New Delhi, 14 June (KNN) To facilitate Small and Medium Enterprises (SMEs), the Chennai based Zoho enterprise has come out with a GST compliant software ‘Zoho Books’. The software is available for free to small and medium enterprises (SMEs) with annual turnover of less than Rs 1.5 crore.

The Chennai-based enterprise software maker said that eligible businesses will be given free access to the software when they sign up through the GST portal.

Earlier this year, the GST Council invited accounting software businesses to offer their software for free, in an effort to support SMEs. Zoho was one of the companies shortlisted for this initiative.

Through this effort, Zoho Books will help SMEs manage their accounting and taxes, and stay compliant with GST norms.

Zoho Books is auto updated with GST laws which supports direct filing for GSTR-1, GSTR 3B and GSTR 9. Through some clicks, business of goods moving within or outside of state can generate e-way bills.

It includes several features like, getting live stock prices from BSE and NSE and latest NAV, calculation of tax through Income tax calculator, portfolio of mutual funds, know market’s top gainers of market, top losers and best equity funds.

Business can automate repetitive workflows to save time and effort. Zoho Books works in conjunction with more than 40 Zoho apps, overcoming departmental silos.

CEO of Zoho Corp, Sridhar Vembu said, “We want to help the SME companies to get advantage of cutting edge technology in improving their business and automate their GST and other compliance needs’’. (KNN/VS)