Marg ERP has finally announced that all the businesses using its Accounting and inventory software can now start uploading their sale and purchase invoices generated post-July 1. The GST is applicable from July 1 and the software provided by Marg ERP will be providing all the businesses to upload their invoices in the new taxation regime.
Marg ERP plans to launch the invoice upload facility on the portal by August first week so that the businesses can come forward and start uploading the invoices on a daily or weekly basis to avoid a month-end rush on GSTN portal.For any transaction invoice upload as well as keeping invoice records in serial number even if maintained manually, are pre-requisites for claiming input tax credit under the GST regime.
The company has already launched an offline Excel format for businesses to keep their invoice records. The company is also updating a GSTN video and knowledge tools on its portal to assist businesses in uploading invoices. Our call center help desk is all ready to assist taxpayers regarding any query they might have about the new tax regime.
Marg ERP has approached various industry & associations to make them comfortable for easy return filing.Today more than 69 lakh excise, VAT, and Service Tax assesses have migrated to the GSTN portal.The GSTN portal is expected to add around six lakh new registrations too.
With GST a single tax in place of multiple central and state levies such as excise, service tax, and VAT, businesses a now need to upload on GSTN portal invoices of their trade every month.With our offline Excel tool, you can upload invoices data on the GSTN portal at one go and the time taken for the whole process takes just half-a- minute.
Businesses with heavy invoices a day can upload the data on a daily or weekly basis, it would be less cumbersome for them. For any business to upload invoices on the GSTN portal, a business would require mentioning the invoice number and date, customer name, shipping and billing address, customer and taxpayer’s GSTIN, place of supply and HSN code.
For any taxpayer, he should mention the taxable value along with any discounts rate on CGST, SGST and IGST. It should be filled, along with item wise details including description, quantity, and price.