Free Accounting Software for Small Taxpayers

Free accounting software- Nowadays, I want to show you that thousands of small taxpayers of GST have no accounting software still. Firstly, I would like to clarify why small taxpayers do have not any best accounting software. And they use an excel sheet to record all data which is not proper and nobody is able to understand that recording process perfectly.

Why we are using excel sheets for accounting records in the place of accounting software?

Yes, We are using an excel sheet because office excel is a good place to record more data for a financial year. And we are able to make so many records on a particular one or two excel sheets and it is best to see all records in one place. But as a small business taxpayer, we require to use the best accounting software free or paid.

Which accounting software should use for accounting?

Nowadays, In the financial years, 2022-23 and above you can use more software that can be used for free or paid. If you are able to purchase the best accounting software for you then should purchase it. You can purchase software such as TALLY, BUSY, QUICK BOOK AND ZOHA, etc.

On the other hand, if you are not able to purchase and want to use free accounting software for your accounting records then you should use software that is provided by the GST council.

Best free accounting software’s are suggested by GSTN PORTAL for MSMEs

A LIST OF FREE ACCOUNTING SOFTWARE IS BELOW:

  • uBooks (Adaequare info Pvt ltd.)
  • FocusLyte (Focus Softnet Pvt Ltd.)
  • Marg GST pro ( Marg ERP ltd)
  • Saral Accounts (Relyon Softech Limited)
  • GenieBooks (Seshaasai business forms Pvt ltd)
  • Zoho Books (Zoho Corporation Private Limited).

Who can use this free accounting software for GST in India?

As per the latest GST news, a small business taxpayer who has a turnover below 1.5 crores can use this software and he can get it easily through GST PORTAL by using a simple process.

How to download free accounting software for the small business taxpayer?

Here is the list of steps to download software:

  1. Firstly search on google – GSTPORTAL
  2. Login by your user name and password.
  3. After login go to Menu and open the download tab
  4. Then you will see three options -select accounting and billing software
  5. After clicking you will get a pop-up message that the download functionality is available to the Micro, Small, and Medium Enterprises (MSMEs) having a turnover of fewer than 1.5 crores.
  6. Do you have a turnover of less than 1.5 crores?
  7. Then click on the yes button and You will see a list of the vendor (free software providers)
  8. finally, you will see the above-listed software names, detail, and download links.
  9. Then go to the download link -you will reach over to the vendor (free software provider) there you are to register yourself by providing details.
  10. At the last, you will get free software to choose as per your requirement free software which is like to use for their business accounting.

General instruction by the source of GSTN network for free accounting software to use:

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 a 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, along with the 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 taxpayer’s 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 for 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 the respective vendor product site to ascertain the fee payable, if any.

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 a turnover less than Rs. 1.5 crores.

Faqs on free accounting software

Here are some further faqs are given for free accounting software use

From where can I download Accounting and Billing Software on the GST Portal?

To download the accounting and billing software on the GST Portal, log in to the GST Portal with valid credentials. Navigate to Downloads > Accounting and Billing Software option.

“Accounting and Billing Softwares” functionality on the GST Portal is available to all types of taxpayers and in which States/ut?

“Accounting and Billing Software” functionality is only available to active Normal (Regular), taxpayers who have opted for the composition scheme, and SEZ Developer/ SEZ Unit who are registered on the GST Portal, having a turnover less than Rs. 1.5 crores in a financial year. The functionality is available to the taxpayers in all States/ ut.

I am not able to view the “Accounting and Billing Software” link on the GST Portal?

“Accounting and Billing Software” download functionality are available to active Normal, taxpayers who have opted for the 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 a turnover of less than Rs. 1.5 crores.

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 for 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 the respective vendor product site to ascertain the fee payable, if any.

Is there any renewal required for usage of Accounting and Billing Software, after the 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 the respective vendor product site to ascertain the fee payable, if any.

What features and functionalities are available to taxpayers when using the Accounting and Billing Software?

Navigate to Downloads > Accounting and Billing Software > “Common Free Features” link under Features Offered (Free of Cost) to view the list of common features offered by the Accounting and Billing Software.

Is there any check for validating the annual turnover of the taxpayer opting for the Accounting and Billing Software as per the 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 the 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.

My turnover exceeded 1.5 crores after I started using 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

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 through www.gstn.org. When you access the software, please understand that it is independent of GSTN and that GSTN has no control over that Software. GSTN does not endorse or accept any responsibility for the use/misuse of such Software. It is up to you to take the 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 

Do I need to mandatorily accept the declaration before downloading the Accounting and Billing Software?

You MUST read the disclaimer by GSTN and thereafter accept or reject the declaration. Once you click the ACCEPT button, you will be directed outside the GST Portal to the product site of the respective vendor to download the software. If you click the REJECT button, you will land back on the Accounting and Billing Software page.

I hope you will use this free six software for their accounting as per your requirement and you will be able to understand accounting.

7 Replies to “Free Accounting Software for Small Taxpayers”

  1. unify software solutions

    Hey, thank you for writing such a detailed post on this topic! I was wondering if I was doing things “right” we have busy accounting software
    busy software price
    The Busy Accounting Software All Edition Price List here. You May Purchase Online and find the right software for your SME business. Check Busy Edition’s price

  2. Taxbase GSTPro

    I agree with the list of softwares given here, I would love to see more Software from other companies and brands. E.g. Our TaxbaseGSTPro of Sinewave’s GST software, it works very well and it has some features and trials at free of cost.

  3. Prashant

    We have developed an ERP accounting, billing software solution which supports all Indian languages and 10 most popular languages over the world. Software is made in that whay that any business can use it from any where over the globe. Our user interface is very different than other software products in the market, we like you to review our software if it worths. We had made youtube tutorials about it for simpilicy (https://www.youtube.com/watch?v=3VB-sj7hi1U&list=PLmHp9a-9J7EY6b-OOcmlgJ7tX_sySlPqK).
    Thanks for your time…

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