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Worried about filing GST Returns? Make it look easy with Sage 300

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filing GST Returns
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GST has become a hot topic in the last few years. GST (Goods and Services Tax) is a unified indirect tax system levied on the supply of services and goods from manufacturers to consumers. GST aims to simplify the complex tax web. It is an all-inclusive tax, which makes it a single process eliminating the turbulent effects of taxes on the manufacturers and supply prices of goods and services.

GST returns are documents that entail income details of the taxpayer that needs to be filed with the tax authorities. GST return is used to calculate tax liability by the tax administrative authorities.

Under the GST reform, registered dealer/business ought to file returns that include:

  1. Input tax credit (GST on purchases)
  2. Output GST (GST on sales)
  3. Sales
  4. Purchases

Businesses and dealers file GST returns to the government by updating invoices. Under the new GST reform, all the registered businesses ought to file GST returns on a monthly, quarterly and / or yearly basis based on the business type.

As with any returns, filing GST returns too is a tedious task. Return filing is important for a business to avoid incurring penalties, interests or disallowance of tax credits. The GST Act makes it mandatory for every registered business to furnish details of sales and purchases, which is inward and outward supplies along with tax allocated and tax paid from time to time by filing returns.

This is the reason we are witnessing a steep surge in the number of businesses embracing GST-ready ERP solutions. Yes, a staggering number of organizations are going digital to handle GST return filing. We at Sage Software Solutions (P) Ltd. take great pride in offering Sage 300, a fully GST-ready ERP software that would assist businesses stay GST compliant.

Sage 300 makes the entire process of GST returns a cakewalk. There are many types of GST returns such as GSTR-1, GSTR-2, GSTR-3, etc.

Take for instance, GSTR-1, fetching the data required for this particular GST return type or any other filing to give it as an input for Return filing can be done easily with Sage 300 at the click of button.

Sage 300 provides the CSV outputs for the transactions entered consisting of detailed data related to GSTR-1 & GSTR-2. Monthly data of outward supplies and inward supplies of taxable goods or services can be fetched as well. This consists of customer details, transaction details, transaction types, tax rates, tax amounts and much more. You can fetch them all in one single file.

Here, the end users can manage outgoing and incoming data easily. You can also customize your own output from Sage 300’s GST module. The ERP solution comes with functionalities that will help businesses to automate the entire process of GST return filing by simply entering the output generated from the system. This will pace up the process of return filing.

Simply put, Sage 300 is a robust ERP software that would simplify GST return filing for businesses and enterprises of all size and type. Running helter-and-skelter during the last minute is never a good idea when it comes to filing tax returns. Automating the process of GST return filing is sure to offer long-term benefits and our ERP software is here to help your business stay GST compliant.

To know more on how Sage 300 can help your business with GST woes, contact us here. Sage Software Solutions (P) Ltd. has actively involved in developing as well as implementing top-notch enterprise resource planning solutions for enterprises of diverse sizes and verticals for over three decades. You can drop us a mail at for free demo and consultation.

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