Here is simple online bookkeeping software that ensures you are GST compliant with minimal efforts, helping you save time. The goods and services tax (GST) is an indirect tax levied on goods and services sold for consumption. The tax helps government generate revenue.
The GST is paid by consumers, but it is levied and remitted to the government by businesses selling the goods and services.
Every business is expected to be GST ready and comply with the tax regime. It is critical for every registered entity to ensure taxes are remitted and tax returns filed well before the due dates.
TopNotepad is a cloud based affordable invoicing and accounting software that helps small businesses seamlessly manage books of accounts and be compliant.
For those who are not upgrading to TopNotepad, below list highlights the steps to be GST ready
- Upgrade your current accounting infrastructure
- Get trained and train your staff about the nitty grittiest of the tax regime
- Closely track notifications from the tax authorities
- Set-up milestones to ensure you keep pace with the implementation
- Complete all the required paper work
- For you to be compliant, your vendors need to upgrade their infrastructure, make sure you communicate
- Seek help from tax experts, if need be
- Understand and prepare for any opportunities or threats from the new regime
If you are a small business, you can save yourself significant time and effort and also check a few items in the list above if you upgrade to TopNotepad, which is GST software for small businesses. The software would not only help you be compliant but also help you manage other aspects of your business. The auto-bookkeeping feature creates all the required book-keeping documents with no additional work, just log create GST compliant invoices and log your expenses, that’s it!
We strongly recommend small businesses, not to invest in industry specific software, which are complex and may not be affordable. TopNotepad is carefully designed software to manage books and invoices for variety of small businesses.
The GST is paid by consumers, but it is levied and remitted to the government by businesses selling the goods and services.
Every business is expected to be GST ready and comply with the tax regime. It is critical for every registered entity to ensure taxes are remitted and tax returns filed well before the due dates.
TopNotepad is a cloud based affordable invoicing and accounting software that helps small businesses seamlessly manage books of accounts and be compliant.
For those who are not upgrading to TopNotepad, below list highlights the steps to be GST ready
- Upgrade your current accounting infrastructure
- Get trained and train your staff about the nitty grittiest of the tax regime
- Closely track notifications from the tax authorities
- Set-up milestones to ensure you keep pace with the implementation
- Complete all the required paper work
- For you to be compliant, your vendors need to upgrade their infrastructure, make sure you communicate
- Seek help from tax experts, if need be
- Understand and prepare for any opportunities or threats from the new regime
If you are a small business, you can save yourself significant time and effort and also check a few items in the list above if you upgrade to TopNotepad, which is GST software for small businesses. The software would not only help you be compliant but also help you manage other aspects of your business. The auto-bookkeeping feature creates all the required book-keeping documents with no additional work, just log create GST compliant invoices and log your expenses, that’s it!
We strongly recommend small businesses, not to invest in industry specific software, which are complex and may not be affordable. TopNotepad is carefully designed software to manage books and invoices for variety of small businesses.