of Threshold Limit
Checking Approval Status of Application You can track the status of your GST application by logging on www.gst.gov.in and scroll down to the bottom of the page and click the registration status. The status of the application can be checked by entering the registration Number, provisional ID or your pan number.
Composition is a method of levy of taxes designed for small taxpayers whose turnover is up to Rs. 75 lakhs ( Rs. 50 lakhs in case of few States).
The aim of composition scheme is to bring simplicity and to reduce the
compliance cost for the small taxpayers.
Every tax system prescribes several actions which need to be taken by businesses to ensure compliance with statutory provisions. Things like periodic payment of taxes, filing timely returns and maintaining prescribed records are necessary steps in a tax system for corporate taxpayers. However, small business owners find it overwhelmingly challenging to deal with such requirements of the law due to lack of knowledge and expertise.
To make compliance easier for small businesses, many state governments have provisions in their VAT system for payment of a composition levy by small businesses. This ensures greater compliance without the need for maintaining copious records. Although such a system is missing in Service Tax laws.
The One Nation One Tax Scheme (GST) which promises to club all the indirect taxes into one also boasts a composition scheme for small businesses. The GST Composition Scheme will make compliance with tax laws hassle free for eligible businesses opting for the scheme.
Here are some key features of the scheme:
Eligibility - Not everyone is eligible to enrol under this scheme. It is meant for taxpayers whose aggregate turnover does not exceed Rs. 75 lakh threshold in a Financial Year.
Tax rate - Rate of tax as prescribed will be less than regular GST but not less than 1% of the turnover during the Financial Year. Tax rates under the scheme are expected to be between 1% and 3%.
Not eligible for Input Tax Credit – As per section 16, those goods and services on which Composition Tax has been paid (under section 8) do not qualify for Input Tax Credit.
Applies to Intra-state supplies – Local suppliers, i.e., those who supply within a state can only take advantage of this scheme. Inter-state suppliers will come under regular GST laws.
Needs voluntary application – Taxpayers need to make voluntary registration every year for getting the benefits of GST Composition Scheme. However, if the taxpayer crosses the minimum turnover limit of Rs. 75 lakh then he will be transferred to regular scheme. Taxpayers who are already a part of VAT Composition Scheme also need to voluntarily register for this scheme.
Quarterly returns – Instead of filing 3-4 returns monthly, taxpayers registered under this scheme will be required to file returns once every quarter.
Bill of supply not tax invoice – Unlike regular scheme where a taxpayer needs to present tax invoice to the tax authorities, taxpayers registered under this scheme need to present bill of supply.
Penalty – If a taxable person is found not eligible for this scheme then the tax authorities can impose a penalty equal to the amount of tax on such person along with his tax liability. So, utmost care needs to be taken when opting for this scheme and paying taxes.
A regular taxpayer needs to furnish monthly returns and one annual return under GST. The whole process of returns has become a vital and powerful tool to implement the ‘data and revenue’ collection system under the GST Regime.
A Return could be defined as a detailed document/statement containing the
income which a taxpayer is required to file and could be further used by
tax authorities in calculation of the tax liability.
Any registered taxpayer has to file GST returns which includes: Purchases, Sales, Output GST (On sales), Input tax credit (GST paid on purchases), etc. Before filing the return, payment of tax due is compulsory otherwise such return will be invalid.
GSTR-1 is meant for outward supplies/sales or services i.e. the summary would be generated or the user can view the tax details for whatever sales that has been done.The GSTR1 is not applicable to composition vendors, non resident foreign taxpayers and those with an Unique Identification Number.
Dates for filing GSTR-1 : The GSTR-1 return for a month can be filed between 1st and 10th of the following month. For example For filing the GSTR-1 for Feb 2018, you can file it on any day between 1st and 10th of March 2018.
GSTR 2 is meant for inward supplies or purchases i.e. the summary would be generated or the user can view the tax details for whatever purchases that has been done.
All the purchases made from a registered vendor, the information from their sales returns (GSTR-1) will be available in the GSTN portal as GSTR-2A for you to use in your GSTR-2. Before you file your return, you can check this information, make changes if necessary, and add any details that were not auto-populated.
The GSTR-3 is a document which contains the details of all the transactions during the month, including purchases, sales, and interstate movement of stock for a particular month. The GSTR3 is auto-generated based on the information available inside the GSTR-1 and GSTR-2 that have been filed for the same tax period. All the registered tax payers under the GST who have either opted for the composition scheme or have a Unique Identification Number (UIN). This return is also not applicable to non-resident tax payers.
GSTR-3B is a simple provisional tax return form introduced by the Central Board of Excise and Customs (CBEC)/GST Council only for the month of July and August. In simple terms, GSTR-3B is a temporary and simplified government return form which is being introduced and will be used by the taxable person who is registered as regular dealers. This form will be used for the purpose of filing returns only for the month of July and August 2017 in lieu of the normal returns.
GSTR-3B was a step to ease the return filing process for the first two months ( July & August) so that businesses can adapt to the changes brought in by the implementation of GST in a radial manner.
Since a lot of small and medium businesses were using manual accounting methods, filing returns within the July 2017 deadlines was difficult for many of these businesses and therefore GSTR3B concept came into existence for the months of July to December 2017, so that it provides time to the businesses to understand and make themselves ready for filing the more complex GSTR 1, 2 and 3 returns.
GSTR-4 is filed once every 3 months by a registered tax payers who has opted for the composition scheme (they are known as composition vendors). It contains the total value of the sales and supplies made, the tax paid at compounding rate, and invoice-level details of purchases the composition vendor made from other registered tax payers during the tax period. GST Returns for those tax payers who falls under Composition Scheme and the turnover is less than 1.5 crore. Marg ERP has simplified the whole process of generating GSTR 4 for their users.
The supplier of Goods generally pays the Tax on supply but on occasion when the reciever/purchaser becomes liable to pay taxes, such a condition is termed as reverse charge. The concept of reverse charge under GST came into force to increase tax compliance and tax revenues.
The earlier taxation system was unable to collect service tax from various unorganized sectors like goods, transport etc.
Time of Supply
The time of supply is the point when supply is liable to GST. In reverse charge, the recipient is liable to pay GST and thus time of supplies under reverse charge is different from the supplies which are under forward charge. During supply of goods the time of supply is earliest of
For example: If the goods are received on 18 th Feb2017 ,the date of payment was 18 th Feb 2017, date of invoice is 2nd March 2017 and the date of entry in the book of recipient is 20 th Feb 2017. In such a condition , Time of supply will be considered as 20th Feb 2017 and if the supply date could not be determined it will be considered as 20 th Feb 2017, i.e. Date of entry.
Services Under reverse Charge
In case of supply of services, time of supply is earliest of
An invoice or a Bill could be defined as a list of goods sent or services provided, along with the amount due for payment. GST compliant invoices can be made with Marg ERP 9+ Software.
For all the businesses which are GST registered they need to provide GST-complaint invoices to their clients for sale of goods and/or services. All the GST registered vendors provide GST-compliant purchase invoices to you.
Mandatory fields under GST invoice
The GST invoice is issued to charge the tax and pass on the input tax credit. Some of the mandatory fields under GST invoice are
Time Limits to issue GST tax invoice
There is a specific time limit to issue GST tax invoices, revised bills, debit note and credit note. The due dates for issuing an invoice for goods in normal case is on or before date of removal of delivery. And in case of continuous supply of goods it is on or before the date of issue of account statement. The Time limit in case of normal services is within 30 days of supply of services.
Your Client's Data Security is our priority & we make sure you never compromise on the same. In Marg GST Software for CA, you can store data of your clients on your PC & file GST returns easily in one click.
E-Retail app is a step much Faster & reliable for ordering. It increases the
order value and adds mobility for retailers when placing an order to their
suppliers / distributors. The user can track their short supplies and view
suppliers offers, stock rate, schemes and can also check their ledger and
outstanding with much ease.
The eRetail app made for Retail business increases the retailer’s efficiency and connectivity with their distributors and suppliers which ensure long and healthy relationship. The eRetail app assures easy search of items and gets a 24*7 access for ordering anytime. The app is error-free and time-saving while order feeding/ punching through automated diary system. Moreover, The app also is easy to use and helps run your business efficiently.
Features of eRetail app
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E-order app is enriched with some beneficial aspects which have a key role in revolutionizing the business operations especially for distributors/suppliers in collecting Orders & collections which is fully automated, time-saving, instant information of stock details and on-spot acknowledgment.
Marg E-order has some impressive features
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eOwner keeps a strong vigilance on your business and is a perfect Management
app for entrepreneurs (Retailers, Distributors & C&F's). The app keeps eyes
on Sales, Collection & GPS tracking of field staff which guarantees an
increase in the sales revenue which influences on time business decision
making power and assures 100% business success.
eOwner is a cloud based system integrated with MARG ERP 9+ which provide real time information for businesses to take an instant business decision.The eOwner app allows you to manage multiple businesses at one go and gives an in-depth analysis of your inventory.
The app gives a clear view of your financial reports like balance sheet, cash& bank, profit & loss, debtors balance and creditors balance.
The features of eOwner app
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CRM/SFA Solution is an online reporting software which ensure online
reporting for field force and provides crucial information such as their
daily calls, Monthly sales report territory wise, automatic missed call
alert etc in a well designed user friendly and industry specific
It is generally acknowledged by top Pharmaceutical organizations for their employs as it tracks GPS location of sales employee and manage their day to day activities by capturing authentic data from point of execution. The app also reduces the redundant form filling and manual information processing.
Features of SFA which makes it widely accepted
Pharma NXT is an application extremely valuable for Chemists, Pharmacists and Medical Stores where chemist can seek information of more than 3 lakh medicines with their salts at one go. The app also gives info about adjacent suppliers based on selected location.
PharmaNXT has some impressive features
The GPS Tracking Application of Marg ERP helps in tracking of Field staff activity, allows a smart scheduling and gives real-time updates about the field sales force which ensures positive consumer experience. The GPS tracking system assures the smooth running of any business operation, increased workers’ punctuality and ensures nothing slips through the cracks.
Benefits of GPS Tracking system
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