In the dynamic landscape of Indian business, staying on top of the latest technologies and regulations is crucial for entrepreneurs and business owners. One such critical aspect of modern Indian commerce is the Goods and Services Tax (GST). If you’re running a small business, learning how to make a bill can greatly simplify your financial record-keeping.
CaptainBiz is a powerful accounting and invoicing software designed to streamline various aspects of your business, including creating GST-compliant bills. If you run a small business, CaptainBiz offers a user-friendly interface and a wide range of features that can save you time
and help you maintain financial accuracy. Learn how to effortlessly create a bill online in compliance with India’s GST regulations.
Understanding the importance of GST bills
GST, implemented in 2017, revolutionised the Indian tax system by subsuming multiple taxes into a single, unified system. Every business registered under GST is required to generate GST- compliant invoices for every sale or service provided. These invoices serve as legal documents, ensuring transparency in tax transactions. Non-compliance or inaccurate invoicing can result in penalties and legal complications, making it imperative for Indian businesses to get it right.
CaptainBiz GST billing software
Here’s a breakdown of the tutorial’s key components:
Step 1: Sign up and login.
Before you can start to make a bill with CaptainBiz, you’ll need to sign up for an account if you haven’t already. Visit www.captainbiz.com and follow the registration process. Once you’ve created your account, log in to access the dashboard.
Step 2: Add your business information.
The first thing you’ll want to do after logging in is add your business information. This includes your business name, address, contact details, and GST registration number. Providing accurate and up-to-date information is crucial for generating GST-compliant bills.
Step 3: Create a new invoice.
You can create a new invoice now that your business and customer information is set up. Click on “Invoices” in the dashboard and select “Create Invoice”. Fill in the invoice details, including:
Invoice number: You can use CaptainBiz automatic numbering system or manually enter an invoice number.
Invoice date: The date when the invoice is issued.
Due date: The date by which the payment is expected.
Billing and shipping addresses: Select the customer you want to bill, and CaptainBiz will automatically fill in the address details.
Description of products or services: Add a clear and concise description of the items or services you’re billing for.
Quantity, rate, and total amount: Specify the quantity of each item, its rate, and CaptainBiz will calculate the total amount for you.
GST details: Select each item’s appropriate GST rate (CGST, SGST, IGST). CaptainBiz will automatically calculate the GST amount for you.
Step 4: Preview and send.
Once you’ve filled in all the necessary information, take a moment to review the invoice for accuracy. CaptainBiz provides a preview feature that lets you see how the invoice will look after you download it. If everything looks good, you can save it as a draft and send it directly via
Read more: E invoicing FAQs
Step 5: GST compliance
One of CaptainBiz standout features is its built-in GST compliance. The software ensures that your invoices meet all the necessary GST requirements. This includes generating invoices with GSTIN and HSN/SAC codes, calculating GST amounts accurately, and providing reverse charge mechanisms for B2B transactions.
Step 6: Record payments
Once your customer makes a payment, you can easily record it. Navigate to the “Payments” section and click on “Record Payment”. Select the invoice you’ve received, enter the payment details, and save. CaptainBiz will update your accounts accordingly.
Many small business owners struggle with understanding how to make GST bills correctly, but with the help of accounting software, the process becomes much more manageable. CaptainBiz simplifies the process by providing a user-friendly interface and powerful features that help you make a bill online accurately and efficiently. By following the steps outlined in this guide, you can simplify your invoicing process, reduce errors, and ensure compliance with GST regulations. Give CaptainBiz a try and experience the convenience of hassle-free GST billing for your business.