Tag: GST Billing Software

Cyberattacks have become an unavoidable reality of the digital age. Businesses of all sizes small to large suffer from some kind of cyber-attack. And you require advanced billing software like Marg ERP to provide multi-layered security to keep your data and business safe from these virtual threats.  In today’s passage, we will explore the most common cyberattacks businesses face and how Marg Billing Software can be a digital kavach against these cyber threats. Let’s begin.  Book Demo - Billing Software Top Cyberattacks Indian Businesses Face in 2025  AI-powered social engineering attacks (AI strategies to extract personal and business data)  Sophisticated ransomware like double extortion  Supply chain attacks  API exploitation  DDoS attacks  Malware  Vulnerabilities related to IoT and Cloud security  Cisco processes nearly 715 billion DNS requests every single day, giving it an unmatched view of online activity. This sheer volume highlights just how widespread and serious cyberattacks have become.  How Marg Billing Software Keeps Your Business Safe from Cybercrimes?  Marg billing software provides a robust cybersecurity foundation. For any business in India looking to simplify billing, compliance and inventory, while safeguarding their data and operations, Marg ERP is a strong partner and an excellent example of the best billing software in India with 7-layered security built-in.  Choosing a reliable GST billing software in today’s rapidly evolving digital landscape is crucial to streamline your operations and safeguard your data. We will explore how Marg ensures top-notch security in the following section. Let’s begin.  Multi-layered Security Approach  Marg ERP takes a comprehensive, multi-layered approach to data protection, combining cloud-security, encryption, role-based access controls and backup strategies:  Encrypted cloud infrastructure: With its cloud version, Marg ERP on Cloud runs on highly secure platforms (such as Microsoft Azure) where customer data is encrypted by default.  Firewall protection & malware defence: The system uses firewalls, antivirus and advanced authentication to guard against unauthorised access and malicious software.  Automatic and frequent backups: Scheduled daily backups ensure that even in the event of a breach, data can be restored quickly with minimal disruption.  Copy/data-protection measures: Marg ERP includes features such as Copy Protection, defined computer/hard-disk binding, master/secondary passwords and backup-restore protection to prevent data misuse or unauthorised duplication.  Controlling Access and Preventing Internal Threats  Protection is not just about external threats, it’s also about what happens inside your organisation. Marg billing software gives you granular control over who can see what.  Role-based access: Only authorised users can access sensitive parts of the system (billing, GST returns, inventory).  System permissions: You can check and set file-permissions to restrict operations like data copy, drive access and user modifications.  Backup-restore controls: Even when data is backed up, restoring it requires the correct password, ensuring that data cannot simply be copied and misused elsewhere.  Continuous Monitoring, Updates and Business Continuity  To minimise risk and ensure your business remains protected and operational.  Marg ERP keeps its software updated with the latest security patches and features tailored for its large customer base, a crucial practice in any billing software today.  Their systems are built for high uptime (99 %+ in cloud mode) so that even during a cyber-event, your billing and GST workflows are not unduly disrupted.  With business-critical operations (billing, GST compliance, inventory) reliant on the software, Marg pharmacy software emphasises backups, disaster-recovery and support infrastructure to maintain continuity.  Why Choosing the Best Billing Software in India Matters?  Marg ERP is your perfect choice for the best billing software in India. Because when you select Marg, you are selecting an ERP system built on a legacy of trust where security is the priority.  Here’s what it means for your business;  You gain confidence that your financial data, customer invoices, GST records and inventory transactions are safe, from phishing attacks, ransomware, malware and unauthorised access.  You reduce the risk of business-interruption due to data loss or compromise, ensuring your billing and compliance workflows remain smooth and uninterrupted.  You enable uninterrupted business growth when your core systems are protected, you can focus on scaling your business, adding new stores, users or product lines without fear of data vulnerabilities.  The Real Cost of Cyberattacks for Your Business (India and Worldwide)  Many small and growing businesses never fully recover from ransomware attacks, leading to long-term revenue and trust loss.  Indian businesses reported over Rs. 22,845 crore lost to cyber fraud in 2024, according to the Ministry of Home Affairs.  Indian SMEs experience an estimated 37 cybersecurity incidents per day, indicating extremely high exposure to risks.  Indian SMEs lose nearly 7% of annual revenue due to cyberattacks, directly impacting growth and stability.  Global cybercrime losses are projected to reach $10.5 trillion by 2025, causing massive financial damage worldwide.  The average cost of a cyber breach rose from $4.35 million in 2022 to $4.44 million in 2025, showing a steady increase every year.  The US recorded the highest regional breach cost at $10.22 million in 2025, making it the most expensive market for cyber incidents.  Small businesses face an average loss of $120,000 per data breach, often taking several days to recover operations.  Get Free Trial – Gst Billing Software Conclusion  Cyberattacks are rising faster...

Billing software makes your business efficient, improves cash flow, reduces errors, and ensures an optimised workflow. However, the million-dollar question is how to choose the right billing software that suits your specific business requirements. And to answer that, we will explore key factors to consider for an ERP solution, tailor made for your small and growing business.  Out of dozen options online like Zoho invoice, QuickBooks, My Bill Book, Vyapar, TallyPrime, it is overwhelming to decide one all-inclusive inventory and accounting software. After browsing the web and AI tools, one software that stood apart is Marg ERP and we will explore ‘why’ as we proceed with the passage today.  Let’s begin with factors to consider for choosing the best billing software in India to accelerate your business in 2026 and beyond.  Book Demo What to Consider While Choosing the Right Billing Software in India.  SMEs require unique features in a billing software like ease of use, customisable options, cost-effectiveness that distinguish them from large organisations. You as a business owner need an invoicing software that empower you to manage their billing and inventory efficiently without burning too much cash, investing in workforce, and more.  Small and medium enterprises require a billing software that simplifies GST compliance, multiple and seamless payment features, integration, and auto reconciliation. Let’s proceed with key consideration for SMEs in detail.  Robust GST Compliance  A GST billing software must manage CGST/SGST/IGST, HSN/SAC, e-invoicing, IRN generation, and tax-wise reporting.  How Marg ERP helps  Marg GST billing software automates GST calculations, generates 100% compliant invoices, updates for tax rule changes, updates as per GST 2.0 tax rates, and offers seamless e-invoice and e-way bill integration.  Ease of Use and Adoption  Billing software should be simple enough for any staff member to use without long training.  How Marg ERP helps.  Marg ERP’s intuitive interface, fast POS billing, and easy navigation make it ideal for small and medium retailers, pharmacies, FMCG stores, and wholesalers.  Inventory Management  SMEs need direct ordering between retailers and distributors. Billing should be linked with inventory to avoid stock mismatches.  How Marg ERP helps.  Marg inventory management software offers real-time stock updates, batch or expiry management, reorder alerts, barcode billing, and advanced stock analytics. It is perfect for retail, pharmacy, and FMCG businesses.  Scalability and Multi-Business Support  Your billing software should grow with your business and must support multi-branch and multi-location setup.  How Marg ERP helps.  Multi-user, multi-branch, cloud plus desktop flexibility, role-based access, and add-on modules ensure that Marg ERP scales smoothly as your small and growing business expands.  Payment Integrations and Faster Collections  SMEs need smarter collection management. There should integrations for payments, banking and more.  How Marg ERP helps.  Supports UPI, cards, wallets, and auto-payment reminders. Customers can receive invoices via WhatsApp/SMS and pay instantly. Marg ERP also supports PhonePe, integrates banking with ICICI Bank, J&K Bank, SBI, Axis Bank. It also offers auto bank reconciliation with over 140 banks.  Book a demo and experience the excellence of advanced billing software for your small and growing enterprises.  Reports and Business Insights  Billing software must give clear visibility into sales, profits, stock, and receivables backed by data.  How Marg ERP helps.  Marg Billing Software provides 1000+ detailed reports, dashboards, and analytics that help business owners make faster and smarter decisions.  Security, Backup and Support  Sensitive business data must be secure. There must be mechanism for backup and 24x7 support.  How Marg ERP helps.  Daily cloud backup, encrypted storage, access control, and India-based 24x7 customer support make Marg ERP ideal for SMEs relying on safe and stable inventory and accounting software.  Why Marg ERP is the Best Billing Software in India for SMEs: In a Nutshell.  33+ years of industry leadership  Trusted by 1 million+ users  GST-ready billing software designed for Indian SMEs  Deep features for retail, distribution, and manufacturing  Fast billing, strong stock control, and reliable GST reports  Affordable and scalable for every size of business  Marg ERP is the market leader in Pharma and FMCG billing across India with a strong presence in several other industries. Marg is the complete and comprehensive ERP solution for all SMEs who wants the best billing software in India.  Get Free Trial – Offline Billing Software Conclusion  Choosing the right billing software can transform the way SMEs operate. With GST-ready features, fast billing, rich inventory control, and unmatched industry support, Marg ERP delivers everything a growing business needs. It stands out as the best billing software in India for reliable, scalable, and accurate billing.  Frequently Asked Questions  Which is the best billing software in India for SMEs?  Marg ERP is one of the best billing software options for Indian SMEs with over 10 million businesses and over 50% pharma and FMCG billing.  Is Marg ERP GST-compliant?  Yes, Marg ERP is fully GST-ready and supports e-invoice and e-way bills.  Can Marg ERP manage inventory along with billing?  Yes, Marg billing software offers real-time stock updates, batch, expiry, and reorder features.  Is Marg ERP suitable for retail and pharmacy businesses?  Absolutely, it’s widely used by retailers, chemists, FMCG & distributors.  Does Marg ERP support online payments?  Yes, Marg ERP supports UPI, cards, wallets, and digital payment...

The way retailers bill customers is changing fast. With higher customer expectations, competitive markets, and digital payments growing at over 20% every year in India, efficient billing is no longer optional. You need smart, fast, and reliable billing software like Marg ERP to handle sales, stock, GST, and daily operations with ease.  As we enter 2026, here are the top 10 billing features every retailer should use or know to grow faster, reduce workload, and offer a better shopping experience.  Book Demo Top 10 Billing Software Features for Retailers in 2026  Fast Billing: Because Speed Drives Sales  Retailers lose up to 15% of potential customers and significant time waste during peak hours because of slow billing and long queues.  Modern billing software like Marg ERP offers:  Quick barcode/QR billing  Automatic item search  Fast payment processing  This helps you bill more customers in less time and improves overall customer satisfaction. Faster billing directly translates to higher revenue.  Easy Inventory Tracking and Zero Stock Loss  Most retailers struggle with overstocking or stock-outs. With easy inventory tracking, your system:  Auto-updates stock after every sale  Alerts you when items run low  Shows accurate live stock anytime  This means no guessing, no mismatch, and no losing sales due to unavailable products. Retailers using inventory-linked billing reduce stock losses by up to 25%.  GST-Ready Billing for Error-Free Compliance  GST rules keep changing. A simple mistake can lead to penalties or return rejections.  A GST Billing Software helps you:  Create error-free GST invoices  Auto-calculate tax  Generate GSTR reports  Stay fully compliant  Good invoicing software ensures you never worry about audits or tax filing.  Digital Payments Support from One Dashboard  UPI now contributes to over 50% of in-store digital payments in India. In 2026, your billing software must support:  UPI  Debit/credit cards  Wallets  Net banking  BharatQR  When all payments are handled from one screen, billing becomes smoother and faster. This also reduces cashier mistakes.  Customer Management for Personalised Service  Retailers who offer personalised service see 20–30% better customer retention.  A good billing software lets you:  Save customer information  Track purchase history  Offer tailored discounts  Understand buying patterns  These builds trust and help you sell smarter.  Smart Reports and Analytics for Better Decisions  Daily reports tell you exactly what's happening in your business. With advanced analytics in GST billing software, retailers get:  Daily, weekly, and monthly sales reports  Profit and margin tracking  Fast-moving and slow-moving items  Expense vs income insights  Business growth trends  Retailers using data insights grow 35% faster than those relying only on manual judgement.  Cloud Backup for Safe and Stress-free Data  Data loss is one of the biggest risks for retailers. Power cuts, system crashes, or hardware issues can wipe out important records.  Cloud backup in advanced inventory and accounting software enables:  Automatic online storage  Fast restore options  100% data safety  No manual backup needed  Mobile Access for Anytime-Anywhere Control  Retailers are always on the move. With mobile access, you can check:  Sales  Stock  Profit  Transactions  Reports  …anytime from your smartphone. This is especially helpful for multi-store retailers. Mobile apps available in Marg ERP provide a complete solution for billing and inventory management.  Discount and Loyalty Features to Boost Repeat Sales  Customers love savings. Retailers using loyalty programmes see a 40% increase in repeat purchases.  Your billing software must support:  Instant discounts  Special offers  Festival promotions  Loyalty points  Reward redemption  These top features of a billing software help you grow customer loyalty and retain regular buyers.  E-Invoice and E-Way Bill Support to Save Time  Government documentation can be time-consuming if done manually. E-invoicing and E-way billing options in Marg ERP help with faster and accurate billing process. It also improves cash flow and optimises your business performance.  Why Must Retailers Upgrade to a Smarter Billing Software in 2026?  Retailers who use outdated or manual systems face:  Slow billing  Stock mismatch  Higher errors  Revenue leakage  Compliance issues  Using advanced billing software like Marg ERP gives you speed, accuracy, and full control over operations.  Why Retailers Must Trust Marg Billing Software?  Marg Billing Software, one of the best billing software in India, is widely used by retailers, wholesalers, and pharmacies. It includes all the above features along with fast GST billing, UPI collections, e-invoicing, mobile app access, cloud backup, and strong support.  Retailers in pharmacy, FMCG, electronics, garment, and stationery also choose Marg Billing Software as their preferred pharmacy software and invoicing software due to its reliability and feature-rich system.  Conclusion  The year 2026 belongs to retailers who use smart, fast, and analytical billing solutions. With the right billing software, you can cut workload, speed up billing, reduce errors, grow sales, and keep customers happy. Start adopting modern features today and give your business the competitive advantage it deserves.  Get Free Trial – Retail Software Frequently Asked Questions  Why is fast billing important for retailers?  Fast billing with an accounting software reduces queues, improves customer experience, and increases daily sales.  Do retailers need GST-ready billing software?  Yes. GST billing software ensures accurate tax calculation and easy GST filing.  How does inventory tracking help?  Billing software shows real-time stock and prevents overstocking or shortages.  Is cloud backup necessary?  Yes, cloud-based billing software protects your data from system failures or loss.  Which is the best billing software for retailers in India?  Marg Billing Software is one of the most reliable and widely used ERP for inventory and accounting. Other options are Tally, Zoho, MyBillBook etc. 

Billing software makes your business efficient, improves cash flow, reduces errors, and ensures an optimised workflow. However, the million-dollar question is how to choose the right billing software that suits your specific business requirements. And to answer that, we will explore key factors to consider for an ERP solution, tailor made for your small and growing business.  Out of dozen options online like Zoho invoice, QuickBooks, My Bill Book, Vyapar, TallyPrime, it is overwhelming to decide one all-inclusive inventory and accounting software. After browsing the web and AI tools, one software that stood apart is Marg ERP and we will explore ‘why’ as we proceed with the passage today.  Let’s begin with factors to consider for choosing the best billing software in India to accelerate your business in 2026 and beyond.  Book Demo What to Consider While Choosing the Right Billing Software in India.  SMEs require unique features in a billing software like ease of use, customisable options, cost-effectiveness that distinguish them from large organisations. You as a business owner need an invoicing software that empower you to manage their billing and inventory efficiently without burning too much cash, investing in workforce, and more.  Small and medium enterprises require a billing software that simplifies GST compliance, multiple and seamless payment features, integration, and auto reconciliation. Let’s proceed with key consideration for SMEs in detail.  Robust GST Compliance  A GST billing software must manage CGST/SGST/IGST, HSN/SAC, e-invoicing, IRN generation, and tax-wise reporting.  How Marg ERP helps  Marg GST billing software automates GST calculations, generates 100% compliant invoices, updates for tax rule changes, updates as per GST 2.0 tax rates, and offers seamless e-invoice and e-way bill integration.  Ease of Use and Adoption  Billing software should be simple enough for any staff member to use without long training.  How Marg ERP helps.  Marg ERP’s intuitive interface, fast POS billing, and easy navigation make it ideal for small and medium retailers, pharmacies, FMCG stores, and wholesalers.  Inventory Management  SMEs need direct ordering between retailers and distributors. Billing should be linked with inventory to avoid stock mismatches.  How Marg ERP helps.  Marg inventory management software offers real-time stock updates, batch or expiry management, reorder alerts, barcode billing, and advanced stock analytics. It is perfect for retail, pharmacy, and FMCG businesses.  Scalability and Multi-Business Support  Your billing software should grow with your business and must support multi-branch and multi-location setup.  How Marg ERP helps.  Multi-user, multi-branch, cloud plus desktop flexibility, role-based access, and add-on modules ensure that Marg ERP scales smoothly as your small and growing business expands.  Payment Integrations and Faster Collections  SMEs need smarter collection management. There should integrations for payments, banking and more.  How Marg ERP helps.  Supports UPI, cards, wallets, and auto-payment reminders. Customers can receive invoices via WhatsApp/SMS and pay instantly. Marg ERP also supports PhonePe, integrates banking with ICICI Bank, J&K Bank, SBI, Axis Bank. It also offers auto bank reconciliation with over 140 banks.  Book a demo and experience the excellence of advanced billing software for your small and growing enterprises.  Reports and Business Insights  Billing software must give clear visibility into sales, profits, stock, and receivables backed by data.  How Marg ERP helps.  Marg Billing Software provides 1000+ detailed reports, dashboards, and analytics that help business owners make faster and smarter decisions.  Security, Backup and Support  Sensitive business data must be secure. There must be mechanism for backup and 24x7 support.  How Marg ERP helps.  Daily cloud backup, encrypted storage, access control, and India-based 24x7 customer support make Marg ERP ideal for SMEs relying on safe and stable inventory and accounting software.  Why Marg ERP is the Best Billing Software in India for SMEs: In a Nutshell.  33+ years of industry leadership  Trusted by 1 million+ users  GST-ready billing software designed for Indian SMEs  Deep features for retail, distribution, and manufacturing  Fast billing, strong stock control, and reliable GST reports  Affordable and scalable for every size of business  Marg ERP is the market leader in Pharma and FMCG billing across India with a strong presence in several other industries. Marg is the complete and comprehensive ERP solution for all SMEs who wants the best billing software in India.  Get Free Trial – GST Billing Software Conclusion  Choosing the right billing software can transform the way SMEs operate. With GST-ready features, fast billing, rich inventory control, and unmatched industry support, Marg ERP delivers everything a growing business needs. It stands out as the best billing software in India for reliable, scalable, and accurate billing.  Frequently Asked Questions  Which is the best billing software in India for SMEs?  Marg ERP is one of the best billing software options for Indian SMEs with over 10 million businesses and over 50% pharma and FMCG billing.  Is Marg ERP GST-compliant?  Yes, Marg ERP is fully GST-ready and supports e-invoice and e-way bills.  Can Marg ERP manage inventory along with billing?  Yes, Marg billing software offers real-time stock updates, batch, expiry, and reorder features.  Is Marg ERP suitable for retail and pharmacy businesses?  Absolutely, it’s widely used by retailers, chemists, FMCG & distributors.  Does Marg ERP support online payments?  Yes, Marg ERP supports UPI, cards, wallets, and digital payment...

Section 122 of the Central Goods and Services Tax (CGST) Act deals with penalties and offences under GST law. It is aimed at curbing non-compliance such as false invoicing, mis‐claiming input tax credit (ITC), suppression of turnover, failing to remit tax, and other wrongful practices.  The section outlines various categories of offences, the nature of wrongdoing (fraudulent and wilful misstatement or otherwise), and prescribes monetary penalties accordingly.  It is important for businesses using any accounting software, invoicing software or billing software to be aware of these provisions, since many offences stem from documentation errors, fake invoices, or incorrect claims via a GST billing software.  We suggest exploring Marg GST Billing Software for an error-free billing and inventory management software.   Get Free Demo What are Major Offences Listed under Section 122 of CGST Act?  Here are some of the major offences listed under Section 122:  Supplying goods or services without issuing an invoice, or issuing false / incorrect invoices.  Issuing invoices for no actual supply (i.e. raising invoices without delivering goods/services).  Collecting tax from customers but failing to remit that tax to the government within three months.  Failing to deduct or remit tax under Section 51 (TDS under GST) and Section 52 (Tax Collection at Source under GST).  Claiming input tax credit without actually receiving the goods / service.  Fraudulently obtaining refunds.  Suppressing turnover, failing to furnish required records or registration details, or obstructing officers in discharge of their duties.  The Section 122 of CGST Act also covers aiding or abetting such offences or knowingly dealing with goods or services liable to confiscation.  What are the Penalties Prescribed under Section 122?  Section 122 of the CGST Act comprises various sub-sections that deals with penalties for specific offence. Here are key sub-sections for your reference.  Section 122(1)  For offences like issuing false invoice, tax collection but non-remittance, misuse/distribution of ITC etc., the penalty is the higher of Rs.10,000 or an amount equivalent to the tax involved (for instance tax evaded or the input tax credit wrongly claimed).  Section 122(1A)  Retaining benefit of such wrongful transactions (like false invoices or wrongful ITC) may attract penalty equal to the amount of benefit (i.e. equivalent to tax evasion / ITC wrongly passed on).  Section 122(1B)  Specific to e-commerce operators under section 52, e.g. allowing unregistered persons to trade via their platform in violation of rules, or incorrect documentation, penalty is Rs. 10,000 or equivalent to the tax liability (whichever is higher).  Section 122(2)  For supply without payment (or short payment), or erroneous refund or availing ITC wrongly (other than fraud / wilful misstatement), penalty is Rs. 10,000 or 10 % of the tax due, whichever is higher.  Section 122(3)  For aiding / abetting offences, or for refusing to appear before an officer, or dealing with confiscable goods knowingly, penalty up to Rs. 25,000.  These penalties underscore why maintaining proper records, accurate invoices, and timely compliances is critical. That’s why businesses need an efficient and all-inclusive GST Billing Software to stay compliant and growth ready.  Why a Good GST Billing Software Matters.  A robust GST Billing Software like Marg ERP addresses and help businesses avoid many of the offences covered under Section 122. It strengthens businesses with;  Automatic validation of tax rates, HSN/SAC codes, and GSTIN details while generating invoices can prevent issuing false or incorrect invoices.  Integrated modules for input tax credit tracking reduce risk of claiming ITC without receipt of goods / services.  Audit trail and logs help respond to compliance verification in case officers demand records.  Reminders or checks to ensure that collected tax is remitted on time, or TDS / TCS-GST obligations (Section 51 / 52) are fulfilled.  Generating reports that reconcile invoicing data with returns (e.g. GSTR-1/GSTR-3B) to spot discrepancies early.  Using reliable accounting software that ensures consistency across financial records, reducing the scope of misstatements, and overall impact on turnover. When looking for the best GST billing software in India, features like audit logs, automated reconciliation, compliance alerts, and up-to-date tax‐rule engine become especially important.  How Businesses Can Stay Compliant.  Here are practical steps SMEs should follow to stay compliant for Section 122:  Use verified GST Billing Software that supports creating compliant invoices (with e-invoice where applicable), tracks ITC, and integrates with return filing.  Keep documentation ready including vendors’ invoices, supply records, purchase receipts, and ensure invoicing matches physical / service delivery.  Track remittance obligations to ensure tax collected is remitted within due timelines. TDS  and TCS obligations are handled via your accounting software.  Reconcile invoices with returns monthly and quarterly to detect discrepancies early.  Train staff on GST compliance and periodically audit your invoicing / accounting processes for red flags.  Conclusion  These steps, teamed with good invoicing software like Marg ERP, reduce risk of facing large penalties under Section 122 of CGST Act.  Marg Billing Software is India’s no.1 Inventory and Accounting Software. If properly configured, Marg invoicing software can help you maintain compliance with Section 122 by ensuring your invoices, tax remittance, and ITC claims are consistent, documented, and auditable.  Free Demo – GST Billing Software Frequently Asked Questions  What triggers a penalty under Section...

Compliance is the most important part of today’s business. It enhances company’s reputation, minimises financial and regulatory risks, and improves overall operations and financial management. Therefore, you need to have a solid understanding of Sections and Clauses related to GST and other taxes.  In this passage, we will explore Section 46. It is one of the most crucial sections in the CGST Act, 2017 that you need for mandatory GST returns. Before we proceed with all details about the said section, we suggest exploring Marg ERP, India’s best billing software, for a comprehensive accounting and invoicing solution for your small and growing businesses.  Let’s begin the discussion.  Book Demo What is Section 46 of the CGST Act, 2017?  Section 46 of the CGST Act, 2017 empowers income tax department to act when a registered business entity fails to file mandatory GST returns. It also includes a provision that gives return defaulters an opportunity to complete compliances before assessments and penalties begin.  The section states that if a company does not furnish a return under Section 39 (monthly/quarterly returns), Section 44 (annual returns), or Section 45 (final return after cancellation), the tax officer shall issue a notice requiring that GST return to be filed within 15 days.  If the taxpayer still doesn’t respond, the officer may proceed to a best-judgement evaluation under Section 62 of the CGST Act 2017.  Why Section 46 Matters More in 2025?  Government of India announced major GST reforms on 3rd September 2025 and is in effect from 22nd September 2025. Earlier since launch of GST in 2017, defaulters of GST Returns was relied on manual process. The mechanism has been changed from manual to digital post GST 2.0 reforms.  Upgraded GSTN system is faster, interconnected, and smarter with minimum scope of errors. Every invoice, e-way bill, e-invoice, and GST returns now feeds into one central data pool. The results are:  Flagging of missing GST returns in real time.  Notices related to Section 46 of the CGST Act, 2017 can be generated within days of the due date.  Delays or errors can instantly affect your Input Tax Credit (ITC) eligibility.  The Takeaway:  In the GST 2.0 environment, your compliance must be perfect, on-time and error-free. Your billing software should be comprehensive, integrated, in sync with government portals, and more.  What Changed Under GST 2.0?  Here’s how GST 2.0 has made the tax ecosystem more transparent and time sensitive. Top GST billing software like Marg ERP provides single-slot tax rates update. It helps businesses to stay compliance ready always.  GST 2.0 Features Impact of Business and Section 46 Pre-filled Returns (auto-drafted GSTR-3B & GSTR-9) Makes GST return filling easier. However, it leaves no room for skipped or delayed filings. Real-Time Invoice Matching Missing or incorrect invoices trigger alerts sooner. Revised Tax Slabs & Rule Changes (Effective 22nd September 2025) Organisations using outdated tax slabs may file incorrect returns. Tighter ITC Validation Disallowed credits surface quickly if vendors have not filed GST returns. AI-based Notice System With AI integration, notices under Section 46 issued instantly from portal data  How GST 2.0 Changes the Section 46 Dynamic?  Earlier notices under Section 46 use to take weeks or even months. Under new GST regime, the detection of filing defaulters and generation of notices are way faster. Detection is instant and notice generation takes a couple of days.  It improves compliance by:  Automated triggers when a taxpayer misses a return filing due date. The system auto-generate a Section 46 notice in for GSTR-3A.  Reduced manual follow-up where tax officials assess portal data instead of physical inspections.  Strong evidence trails with digitally recorded notices and responses.  Hence, it’s critical that your business prevents defaults rather than reacts to them. For an expert billing software for the same, try Marg ERP. They also provide free demo. Try, stay, and stay compliant.  How Billing Software Reduces Risks of GST Return Filing Default?  Section 46 notice only comes when you default your return filing. A billing and invoicing software prevent you from missing the deadline and ensure timely return filing. Key benefits are;  GST Billing Software automates compliance, tax filing and return filing.  Generates GST-compliant invoices that are in-sync with the GSTN.  Real-time dashboards with details of pending return filings.  Automatic reconciliation of sales, purchase, and e-invoice data.  Alerts before due dates of returns.  How to Stay GST Ready: A 6-Step Checklist  Keep your accounting software updated with new tax rates and rules  Run weekly reconciliations to match invoices with filed returns.  Use e-invoicing wherever applicable to ensure the concerned data reaches GSTN automatically.  Check pending-return dashboards and act at least 7 days in advance.  Respond quickly to any Section 46 notices, file within 15 days and keep digital proof of the submission.  Maintain a compliance logs, record filings and corrections inside your GST billing software for audits.  What are the Consequences of a Missed GST Return Filling?  Section 46 comes into practice when you miss a return filing and unleash following processes.  Day 1 to 15 after Due Date: If you don’t file, the system automatically detects the default.  15 days after Section 46 Notice: If...

Section 31 of the Central Goods and Services Tax (CGST) Act, 2017, outlines the requirements for issuing tax invoices, a fundamental aspect of the Goods and Services Tax (GST) framework in India. A tax invoice serves as a legal document evidencing the supply of goods or services and is essential for the recipient to claim Input Tax Credit (ITC).  Understanding the provisions of Section 31 is crucial for businesses to ensure compliance and avoid potential penalties. A GST billing software like Marg ERP offers a tax compliant solution that keeps your business growth ready. Try now to uncomplicate tax compliance.  Book Demo What are the Key Provisions of Section 31 of the CGST Act, 2017?  Registered business entities must understand following provisions of Section 31 of the CGST Act, 2017 to enjoy seamless compliance and accounting.  1) Issuance of Tax Invoice for Supply of Goods (Section 31(1))  A registered business entity supplying taxable goods must issue a tax invoice for a GST compliant billing and accounting.  Before or at the time of removal of goods, if the supply involves movement.  Before or at the time of delivery or making goods available to the recipient, in other cases.  The tax invoice should include;  Description, quantity, and value of goods.  Tax charged thereon.  Other particulars as prescribed.  2) Issuance of Tax Invoice for Supply of Services (Section 31 (2))  A registered business supplying taxable services must issue a tax invoice and a billing software is a smarter way to manage tax-compliant invoicing.  Before or after the provision of service but within a prescribed period.  The tax invoice should comprise:  Description and value of services.  Tax charged thereon.  Other particulars as prescribed.  3) Supplementary Invoices, Debit Notes, and Credit Notes (Section 31 (3))  In case of adjustments to the original invoice, supplementary invoices, debit notes, or credit notes should be issued, specifying:  The original invoice details.  The nature and value of the adjustment.  Tax implications of the adjustment.  4) Special Cases for Interstate Supplies (Section 31 (4))  For interstate supplies, the invoice should include:  The place of supply.  GSTIN of the recipient.  Other details as prescribed.  5) Bill of Supply in Certain Cases (Section 31 (5))  In specific cases, a bill of supply can replace a tax invoice:  Exempted Goods or Services: Supplies that are exempt from GST.  Composition Scheme: Suppliers under the composition scheme.  Non-taxable Supplies: Supplies that are not subject to tax.  6) Export of Goods and Services (Section 31 (6))  For exports, the invoice should include:  The words "Export" or "Export Invoice".  GSTIN of the exporter.  Other particulars as prescribed.  When to Issue Tax Invoice: A Summarised View.  Scenario Invoice Type Time of Issue Supply of Goods (Movement) Tax Invoice Before or at the Time of Removal Supply of Goods (No Movement) Tax Invoice Before or at the Time of Delivery Supply of Services Tax Invoice Before or After Provision of Service Interstate Supply Tax Invoice Before or At The Time of Supply Exempted Goods/Services Bill of Supply At the Time of Supply Composition Scheme Bill of Supply At the Time of Supply Export of Goods/Services Export Invoice Before or At The Time of Supply  What are the Mandatory Details in a Tax Invoice?  According to Rule 46 of the CGST Rules, 2017, a tax invoice must contain:  Name, address, and GSTIN of the supplier.  Consecutive serial number.  Date of issue.  Name, address, and GSTIN of the recipient (if registered).  HSN code of goods or SAC code of services.  Description, quantity, and value of goods or services.  Taxable value and tax charged (CGST, SGST, IGST).  Place of supply and name of the state.  Signature of the supplier or authorized representative.  Impact of GST 2.0 (22nd September 2025) on Section 31 of the CGST Act, 2017  Category/Aspect Pre GST 2.0 (GST 2017) Post GST 2.0 (September, 2025) Invoice Format Standardised but varied by category and sectors Digital invoicing mandatory with unified HSN/SAC codes Time of Supply Goods: Removal and Delivery Services: Invoice Date Goods: Removal and Delivery Services: Invoice Date/Payment Date Input Tax Credit According to the Supplier’s Declaration Invoice Matching, Reversal if Supplier Defaults E-invoicing Voluntary for Large Taxpayers Mandatory for Turnover Over 5 Crores  GST Billing Software like Marg ERP ensure timely invoicing and tax compliance with automated reminders, updated tax rates, and more.  Why Compliance is Necessary for Every Business?  Business can suffer following consequences in the event of non-compliance within Section 31 and a top billing software with updated system help you stay compliant and ready.  Denial of Input Tax Credit (ITC) to the recipient.  Penalties and interest charges.  Legal scrutiny and audits.  Therefore, adhering to the provisions of Section 31 is essential for smooth business operations and tax compliance.  Free Demo – GST Billing Software Conclusion  Section 31 of the CGST Act is pivotal in ensuring transparency and accountability in the GST system. An advanced and modern billing software, a thorough understanding and adhering to its provisions, businesses can maintain compliance, facilitate smooth operations, and foster trust with their clients and tax authorities. Explore Marg ERP, the best GST billing software in India, and stay tax compliant and future ready always.  Frequently Asked Questions  What is a tax invoice under GST?  A tax invoice is a document issued by a registered supplier to the recipient, detailing the supply of goods or services, and is essential for claiming Input Tax Credit. Make your experience seamless with an all-inclusive GST billing software like...

The salon and wellness business in India (projected to reach $20 billion) caters to a wide range of services including haircare, skin care, and wellness treatments. This has created a thriving market with a rising demand for grooming professionals. Companies like Urban Company, Naturals, Lakme are bringing salon to home, making the wellness and grooming industry organised and modern.  The sector has seen a welcome change on 3rd September 2025 when FM Nirmala Sitharaman announced GST 2.0 with reduced tax rates and fewer tax slabs. The announcement also mentioned ‘Nil’ tax for some essential items and 40% tax for ‘Sin Goods’ (Tobacco products).   For this passage, we will explore the tax slab which has direct and indirect impact on salon and wellness business in India. Also, we recommend a salon billing software like Marg ERP for easy compliance according to the new tax rates, integrations, and several other exclusive features.  First thing first, let’s begin with understanding the GST 2.0 Reforms 2025.  Get Free Demo Understanding the GST 2.0 Reforms (Tax Rates Changes) 2025  In the earlier GST (1st July 2017 onwards) structure, salon and wellness services were taxed at 18% GST with the option to claim Input Tax Credit (ITC) on consumables, equipment, and overheads, a system that helped balance input costs.   With GST 2.0, (Effective from 22nd September 2025) the government has reduced the tax rate to 5%, making wellness and beauty services far more affordable and consumer friendly.  Though ITC is no longer applicable, this simplified tax structure brings greater transparency, easier compliance, and a strong boost to customer demand. For salon owners, it’s an opportunity to rethink pricing strategies, optimize operations, and attract a wider client base while maintaining profitability through smart cost management and efficient use of resources.  Key Impacts on Salons and Wellness Businesses  Lower Costs for Consumers  The most immediate effect of GST 2.0 is that services such as haircuts, facials, massages, and spa treatments become more affordable. This reduction in tax burden makes self-care more accessible, encouraging more frequent visits and broadening the consumer base.  Increased Footfall and Demand  With lower prices, more customers are likely to try services that were previously considered a luxury. This could lead to an increase in overall demand, benefiting both standalone salons and wellness chains.  Loss of Input Tax Credit (ITC)  One of the biggest challenges for salon owners is the elimination of ITC. All taxes paid on consumables, beauty products, equipment, and overheads now become direct costs. This increases operational expenses, requiring careful budgeting and cost management.  Need for Pricing Recalibration  To maintain profitability while passing on some benefits to customers, salons must adjust their pricing models. The goal is to strike a balance between offering savings and retaining sufficient margins to cover input costs.  Industry Growth Potential  The overarching aim of GST 2.0 is to boost consumption in sectors like beauty and wellness. Increased affordability may drive higher spending, more frequent visits, and a healthier economy for the industry.  The Role of Salon Management Software in the GST 2.0 Era  Top salon management software like Marg ERP plays a crucial role in the GST 2.0 times. It's a win-win situation for salon and wellness business owners and customers. Festive season from Navratri to Christmas is also a grand booster for salon and wellness business. This tax benefits will enhance their business significantly.  Automate GST calculation and generate accurate invoices  Single slot GST 2.0 tax rates update  Track inventory and manage consumables efficiently.  Analyse service performance, margins, and customer trends  Simplify GST return filing and compliance  Manage multi-location large-team operations effectively  Investing in robust salon software ensures businesses remain compliant, reduce errors, and focus on customer satisfaction while adapting to the new tax structure.  Why Marg ERP is the Best Salon Software in India?  Marg ERP stands out as a reliable solution for salon and wellness businesses looking to streamline operations and navigate evolving GST compliances efficiently. It is regarded as one of the best salon software in India, offering a comprehensive suite of features tailored for the beauty and wellness sector.  What are the Key Features of Marg Salon Software?  Comprehensive Billing & Inventory Management: Handle sales, purchases, stock, and multiple locations with ease.  GST Compliance: Simplifies GST billing, return filing, and ensures adherence to non-ITC regulations.  Cloud Accessibility: Access data, reports, and invoices remotely for seamless operations.  Multi-Store & Inventory Management: Ideal for chains or studios with multiple outlets.  User-Friendly Interface: Easy to use, with strong support and training infrastructure.  Customisation Options: Adapt modules for services, memberships, pricing tiers, and packages.  Salons and wellness business can efficiently manage billing, inventory, compliance, and analytics, allowing them to focus on growth and customer satisfaction with Marg Salon Software.  Free Demo – GST Billing Software Conclusion  The GST 2.0 reforms present both opportunities and challenges for salons and wellness businesses. Consumers will benefit from lower taxes and more affordable services, while salons must strategically adjust pricing and operational strategies to remain profitable.  Investing in salon billing software or salon management software, such as Marg ERP, is now...

Startups, small, and growing businesses invest a significant time in accounting and auditing. One error and you can lose lakhs or even crores. However, you can save time and minimise errors with an advanced accounting software like Marg ERP.  But why do businesses need accounting and auditing in the first place? Here, we are going to explain that with exploring major advantages of accounting and auditing practices for SMEs. Also, how best accounting software is the backbone for your business growth and success.  Significance of Accounting and Auditing for Small and Growing Businesses in India  Accounting and auditing are not merely compliance tasks, they serve as fundamental pillars for small and growing businesses in India to gain visibility, manage risk, secure finance and build sustainable growth.  Improved Financial Visibility and Decision-Making  Accurate accounting helps business owners monitor cash flows and expenses in real time. For instance, a study found that Indian SMEs lose on average Rs. 67 lakh annually due to dependence on legacy financial systems and manual processes.  This equals to around 1,689 man-hours per financial year. Businesses can detect cost overheads, shortage of funds, and manage working capital proactively with properly maintained accounting books.  Get Free Demo Access to Finance and Credibility  The ability to attract external funding hinges on transparent records and audited statements. A CPA Australia survey published in The Economic Times stated around 71% of the SMEs in India sought external funding in 2024. It becomes easier for investors to access numbers, assess risk and consider business as low risk, if financial statements are properly audited and maintained.  Accounting and Inventory Management Software like Marg ERP ensures best accounting and auditing practices with GST compliance, updates for the GST 2.0, reports, integration with 140+ banks for auto bank reconciliation, and many more exclusive features.  Regulatory Compliance & Audits  Regulatory compliances and audits protect and enhance your business’s reputation and save them from paying penalties. According to a report published in The Financial Express, around 52% of SMEs cite statutory compliances as a challenge.  Therefore, choose an advanced invoicing software like Marg ERP for a streamlined accounting and audit process with fulfilling regulatory compliances like GST 2.0 and more.  Strategic Growth and Risk Management  Right accounting and auditing processes provide external checks to recognise gaps or misstatements and strengthen internal controls. Also, companies expanding in different locations, states, and outside India often face difficulties in managing local accounting and audit standards.  A significant number of Indian companies are expanding withing India and outside with unprecedented access to new technologies, new markets, resources, and government support. According to a report, over 419 Indian companies announced greenfield overseas projects in 2024.   With right information, maintained account books, and data analysis, businesses can make informed decisions including pricing, scaling operations, budget considerations etc. It minimises risk of wasting money and business collapse due to weak financial discipline.  How Small Business Accounting Software is the Backbone for Your Business?  Now that we know the significance of accounting and auditing for your business, let us explore the role of a small business accounting software to ensure a seamless and accurate accounting process.  Startups and small businesses require more than spreadsheets to manage their invoicing and inventory in today’s digital-first economy. You need a smart, integrated, and data secure accounting software like Marg ERP. It keeps your business GST complaint, efficient, and optimised cash flow.  Simplifies Accounting & GST 2.0 Compliance  Automates billing, GST return filing, and e-invoicing as per GST 2.0 norms.  Built-in audit trail compliance ensures data transparency and accuracy.  Eliminates manual errors and saves valuable time for business owners.  Enhances Financial Control & Decision-Making  Get real-time visibility into cash flow, expenses, and profitability.  Generate AI-powered reports for smarter business decisions.  Helps forecast trends and plan inventory or purchases effectively.  Boosts Business Productivity  Integrated accounting, inventory, and payroll in one all-inclusive best accounting software.  Cloud-based access allows you to manage your business anytime, anywhere.  Minimises paperwork and speeds up day-to-day operations.  Free Demo – GST Billing Software Ensure Compliance and Improve Credibility  Keeps your business GST 2.0 compliant and audit-ready  Trusted reports and maintained books attract investors, market reputation, and lenders.  Conclusion  A robust and all-inclusive accounting software is not optional in current business landscape. Small and growing businesses need to implement advanced invoicing software like Marg ERP for a fully compliant and efficient accounting and auditing processes.   Marg ERP, India’s No.1 Inventory and Accounting Software, empowers small businesses with automation, compliance, and real-time insights, turning financial management into a growth enabler. With tools aligned to GST 2.0 compliance, audit trail norms, and next-gen ERP technology, it ensures your business stays efficient, transparent, and future-ready. 

Lakhs of businesses are adopting modern automated cloud-based billing software. It's fast, accurate, and efficient with minimal chances of errors and control wastage.    It's time you should update your system from manual to automated, like lakhs of these businesses are doing.    Why? You might ask.   To answer the same, we will compare billing software and manual billing and let you decide whether you want to struggle with the challenges of traditional invoicing or grow your business with automated inventory and accounting software. Let’s explore.   Book Demo What are the Differences Between Manual Invoicing and Billing Software?  Features  Manual Billing  Billing Software  Speed  Slow, time-consuming, prone to errors  Automated, fast and accurate bills generate in seconds  Accuracy  Human errors are common challenges of manual invoicing  Eliminates human error with automation, cloud-backup and security  GST Compliance  Needs manual GST calculation and filing  GST billing software updates GST tax rates in a few clicks and keep your business GST compliant  Records & Reports  Paper files are hard to maintain and track  Digital records are easy to retrieve, access, and refer anywhere, anytime  Data Security  Invoices can get lost, damaged or altered  Cloud-backup and multi-layered security keep your data safe  Scalability  It is tough to manage business manually for growing businesses, multi-branch and multi-location businesses  Best billing software in India like Marg ERP supports unlimited invoices and manage multi-location business  Customer Experience  Limited scope to enhance CX  App integration, QR codes, branding, e-invoices and many other options to enhance CX and boost business   Why Choose Billing Software over Manual Billing?  Let’s compile reasons to choose a billing and accounting software in reference to the differences mentioned in the table above.   Best GST billing software in India, like Marg ERP.   Saves time with instant invoice generation, notifications, a suite of Mobile apps for delivery, retailers, distributors, etc.   Reduces errors in billing, inventory management, logistics, and ordering with an automated system.   Keeps you GST compliant with an integrated GST billing software and updates system in seconds   Clean and interactive bills ensure professional invoicing.   Ensures growth without chaos with advanced industry-aligned features   Now that you know how billing software outsmarts traditional manual invoicing, let us proceed with why Marg ERP is the best billing software for your small and growing business in the following section.   Marg ERP: Best Billing Software in India  Marg ERP is India’s no.1 inventory and accounting software for SMEs. Over 10 lakh businesses use Marg ERP for their daily transactions, invoicing, stock management, ordering, and more. Although it is customised for all businesses, it manages over 50% of transactions in the Pharma and FMCG sectors.   If you are still using manual billing, it’s the right time to upgrade to a smart, affordable solution that makes your business ready for the future.   Real-time updates and easy return filing with fully GST 2.0 compliant   Speeds up billing by up to 40% with PoS, barcode scanning, and multiple counters.   Integrated WhatsApp invoicing and automatic reminders to customers   Online banking with ICICI Bank, Axis Bank, SBI, and J&K Bank.   Auto bank reconciliation with 140+ banks   A suite of mobile apps for a 360-degree business solution   Strong inventory and expiry management, reorder alerts, and shortage control.   ERP to ERP Ordering for faster and accurate ordering and billing   Cloud backup, 7-layered data security, and seamless data transfer   Conclusion  Manual billing may have worked in the past, but in today’s fast-paced AI-driven business world, billing should the smarter, automated, secure, and more reliable with growth-oriented features. GST billing software with integration, connected banking, cloud backup, and multi-layered security is the right way to manage your business in this era. Refer to the passage, understand the difference, and choose the best billing software that suits your business requirements.   Book Demo Frequently Asked Questions  What is Billing Software?  Billing Software is a digital tool that helps businesses generate invoices, calculate taxes, and manage records automatically.  Why is Billing Software better than manual billing?  Billing software is faster, error-free, and GST-compliant, unlike manual billing, which is slow, paper-based, and prone to mistakes.   What is GST Billing Software?  It is billing software designed to handle GST rules, tax calculations, and filing. GST billing software keeps you updated with the latest tax rates, such as the recent GST 2.0.  Can small shops use Invoicing Software?  Yes, even small businesses can benefit from invoicing software to save time and build a professional image. Marg ERP is a specialised invoicing software for startups and small businesses.  Which is the best billing software in India?  The best billing software in India is one that is affordable, GST-ready, user-friendly, and supports business growth, such as Marg ERP.