BUSY is a simple, yet powerful GST / VAT compliant Business Accounting Software that has everything you need to grow your business.
As per GST regulations, transporters must carry E-Way Bills while transporting goods amounting to more than Rs. 50,000 (depending on the state) within or between two states. Transporters must also have a copy of the E-Way Bill and invoice as evidence under the new GST law.
As per the regulations, E-way bill generation has become crucial for business owners to remain tax-compliant. Thus, having the right e-way bill software can help businesses adhere to e-way bill regulations. Thus, to help you out in this blog, we will discuss 7 crucial factors that you should consider while choosing the right software.
There are a few factors you should consider while searching for the best e way invoicing software.
The most crucial factor you have to consider while selecting an E-way bill software is that it allows you to follow GST e-way compliance seamlessly. Regulations become simpler with integrated billing software, which helps you quickly generate accurate e-way bills in single or bulk and lets you move quickly and fluidly between the portal and your system, depending on your business’s requirements.
While choosing the best e-way bill software, ensure it offers the flexibility to generate bills in real time.There might be instances where you can only generate E-Way bills after a few days, as you have to transfer items within a few days, but the conveyance is still being prepared to handle the load. Therefore, managing such intricacy should be simple using e-way bill software.
Make sure that your e-way bill software seamlessly integrates with the e-invoice. Moreover, the e-way bill system should have accessibility to the Invoice Reference Portal (IRP) and login credentials to generate e-way bills. Taxpayers should be able to generate an e-way bill simultaneously with the e-invoice or later use the IRN as a reference. However, generating an e-way bill without a legitimate e-invoice would make it void (in cases where rendering an e-invoice is mandatory).
Managing GST e-way bills can be mandatory for different reasons. For instance, if a vehicle breaks down while transporting goods, you must locate the exact invoice promptly and create a new e-way bill using the portal. Make sure, it also allows you to revise inaccurate invoices or export unsubmitted e-way bills from the e-way bill portal.
When internet speed isn’t optimal, integrated services can be a boon for business owners. For instance, if you fail to get the login credentials needed to upload your bills or are unable to access the e-way bill portal, you must be able to complete the necessary steps using your business management software. This software must allow you to work offline and generate e-way bills accurately.
When generating an e-way bill, the e-way bill software should validate the data to ensure it is correct and save businesses from errors.
E-way bill software must be able to calculate the distance between the site of products’ dispatch and delivery automatically. When the distance is estimated automatically, creating an e-way bill becomes easier.
After reading this blog, you may have understood what factors to consider while selecting an e-way bill software. While selecting the software, remember your requirements, assess every available option to know which software suits your needs, and decide accordingly.
BUSY is a simple, yet powerful GST / VAT compliant Business Accounting Software that has everything you need to grow your business.