As we approach 2025, managing GST (Goods and Services Tax) compliance is becoming more essential for businesses across India. With evolving tax regulations, GST accounting software is transforming to offer more automation, real-time insights, and seamless integrations, simplifying complex financial tasks. This blog will explore the top GST accounting software for 2025, highlighting their key features, tax reporting capabilities, and integrations to help businesses stay compliant while optimizing their financial management.
1. Refrens
Refrens is a cloud-based accounting and invoicing software designed to simplify GST compliance and financial management for businesses of all sizes. With its intuitive interface and secure cloud storage, Refrens provides an efficient platform for managing GST-compliant invoicing, tax calculations, and reporting.
Key Features:
- Invoicing: Easily create and share invoices with automated tax calculations, fully customizable templates, and multi-currency support to cater to diverse business needs.
- Bulk Upload: Upload accounts, invoices, and transactions in bulk to save time, minimize errors, and increase efficiency when handling large amounts of financial data.
- Automated Accounting: Streamline bookkeeping with automatic journal entries generated from invoices, payments, and transactions, ensuring accurate ledgers and reducing manual efforts.
- Audit Trail: Keep a complete audit trail of all modifications made to your accounting documents for full transparency and accountability.
- Expense Management: Track and manage expenses in real-time, with tools for categorization, approval workflows, and budget control to improve financial oversight and planning.
- Multi-User Management: Enable seamless collaboration by adding accountants and team members with role-based access, ensuring secure and efficient sharing of financial data.
- Reporting and Analytics: Generate comprehensive reports such as balance sheets, profit and loss statements, trial balances, tax summaries, client statements, and daybook records. Use advanced analytics to gain insights into revenue trends, outstanding payments, and client behavior for improved cash flow management.
- Inventory Management: Keep track of inventory levels in real-time, with automatic updates based on sales, purchases, and expenses. Access detailed product profitability reports to identify high-performing products.
- Invoice API: Automate invoice creation with Refrens’ Invoice API, seamlessly integrating with third-party apps for effortless invoice management. Eliminate manual tasks, ensure timely invoicing, and customize email sending identities for API-generated documents—perfect for e-commerce businesses using Shopify.
Ratings:
- Capterra: 4.9
- Product Hunt: 4.9
- Trust Pilot: 4.9
- Software Suggest: 4.9
- Software Advice: 4.9
2. QuickBooks
QuickBooks is a well-known cloud-based accounting software that helps small businesses manage finances, track GST, and simplify tax filings. With over 200 banking and app integrations, QuickBooks can be tailored to suit the GST needs of various businesses.
Key Features:
- GST Invoicing: Easily create GST-compliant invoices with automated tax calculations, allowing businesses to accurately calculate GST on every sale and purchase. Send customized invoices with payment reminders to ensure timely collections and reduce outstanding balances.
- Financial Reporting: Generate GST-specific reports such as GSTR-1, GSTR-3B, and GST summary reports to simplify tax filing. QuickBooks also offers reports for income and expenses, profit and loss, and balance sheets to provide a comprehensive view of your business’s financial health.
- Bank Reconciliation: Sync your bank transactions automatically with QuickBooks, allowing you to match records effortlessly during reconciliation. This minimizes errors and ensures your bank account and accounting records are always up to date.
- Tax Management: Track GST payments, calculate GST deductions, and manage tax liabilities with QuickBooks’ built-in tax management tools. The software automatically calculates GST on every invoice, helping you stay compliant and avoid overpayment or penalties.
- Inventory Management: Monitor stock levels in real-time with automated updates based on sales and purchases. QuickBooks also integrates with platforms like Shopify, ensuring seamless GST-compliant inventory management across your online store.
- Multi-Device Access: Access your QuickBooks account from any device—desktop, tablet, or mobile—allowing business owners and accountants to stay on top of their finances on the go. The mobile app offers full functionality for invoicing, expense tracking, and report generation.
- App Integrations: With over 200 available integrations, QuickBooks allows businesses to connect to banking apps, payment gateways, e-commerce platforms, and CRM tools. This integration streamlines your GST accounting process and provides a unified financial management experience.
Ratings:
- Capterra: 4.3
- Trust Pilot: 4.5
- Software Advice: 4.3
- G2: 4.0
3. Xero
Xero is a cloud-based accounting solution designed to simplify GST accounting for small businesses. It offers seamless integrations, automated processes, and real-time insights to help businesses stay compliant with GST regulations.
Key Features:
- GST Invoicing: Effortlessly create GST-compliant invoices with automatic tax calculations. Xero’s invoicing feature ensures businesses can generate invoices that reflect the correct GST rate based on the type of product or service sold.
- Expense Management: Track and categorize GST-related expenses and link them directly to projects, helping businesses stay on top of GST payments and deductions. Xero’s powerful expense management system ensures you can quickly reconcile all your business expenses for tax reporting.
- Bank Reconciliation: Xero automatically matches your bank transactions with your accounting records, saving time during reconciliation. This eliminates manual entry errors, providing a more accurate financial overview.
- Inventory Management: Keep track of inventory levels in real-time, with automatic updates from sales and purchases. Xero’s inventory management system ensures GST compliance, making it easier to report and manage stock-related expenses.
- Payroll Management: Xero automates payroll calculations, including GST deductions, ensuring your employees are paid accurately while keeping your business compliant with local tax regulations.
- Cash Flow Tracking: Gain real-time insights into your cash flow with customizable dashboards that show income, expenses, outstanding invoices, and bills. Xero’s cash flow tracking tools help businesses maintain liquidity and make informed financial decisions.
- App Integrations: Xero integrates with over 1,000 apps, providing the flexibility to expand your accounting software and streamline other business functions such as CRM, inventory, and payroll management. This feature ensures seamless communication between your business tools.
Ratings:
- Capterra: 4.4
- G2: 4.3
- Trust Pilot: 3.7
- Get App: 4.4
- Software Advice: 4.4
4. Zoho Books
Zoho Books is a powerful, user-friendly accounting software that simplifies GST accounting and tax filing for small and medium-sized businesses. It helps automate tasks, manage invoices, and ensure compliance with GST regulations.
Key Features:
- GST Invoicing: Zoho Books allows users to create and send GST-compliant invoices with ease. It supports automated recurring invoices, GST calculation, and payment reminders, ensuring timely payments and smooth tax reporting.
- Custom Reports: Zoho Books provides customized GST reports like GSTR-1 and GSTR-3B, helping businesses prepare for tax filing. These reports include all the necessary details to ensure GST compliance and prevent costly errors.
- Connected Banking: Link your bank accounts to Zoho Books, allowing automatic synchronization of your bank transactions. This feature categorizes entries, reconciles accounts, and ensures GST compliance by simplifying the tracking of incoming and outgoing payments.
- Expense Management: Track and categorize expenses in real time, making it easier to manage GST-related costs and ensure accurate tax deductions. Zoho Books allows you to link expenses directly to customer invoices and projects for precise accounting.
- Workflow Automation: Automate repetitive tasks such as payment reminders, recurring entries, and notifications. Zoho Books helps streamline your workflow by reducing manual effort and improving overall productivity.
- Inventory Management: Zoho Books features real-time inventory tracking, automatically updating stock levels based on sales and purchases. This helps businesses manage stock-related GST compliance, while ensuring efficient inventory turnover and minimizing stockouts.
- Multi-Currency Support: For businesses dealing with international transactions, Zoho Books offers multi-currency support, calculating GST and taxes for each country’s specific requirements. This feature is essential for global businesses managing multiple currencies
Ratings:
- Capterra: 4.5
- Trust Pilot: 4.5
- G2: 4.3
- Software Advice: 4.6
5. Tally Prime
Tally Prime is a comprehensive accounting software solution designed for businesses of all sizes. Known for its user-friendly interface, Tally Prime simplifies GST compliance, accounting, and inventory management. It is ideal for both small businesses and large enterprises, providing seamless GST integration and real-time reporting.
Key Features:
- GST Invoicing: Create GST-compliant invoices with automatic tax calculations and customizable templates. Tally Prime automatically applies the correct GST rate based on the product or service, ensuring compliance with GST laws.
- GST Returns Filing: Generate GSTR-1, GSTR-3B, and other necessary GST reports directly from the software. Tally Prime simplifies the process of filing GST returns and reconciles the returns with your sales and purchases.
- Financial Reporting: Tally Prime generates comprehensive reports such as profit & loss, balance sheet, and cash flow statements. It also provides detailed GST reports to ensure accurate tax filings.
- Inventory Management: Track inventory levels in real-time, with automatic updates based on sales and purchases. Tally Prime ensures accurate GST reporting on stock movements, making inventory management more efficient.
- Bank Reconciliation: Automatically reconcile bank transactions with your books. Tally Prime matches bank transactions with accounting records, saving time and reducing reconciliation errors.
- Payroll Management: Simplify payroll processing by automating salary calculations, including GST-related deductions for employees. It ensures compliance with labor laws and tax regulations.
- Multi-User Support: Tally Prime allows multiple users to collaborate simultaneously on different tasks, ensuring seamless workflow management and secure data sharing.
Ratings:
- Capterra: 4.5
- Trust Pilot: 4.2
- Software Advice: 4.4
6. ClearTax
ClearTax is a cloud-based GST accounting and filing software designed to help businesses stay compliant with Indian tax laws. It offers seamless integration with GSTIN and e-way bill systems, making GST filing simple and hassle-free.
Key Features:
- GST Invoicing: Create and send GST-compliant invoices in a few clicks. ClearTax offers automated tax calculations and customizable templates for different types of transactions, including sales, purchases, and services.
- GST Returns Filing: Automatically generate GSTR-1, GSTR-3B, GSTR-9, and other required GST returns. ClearTax allows businesses to e-file their returns directly from the software, ensuring timely and accurate submissions.
- Tax Reconciliation: ClearTax helps businesses reconcile GST payments with supplier and customer invoices to ensure accurate tax reporting and compliance.
- E-Way Bill Generation: Generate e-way bills for transportation of goods seamlessly. ClearTax integrates directly with the government’s e-way bill portal, streamlining the process.
- Financial Reporting: Get detailed financial reports such as income statements, balance sheets, and tax summaries, all aligned with GST requirements for easy tax filing.
- Bulk Upload and Integration: Upload bulk invoices and transactions for smooth GST reporting. ClearTax also integrates with accounting software like Tally and QuickBooks, reducing manual data entry.
- Multi-Currency Support: For businesses dealing with international transactions, ClearTax provides support for multi-currency GST calculations.
Ratings:
- Capterra: 4.4
- Trust Pilot: 4.6
- Software Advice: 4.5
7. Marg ERP 9+
Marg ERP 9+ is a GST-compliant business software designed for small to medium-sized businesses. It is a complete solution for inventory, accounting, and billing, with seamless integration of GST tax calculations and return filing.
Key Features:
- GST Invoicing: Marg ERP 9+ supports GST-compliant invoicing with automatic tax calculations. Businesses can create invoices for sales, purchases, and services with customizable GST rates based on their product or service categories.
- GST Return Filing: Generate and file GSTR-1, GSTR-3B, and GSTR-9 reports directly from the software. Marg ERP 9+ also ensures that all GST returns are accurately filed with up-to-date data.
- Inventory Management: Marg ERP 9+ provides real-time tracking of stock, automatically updating inventory levels with each sale and purchase. It ensures that GST calculations reflect accurate stock movements and purchase transactions.
- Tax Calculation and Compliance: The software automatically calculates GST on all transactions, ensuring compliance with both central and state GST laws. It supports both GSTIN and e-way bill systems for accurate tax reporting.
- Bank Reconciliation: Marg ERP 9+ allows automatic bank reconciliation, matching bank transactions with the business’s accounting records, reducing errors, and saving time during reconciliation.
- Reports and Analytics: Marg ERP 9+ generates detailed reports, including balance sheets, profit & loss statements, and GST summaries, providing businesses with insights into their financial performance.
- Multi-Location Support: This feature allows businesses with multiple locations to manage GST-related transactions from different locations in one unified system.
Ratings:
- Capterra: 4.3
- Trust Pilot: 4.4
- Software Advice: 4.3
Conclusion
As businesses continue to navigate evolving tax regulations, the GST accounting software options for 2025 offer powerful automation, tax compliance features, and seamless integrations.
These solutions help businesses of all sizes stay compliant with the latest GST requirements while optimizing their financial management. By selecting the right tool tailored to your specific business needs, you can ensure accurate GST filings, streamline operations, and set your company up for long-term success.
