Instabill simplified GST Compliances for MSMEs - The India Saga



Instabill simplified GST Compliances for MSMEs

Established in 2018, Instabill is innovative software designed to simplify daily accounting tasks for businesses. As the complication of GST (Goods…

Instabill simplified GST Compliances for MSMEs

Established in 2018, Instabill is innovative software designed to simplify daily accounting tasks for businesses. As the complication of GST (Goods and Services Tax) increased day by day, there was a growing demand for high-quality software to help businesses simplify and  comply with GST requirements. CA Pulkit Gupta, founder of Instabill, understood this pain area of every day entrepreneur and launched Instabill in 2018. Instabill now has over 60,000 users and is continuously expanding its user base by offering new updates that allow businesses to easily create GST Invoices, Quotation, Purchase Order, Delivery Challan, Record Purchases and Expenses and much more.

Instabill, a fintech company headquartered in Noida, offers a range of user-friendly accounting automation features to empower businesses. These features include ICICI connected banking, automatic invoice generation, sending auto-reminders to customers for payment collection, payment gateway integration, and AI enabled automated recording of purchases and expenses.

Instabill’s new tools aim to simplify the often cumbersome invoicing process by offering one-click e-invoicing and e-waybill generation. The platform also includes a convenient feature for automatically scheduling payment reminders, streamlining the customer payment process. Additionally, Instabill offers a robust payment gateway and UPI integration for efficient online payment collection.

With the incorporation of artificial intelligence (AI), Instabill introduces an innovative way to manage expenses and purchases through a simple photo capture process. It further aids businesses by automating the reconciliation of GST Input Tax Credit from GSTR-2A reports and capturing purchase and expense data from GSTR-2B reports, simplifying tax compliance.

Instabill’s new suite of business tools marks a significant leap forward in simplifying everyday business accounting and invoicing operations. With a strong focus on user-friendliness, Instabill web and mobile based apps enable businesses to streamline invoicing, payment collection, banking and GST compliance effortlessly. By incorporating artificial intelligence, Instabill simplifies expense recording and automates GST ITC reconciliation, ensuring businesses stay on top of their financial & tax compliances.

The Instabill Founder, CA Pulkit Gupta says,

Instabill application extends to inventory management and offers a selection of useful business reports, including sales, profit/loss, GSTR-1, and GSTR-3B reports. Industry-specific invoice templates cater to businesses in sectors such as manufacturing, hospitality, food, and education, making it a versatile solution for a wide range of industries.

Accessible as both a mobile app and a web application, Instabill encourages collaboration and teamwork among users, enhancing overall operational efficiency.

In addition to its software capabilities, Instabill provides support for Micro, Small, and Medium Enterprises (MSMEs) in opening ICICI current bank accounts tailored to their specific requirements. The platform also simplifies the process of applying for a paperless Instant loan, offering valuable assistance to MSMEs in managing their finances.

Instabill’s suite of tools is poised to have a significant impact on business efficiency, offering a user-friendly solution to a variety of operational challenges. Whether it’s simplifying invoicing, automating payment reminders, or streamlining tax compliance, Instabill provides a comprehensive and accessible solution for businesses.

The process of using Instabill is hereby illustrated:

  1. Anyone can easily sign up visiting or download Instabill app from play store.
  2. Create a business profile by adding the necessary details in the profile section.
  3. And start creating Invoices, Quotations, collect & send payments, and automated accounting with just one click.

Instabill provides call and webinar support also. Assisting how to use Instabill for daily use and demonstrate all features. Instabill also allows users to create tickets in case of any difficulty faced using software. The Instabill support team committed to resolve the ticket within 24 hours.

Instabill is best for Freelancers, Startups, MSMEs Enterprises who cannot afford a full time experienced accountant at the initial stage and can’t compromise with tax compliance penalties too. Instabill automation features are designed to help business owners so that they utilise less time in accounting & compliances and focus more in core business operations. Furthermore, with the access of Instabill, the higher authorities in management can understand valuable reports on various metrics that assist in better decision making.