GST invoice format in excel comparison

Invoice templates in excel are a good way to bill your clients if your business is super small, in the beginning phase and only makes an invoice every now and then. But if you’re serious about your business and have to work day in and day out with invoices, stock, proformas and others, billing software is the key to your success.

Advantages

Minimum chances of making mistakes.

All your documents have the right details on them, taxes are calculated and split the right way and you have time to get back to your business. Isn’t that a great feeling?

All your data, safe and easily accessible in one place

No more lost files or panicking that you can’t find an invoice. We invest a lot of resources in infrastructure and safety and your data is safe with us.

Does the work for you

Memorizes everything, from clients and products, to amounts and notes, and autocompletes whenever you need it to. Split taxes calculate in the blink of an eye, and everything is correct too!

Sleek Bill is a business tool

You can use this complete billing software to your advantage, by helping your business grow, not just by handling your invoicing.

Helps you get paid faster

With reports that show you when a bill is due and who didn’t pay you on time, it’s a lot easier to keep track of your cash. Plus, you can add payment links straight to your invoices to save you some trouble.

Smart reports = smart business

Taking business decisions is critical and Sleek Bill helps you be informed when you take these important decisions.

Personalized bills, different templates

Impress your clients by proving professionalism, accuracy and attention to details.

Technical support when you need it most

Our team works hard to give you the best possible answers, give you documentation when you need it and answer your calls with calm and resourcefulness.

Always updated, grows with your business

Sleek Bill is developed with professional consultants and accountants according to the most recent Indian laws.

Multiple features, designed to help you

*Professional templates for invoices, quotes, delivery notes, proformas *Purchase orders turned to bills, with stock automatically added with just 1 click
*Advanced document options
*Backup and restore database functions

The most loved billing software in India

50000 small businesses like yours use Sleek Bill every day.

Disadvantages

You can easily make mistakes.

Wait, did you copy the right GSTIN for your client? Is the tax logic right, are SGST and CGST correctly applied? These questions waste your time and make you angry.

You can lose data, invoices, everything

Spreading files over multiple folders, getting into computer problems, or even an employee who accidentally deleted your intricate excel template... All the work gone down the drain just like that.

Wasting time and energy on writing everything by hand, every single time

Having a business is not an easy task, we know. Shouldn’t you maximize the time and energy you have by automating the tasks you can?

You make invoices just because you have to

No other value for your business from an excel file. No easy stock tracking, nothing. Such a shame.

Your bill is sent, now what?

Cash flow is the ‘blood’ of any business. Not being able to track it will most likely keep you up at night. Why not enjoy better sleep with less billing worries?

No reports

Just billing because you have to and no extra value, plus lots of time spent on this. How will you grow your business this way?

Just another excel made bill…

Your invoices represent your business. Are you sure you want to be represented by tables that anyone can draw and messy information?

Do you have any problems with your invoice and don’t know how to solve them?

Too bad nobody’s there to give you a hand...

The laws are changing faster than day and night

Need some guidance because a law changed? Read some news online and fingers crossed you’ll be fine and won’t have to pay any fines.

Well, there’s none to speak of...

You save some money, but you lose so much value it doesn’t even matter what you saved...

GST Explained

What is GST bill?

GST, short for Goods and Services tax, is a new tax that will be imposed on the sale and purchase of goods and services in India. GST is meant to replace all taxes in India with a single unified tax applied to value addition instead of the total value of the product at each stage in the supply chain.

This method provides credit for the input tax paid on the purchase of goods and services, which can be offset with the tax to be paid on the supply of goods and services. As a result, this reduces the overall manufacturing cost, with the end customer paying less.

Which goods and services are exempted from GST?

With certain current taxes remaining, the following goods and services will be fully or partially exempted from the GST

What are the GST benefits for your business?

Free movement of goods: Business owners will be able to sell more in other states without having to worry about interstate transaction costs. With GST, the entry tax will be eliminated, which will save time and money spent.

What taxes does GST replace?

Currently, there are many indirect taxes that both the state and central governments are collecting on every purchase and sale.

How will GST work in practice?

The GST will follow a similar model with the one before it

What is the proposed GST rate?

GST will have a 4-tier tax structure

Why is GST being introduced in India?

One of the main reasons for GST being introduced in India is the tax burden that falls both on companies and consumers. With the current tax system, there are multiple taxes added at each stage of the supply chain, without taking credit for taxes paid at previous stages. As a result, the end cost of the product does not clearly show the actual cost of the product and how much tax was applied. This cascading structure is too complex and inefficient.

How will Inter-state transactions work in GST?

For inter-state transactions, the Centre will levy Integrated GST (IGST), which is equal to the average of the CGST and SGST rates. After applying IGST, CGST and SGST credits received from purchases, the seller will then pay the remaining IGST on the added value.

What is the exemption limit in the GST?

Businesses with turnover revenue of 20 lakhs and above will have to register and file for GST returns, with a threshold of 10 lakhs for businesses in the north east and hill states.

How will imports be handled in GST?

A combination of CGST and SGST will be applied to the import of goods and services that come to India. Tax benefits and credits will be given to the state where the imported goods and services are consumed.