Deepak Gupta | May 31, 2019 |
FAQ on Accounting and billing softwar
1. What is Accounting and Billing Software on the GST Portal
Accounting and Billing Software download functionality is made available for the Micro, Small and Medium Enterprises (MSMEs) having turnover less than Rs. 1.5 crores. This software allows a taxpayer to run his daily business by providing day to day billing and accounting features, alongwith facility for return filing for their GST related compliances.
The software would be available free of cost to eligible taxpayers till 31.03.2021 or till the taxpayers annual turnover remains under Rs 1.5 Cr in a financial year, after which the taxpayers may have to pay a fee to the vendor.It may be noted that only certain basic features of the software would be provided free. Some of the free features being made available by all the vendors are Sale/ Purchase/ Cash ledger, Inventory management, Supplier/ Customer Masters, Generation of Invoices, Preparation of GST Returns etc.
For using features other than free features listed or using the software beyond the initial free period, the taxpayer may visit respective vendor product site to ascertain fee payable, if any.
2. Who can download Accounting and Billing Software on the GST Portal
Accounting and Billing Software download functionality is made available for the Micro, Small and Medium Enterprises (MSMEs) having turnover less than Rs. 1.5 crores.
3. From where can I download Accounting and Billing Software on the GST Portal
To download the accounting and billing software on the GST Portal, login to the GST Portal with valid credentials. Navigate toDownloads > Accounting and Billing Software option.
4. “Accounting and Billing Software” functionality on the GST Portal is available to which all type of taxpayers and in which States/UTs
Accounting and Billing Software” functionality is only available to active Normal (Regular), taxpayers who have opted for composition schemeand SEZ Developer/ SEZ Unit who are registered on the GST Portal, having turnover less than Rs. 1.5 crores in a financial year. The functionality is available to the taxpayers for all States/ UTs
5. I am not able to view “Accounting and Billing Software” link on the GST Portal
Accounting and Billing Software” download functionality is available to active Normal, taxpayers who have opted for composition scheme and SEZ Developer/ SEZ Unit registered on the GST Portal. “Accounting and Billing Software” download functionality is available to the Micro, Small and Medium Enterprises (MSMEs) having turnover less than Rs. 1.5 crores.
Fee for Accounting and Billing Software:
6. Is there any fee for usage of Accounting and Billing Software
It may be noted that only certain basic features of the software would be provided free. Some of the free features being made available by all the vendors are Sale/ Purchase/ Cash ledger, Inventory management, Supplier/ Customer Masters, Generation of Invoices, Preparation of GST Returns etc. For using features other than free features listed or using the software beyond the initial free period, the taxpayer may visit respective vendor product site to ascertain fee payable, if any.
7. Is there any renewal required for usage of Accounting and Billing Software, after expiry of the fixed term
The features as offered and indicated in the link are offered to persons of specified turnover, free of cost. For using features other than free features listed or using the software beyond the initial free period till 31.03.2021, the taxpayer may visit respective vendor product site to ascertain fee payable, if any.
8. What features and functionalities are available to taxpayers when using the Accounting and Billing Software
Navigate toDownloads > Accounting and Billing Software >“Common Free Features” link underFeatures Offered (Free of Cost)to view the list of common features offered by the Accounting and Billing Software.
9. Is there any check for validating the annual turnover of the taxpayer opting for the Accounting and Billing Software as per Return filed on the GST Portal by them
No, there is no check for validating the annual turnover of the taxpayer opting for the Accounting and Billing Software as per Return filed on the GST Portal by them. However, the declaration given by the taxpayer regarding the turnover would be captured and recorded on the GST Portal.
10. My turnover has exceeded 1.5 crore after I started using the Accounting and Billing Software. Will any legal action be taken against me for using the Accounting and Billing Software
Please note that your use of Accounting and Billing Software will be governed by the licensing and terms and conditions of the respective Accounting and Billing Software vendor.
Disclaimer of GSTN & Declaration by Taxpayer
11. What is the Disclaimer given by GSTN in the Accounting and Billing Software
GSTN makes no representations or warranty whatsoever about the Account & Billing Software which you may access throughwww.gstn.org. When you access the software, please understand that it is independent from GSTN, and that GSTN has no control over that Software. GSTN does not endorse or accepts any responsibility the use/misuse by such Software. It is up to you to take necessary precautions. GSTN is not collecting taxpayers data through the Software in any manner. Please read the terms and conditions of the Software properly before proceeding forward.
12. Do I need to mandatorily accept the declaration before downloading the Accounting and Billing Software
YouMUSTread the disclaimer by GSTN and thereafter accept or reject the declaration. Once you click theACCEPTbutton, you will be directed outside the GST Portal to the product site of the respective vendor to download the software. If you click theREJECT button, you will land back to the Accounting and Billing Software page.
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