Tag: GST Billing Software

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. 

India is home to over 6.44 crore micro, small, and medium enterprises, but only a few of them maintain invoicing software to track sales, manage inventory, GST compliance, and more. Running a small and growing business can be a challenging endeavour.   The common questions that usually come to mind while choosing the right billing software are;  Which one to choose out of multiple options available?  Which features to look out for in the right invoicing and accounting software?  What benefits should a right billing software provide?  You have to wear multiple hats to manage business, and it makes it all the more important to consider a billing software as a lieutenant that guides you in transforming from traditional inventory and accounting management to modern automated cloud-based invoicing.  However, it might be overwhelming to choose one billing software out of dozens of options available. To save you time, we have researched the web and compiled the five best invoicing software in India for 2025 and beyond.   We will explore the top features and benefits of this software for your quick reference and make an informed decision for the sake of your business.  Book Demo What are the Top Five Invoicing Software in India 2025 and Beyond?  We are sharing here the top five invoicing and accounting software based on customer feedback on social channels and web, expert assessments, users’ experience, and years of existence.  Marg ERP: Best Billing Software in India  Marg ERP has been serving small and growing businesses for over 32 years. It is one of the most popular and trusted billing software in India, used by over 10 lakh small and medium businesses.  Over 50% pharma and FMCG billing happens on Marg ERP and has a strong presence in pharma, retail, and distribution. Marg combines easy invoicing with advanced features and integrations that help businesses grow.  Features of Marg Invoicing Software  GST-compliant billing with automatic tax calculation  Customisable invoice formats for every business type  ERP-to-ERP ordering for chemists and distributors.  Real-time stock and inventory management  e-Invoicing and e-Way Bill generation in one click  Multi-device and multi-location access (desktop and mobile app support)  Seamless integration with accounting and GST returns  Integrated banking and auto-bank reconciliation  Regular updates to stay compliant with government rules  Benefits of Marg ERP  Saves time by automating routine tasks  Reduces errors in GST billing and returns  GST 2.0 compliant and single slot update in a few clicks  Supports industry-specific needs, especially pharma and retail  Improves business efficiency with live stock visibility  Affordable pricing plans for small businesses  Connected banking with SBI, Axis Bank, J&K Bank, and ICICI Bank  MargPay, Marg Mart, PharmaNXT, and a suite of mobile apps  24x7 customer support across India  Marg ERP is the best billing software in India and has been the first choice for lakhs of small businesses over the years. Call them or visit their website for 7 days free trial or book a demo for all-in-one inventory and accounting software.  TallyPrime  Started in 1986 as an MS-DOS-based accounting software, Tally has evolved into a household name in the accounting and billing process for businesses. TallyPrime offers the following features and GST support for small and growing businesses.  Key Features of TallyPrime  GST-ready invoicing  Multi-currency billing for export businesses  Inventory and accounting in one platform  Remote access with Tally on Cloud  Benefits as an Invoicing Software  Easy to use for accountants and small business owners  Strong after-sales service  Reliable and secure with long market presence  3) Zoho Invoice  Zoho Invoice is a popular choice for new-age invoicing software among freelancers, startups, and service-based organisations. It is cloud-based and offers a free plan with limited features.  Key Features  Professional invoice templates  Automated reminders for payments  Expense tracking  Client portal for online payments  Benefits for Small Businesses  Free plan available (with some limitations)  Great for digital-first and service-oriented businesses  Supports integration with the Zoho ecosystem and third-party apps  4) MyBillBook  MyBillBook is a widely used billing software across India. Curated for small businesses, it offers strong invoicing and accounting features. For the MSME sector, it is known for its simple interface and cloud features.  Features of MyBillBook  Cloud-based invoicing  Expense and bank reconciliation  GST-compliant billing  Dashboard for financial insights  Benefits as an Invoicing Software for Small Businesses  Simple for non-accounting users  Scalable for growing businesses  International brand with a strong reputation  5) Vyapar App  Vyapar is a mobile-first GST billing software designed for Indian small businesses. According to their website, the app has been used by over 1 crore businesses, especially petty shopkeepers and local traders.  Core Features  GST-compliant invoices  Works offline without internet  Stock and inventory management  Reports for tax filing and business insights  Benefits for Small Businesses  Easy to install and use on mobile  Affordable for small traders  Helps track expenses and receivables.  Things to Consider When Choosing the Best Invoicing Software in India  Before you decide on any billing software or invoicing software, keep the following points in mind:  GST Compliance: The software should be updated with the latest GST rules.  Ease of Use: Look for a simple design and easy navigation.  Customisation: Ability to design invoices as per your business needs.  Integration: Check if it can connect with inventory, accounting, and e-way bill systems.  Support: 24x7 customer support is important, especially for small businesses.  Pricing: Choose a solution that is affordable but...

Are you still using paper for billing and spending hours in invoicing and accounting with greater chances of human errors?   If you are still doing all these, it's time to upgrade and shift towards efficient pharmacy billing software. Advanced billing software like Marg ERP understands the nuances of pharma business and offers solutions for efficient management of billing, invoicing, inventory, stock, reporting, e-prescriptions, orders, and analytics through a centralized interface.  Lack of GST Billing Software can Cause Challenges for Pharma Business  Affects overall business performance  Enhance the burden of manual calculations  Human and manual errors  Lower customer satisfaction that can affect brand image  In today’s passage, we will see why your business needs the best billing software in India and key features to look in a right billing software for your pharma business in 2025 and beyond.  Book Demo Why Your Business Needs the Best Billing Software in India?  Improved Efficiency and Accuracy  Automated billing: Generates invoices and bills automatically, saving time and reducing manual errors.  Streamline Checkout: Speeds up the sales process, reducing customer wait times.   Reduced Manual Workload: Frees up staff to focus on customer service and other critical tasks instead of paperwork.  Enhanced Inventory Management  Real-time Stock Monitoring: Track stock levels, helping to avoid stockouts and reduce wastage from expired products.  Expiry Management: Automatically tracks product expiry dates, which is crucial in the pharmaceutical industry.  Purchase Order Automation: Generates purchase orders for restocking, ensuring prompt delivery and preventing stockouts.  Better Financial Management  Accurate Tax Calculation: Calculates and manages complex tax requirements, such as GST, compliance etc.  Automated Reporting: Generates financial reports for sales analysis, profit margins, and tax filing, providing clear insights into business performance.  Payment Processing: Handles various payment methods and accurately tracks payment statuses and outstanding balances.  Audit-Ready Records: Maintains detailed, organised records for every transaction and product, making it easier to meet regulatory and industry guidelines.  GMP Compliance: Helps maintain records about drug salt content, which is vital for Good Manufacturing Practices (GMP)  Improved Customer Experience  Faster Service: Quick transactions lead to a smoother checkout process and increased customer satisfaction.  Better Prescription Management: Integrates with prescription handling to provide accurate dispensing and customer support.  Enhanced Service: Allows pharmacists to spend more time assisting customers and fulfill fulfilling orders accurately, leading to better service.  Key Features to Look for in the Best Billing Software  GST and Tax Compliance: Your billing software must equip to manage automatic GST calculations, e-invoicing, and generate necessary reports for tax filing and compliance.  Audit Readiness: Digital record-keeping and compliance documentation are crucial for maintaining audit readiness.  Real-Time Stock Tracking: Monitor stock levels, track batch numbers, and manage expiry dates to avoid losses from spoilage or expired products.  Automated Reordering: Receive low-stock alerts and generate purchase orders to ensure a continuous supply of medicines.  Rack Management: Maintain inventory with a rack-wise system to easily locate products during billing.  Fast and Automated Invoicing: Generate error-free invoices quickly, with options for customised formats and multi-mode payment integrations.  Barcode Scanner: Speeds up the billing process by scanning products at the point of sale.  Discount and Price Management: Ability to manage discounts, special offers, and price variations common in the pharma sector.  Integrated Accounting: Simplify bookkeeping, manage accounts payable and receivable, and generate financial statements.  Bank Reconciliation: Easily reconcile bank transactions to maintain accurate financial records.  TDS/TCS Modules: Supports deduction and return filings for Tax Deducted at Source (TDS) and Tax Collected at Source (TCS).  Detailed Records: Maintain detailed records of customer purchase histories and supplier performance for transparency.  Other Key Features  Customer friendly features like loyalty programs, timely prescription, etc  Advanced reporting and analytics for actionable insights  Demand forecasting through analysing historical data to predict demand, production planning, and improve supply chain.  Integrated system with other relevant systems like accounting software or e-prescription platforms.  Multi-user access and multi-location support  User-friendly interface, scalability, data security, and 24x7 customer support  Marg ERP: The Best Billing Software in India for Pharma Industry  Marg ERP stands out as the premier billing software for the pharmaceutical industry due to its comprehensive features tailored to meet the unique needs of pharma businesses. With over 32 years of industry expertise, Marg ERP offers a robust solution that integrates billing, inventory management, accounting, and compliance into a single platform.  Get 7Days' Trial Key Reasons Why Marg ERP is the Best GST Billing Software for the Pharma Industry  GST-Compliant Billing & e-Way Bill Generation: Ensures seamless tax compliance and simplifies the invoicing process.  Marg ERP facilitates one slot update option for new tax slabs and rates announced in GST 2.0 on 3rd September 2025. Call for demo and enjoy GST compliant billing and invoicing software.  Expiry & Batch Management: Alerts for near-expiry items and manages batch-wise tracking to prevent stock wastage.  Automated Reordering & Inventory Control: Utilizes sales trends to set smart reorder points, avoiding stock shortages or excess.  Integrated Accounting & Payment Reminders: Tracks customer payments and sends automated reminders via WhatsApp, SMS, or email.  Mobile Apps for Sales & Delivery: Offers eBilling and mobile rack management for efficient on-the-go operations.  Comprehensive Reporting: Provides over 1,000 customizable reports for detailed business insights.  Trusted by Industry Leaders: Serves over 1.75...

Finance Minister Nirmala Sitharaman has announced a historic restructuring of India’s GST regime on 3rd September 2025, as promised by Honourable Prime Minister Narendra Modi during his 79th Independence Day speech from the Red Fort.   This landmark tax reform marks one of the boldest steps in India’s tax journey, aimed at reducing complexity and making compliance easier for businesses, especially SMEs and startups.  GST Council has consolidated the existing four tax slabs into two – 5% and 18%. They have also created a 40% bracket for luxury items and ‘sin goods.’ These reforms will take effect from September 22, 2025, aligning with the festive Navratri season.  Book Demo Next-Gen GST Reforms 2025: Breakdown Category Wise  Daily Essentials: Tax Benefits for FMCG Industry and Other Related Sectors  Hair Oil, Shampoo, Toothpaste, Toilet Soap Bar, Toothbrushes, Shaving Cream: 5%  Butter, Ghee, Cheese, and Dairy Spreads: 5%  Pre-Packaged Namkeens, Bhujia, and Mixtures: 5%  Utensils and Sewing Machine & Parts: 5%  Feeding Bottles, Napkins for Babies and Clinical Diapers: 5%  Tax Relief for Healthcare Sector  All Diagnostic Kits & Reagents: 5%  Corrective Spectacles: 5%  Glucometers and Test Strips: 5%  Medical Grade Oxygen: 5%  Individual Health & Life Insurance: 5%  Thermometer: 5%  Tax Benefits for Agri Sector  Tractor & Tyres: 5%  Tractors: 5%  Specified Bio-Pesticides and Micro-Nutrients: 5%  Drip Irrigation System & Sprinklers: 5%  Agriculture, Horticultural or Forestry Machines for Soil Preparation Cultivation, Harvesting & Threshing: 5%  Tax Relief for Electronic Appliances  Air Conditioners: 18%  Monitors & Projectors: 18%  Dish Washing Machines: 18%  Television (above 32 inches) including LED & LCDs): 18%  Tax Reforms for Automobile Sector  Petrol & Petrol Hybrid, LPG, CNG, Cars (Not exceeding 1200 cc and 4000 mm): 18%  Diesel & Diesel Hybrid Cars (not exceeding 1500 cc & 4000 mm): 18%  3 Wheeled Vehicles: 18%  Motorcycles (350 cc and below): 18%  Motor Vehicles for Goods Transport: 18%  Tax Reforms in Education Sector  Maps, Charts, and Globes: Nil  Pencils, Sharpeners, Crayons, and Pastels: Nil  Exercise Books and Notebooks: Nil  Eraser: Nil  Government also announced 40% ‘special rate’ for ‘sin goods’ and few luxury items. It includes tobacco products, private aircraft, gambling, aerated drinks, luxury cars & bikes, racing cars, and more.  Now that we have explored what entails in the GST 2.0 reforms as announced on 3rd September 2025, let us dig deeper and evaluate how they will affect small and growing businesses. We will also mention how Marg Billing Software can be your ultimate partner in this transitional phase.  The Overall Impact of GST Reforms on Small and Growing Businesses in India  Simplified Tax Structure Eases Compliance  The shift to a dual-slab system effectively eliminates confusion stemming from overlapping categories like 12% and 28%. This streamlined structure reduces classification errors and compliance burdens for SMEs. Billing software like Marg ERP help businesses adjust with changes in GST and tax regulations seamlessly at an affordable price.  Faster Processes Save Time and Cash  Small and low-risk businesses stand to gain from faster processes. GST registration has been reduced to just three days, and refunds are expected within seven days, especially benefiting export-driven SMEs. The introduction of pre-filled return formats further expedites tax filing.  Cheaper Essentials Fuel Demand  Consumer demand is likely to pick up as essential goods become tax-friendly. Items such as staple food products, household supplies, and health essentials moving to 5% or zero rate boosts affordability. Small and growing businesses in retail, FMCG, and healthcare sectors can leverage these tax reforms with advanced inventory and accounting software like Marg ERP.  Better Cash Flow & Reduced Input Tax Hassles  SMEs will face fewer classification disputes and smoother Input Tax Credit (ITC) reconciliation with fewer tax slabs. Combined with quicker refunds, this reform unlocks working capital that can otherwise be locked due to mismatched credits. It is a common pain point for retailers and distributors, which will be resolved with these GST reforms.  Enhanced Growth and Competitive Potential  FMCG, pharma, clean energy, insurance, and automotive sectors have welcomed the reforms and calling them “next-generation” and “wide-ranging.” These industries include many MSMEs and startups, which now have a clearer, more affordable scale-up trajectory.  Why SMEs Need Advanced Billing Software like Marg ERP to Stay Ahead?  While the GST reforms simplify slabs and processes, the real advantage comes only when SMEs are equipped to adapt quickly. Manual record-keeping or outdated software may still cause:  Errors in classification (5%, 18%, or 40% slab)  Delays in filing GST returns  Mismatches in Input Tax Credit (ITC)  Missed refund deadlines  This is where an advanced accounting billing software like Marg ERP becomes essential. Marg helps with;  Automated GST Compliance  Marg ERP auto-updates GST rates, so businesses don’t need to manually reconfigure ledgers or tax codes. This reduces risks of penalties due to misclassification.  Faster Billing & Pre-Filled Returns  The new GST framework supports pre-filled returns. Marg ERP integrates these seamlessly, allowing SMEs to file in minutes instead of days.  Real-Time ITC Reconciliation  With refunds now promised within seven days, tracking credits accurately becomes crucial. Marg Invoicing Software provides real-time ITC matching, ensuring SMEs don’t lose working capital due to mismatches.  Scalability for Growth  As consumer demand rises with cheaper goods and services, SMEs will need to handle more invoices, orders, and payments. Marg ERP automates...

Running a small or growing business in India today is not easy. Business owners spend hours juggling GST compliance, inventory control, customer invoicing, and accounting. While these tasks are essential, they also take away precious time that could otherwise be used to focus on growth.  In today’s digital age—powered by AI, cloud computing, and mobile apps—manual processes are no longer sustainable. Errors in invoicing, missed payment reminders, or delays in filing GST returns can directly impact cash flow and customer relationships. This is where billing software plays a crucial role.  The right billing solution does much more than generate invoices. It automates repetitive tasks, reduces errors, ensures GST compliance, improves cash flow, and provides insights into business performance. With so many options available in the market, choosing the right tool can be overwhelming for entrepreneurs.  To make your decision easier, we reviewed dozens of tools based on features, pricing, integrations, scalability, and user feedback.   Here’s our list of the Top 6 Billing Software in India for 2025 that are best suited for small and growing businesses.  Marg ERP: India’s Growth Partner for SMEs  Marg ERP is one of India’s most trusted billing and inventory solutions, serving businesses for over 32 years. Built specifically for MSMEs, it offers much more than billing—it combines GST compliance, inventory tracking, e-commerce integration, ERP-to-ERP ordering, and even a unique PharmaNXT drug helpline.  It is widely used in sectors like pharma, FMCG and other. What sets Marg apart is its adaptability; businesses can choose from industry-specific modules and scale as they grow.  Core Features  GST-Ready Billing & E-Filing: Generate GST-compliant invoices, e-way bills, and file returns such as GSTR-9 directly.  ERP-to-ERP Ordering: Place orders between distributors and retailers automatically, ensuring real-time updates of stock, rates, and schemes.  MargMart: Launch your online store in just 15 minutes, with built-in order and inventory integration.  PharmaNXT Helpline: Specially designed for chemists and distributors, with access to over 3 lakh medicines (soon to reach 5+ lakh).  Mobile App Suite: Includes eOwner, eOrder, eRetail, eDelivery, and SFA Xpert apps for on-the-go business management.  WhatsApp Invoicing & Marg Pay: Send invoices via WhatsApp and receive payments instantly with zero charges and 2% cashback.  Best For: SMEs in pharma, FMCG, retail, and manufacturing looking for a complete ERP with billing, inventory, and compliance.  Book Demo Vyapar: Simple and Growth-Oriented  Launched in 2016, Vyapar quickly became a favourite for small and micro businesses due to its simplicity and affordability. Its mobile and desktop versions make it ideal for shop owners, freelancers, and traders who want billing software without the learning curve.  Vyapar Billing Software’s focus is to make invoicing and accounting accessible for businesses that do not have large teams or advanced technical knowledge.  Key Features:  Create and share GST-compliant invoices.  Track inventory in real time and get low-stock alerts.  Automate payment reminders to reduce delays.  Generate 37+ reports including profit & loss and sales summaries.  Works offline and syncs data once online.  Best For: Small shops, traders, and micro businesses looking for easy-to-use billing software.  Zoho Invoice: 100% Free Online Invoicing Software  Zoho Invoice is part of the globally recognised Zoho suite. What makes it stand out is its forever-free plan, which allows invoicing for up to 50 customers. This makes it ideal for freelancers, consultants, and small businesses with limited budgets.  While it is free, Zoho Invoice does not compromise on features. It offers professional invoicing, automation, and integrations with payment gateways.  Key Features:  Create and send customized invoices at no cost.  Track time spent on projects and bill clients accurately.  Integrate with payment gateways for faster payments.  Provide clients with a portal to track their invoices and payments.  Multi-currency support for businesses working with international clients.  Best For: Freelancers, consultants, and startups looking for a professional invoicing tool without costs.  TallyPrime: The Industry Standard ERP  When it comes to accounting in India, Tally has been the trusted name since 1986. Its latest version, TallyPrime, combines powerful accounting with robust billing features. It is perfect for businesses that require comprehensive financial management in addition to invoicing.  Tally is scalable, supports complex business structures, and is used by millions across industries.  Key Features:  Complete accounting features like ledgers, trial balance, and P&L statements.  Advanced GST compliance, including e-invoicing and e-way bill generation.  Multi-location inventory management with batch tracking.  Remote access for owners and accountants.  Handles large data volumes, making it suitable for growing enterprises.  Best For: Businesses that need in-depth accounting along with billing and compliance.  MyBillBook: Mobile-First for SMEs  MyBillBook is designed for business owners who prefer managing everything from their smartphone. It is especially popular among small traders, retailers, and wholesalers. With its mobile-first design, users can handle invoicing, payments, and inventory without being tied to a desktop.  Key Features:  Mobile app for instant billing and account management.  GST and non-GST invoicing support.  Create a free online store to showcase products.  WhatsApp integration for invoices and payment reminders.  Data automatically syncs between mobile and desktop.  Best For: Small businesses and startups that operate primarily through smartphones.  Busy Accounting Software: Reliable and Scalable  BUSY Accounting Software has been serving MSMEs for decades and is known for its reliability....