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GSTInvoice

Comparisons

Wave vs GSTInvoice 2026 — Both Free, But Wave Has No GST Support

Wave is a Canadian free accounting and invoicing tool popular globally. GSTInvoices is a free Indian GST invoice generator. Both are free — but they handle Indian GST very differently. Here is what you need to know before choosing.

By Arjun Sharma · GST & Tax Compliance Specialist Reviewed for GST accuracy
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What you get: GST-compliant PDF Shareable invoice link UPI QR on invoice GSTIN validation

Wave vs GSTInvoices — India GST Focus

Feature Wave GSTInvoices
Price Free (core features) Free
Indian GST (CGST/SGST) Manual configuration Auto-calculated
IGST (inter-state) Manual Auto-switched
HSN / SAC codes No native support Yes
Accounting (P&L, Balance Sheet) Yes No
INR currency Yes (manual) Default

Wave Limitations for Indian GST Compliance

Wave was designed for North American markets. For Indian businesses, the major limitation is GST handling: Wave has no concept of CGST/SGST vs IGST, no HSN/SAC code fields, and no understanding of intra-state vs inter-state billing rules. GSTInvoices handles all these automatically — enter a buyer GSTIN, it detects the state and auto-switches between CGST+SGST and IGST.

Skip the manual work

Auto CGST/SGST/IGST — Free

Instead of manually formatting invoices in Excel, generate GST-compliant invoices instantly — automatic CGST, SGST & IGST calculation, PDF download, and shareable link.

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FAQs

Is Wave accounting available in India?

Wave is available globally including India. However, its features are optimized for North America — Indian bank integrations are limited and GST support requires manual configuration.

Can Wave create GST-compliant invoices?

With manual tax setup, Wave can create invoices showing GST. But it cannot auto-calculate CGST/SGST vs IGST based on state, and does not include HSN/SAC codes natively.

Which free tool is better for India — Wave or GSTInvoices?

GSTInvoices for Indian GST compliance. Wave if you also need free accounting (P&L, balance sheet). For invoice creation specifically, GSTInvoices is purpose-built for India.

Does Wave support GST return filing?

No. Wave does not integrate with the Indian GST portal. You would still need to file GSTR-1, GSTR-3B separately.

Why Businesses Stop Using Excel for GST Invoices

Manual GST calculation mistakes

One wrong CGST/SGST split or a misapplied rate triggers notices and ITC denial for your buyer.

Slow invoice creation

Copying last month's Excel file, updating dates, recalculating — 20 minutes for what should take 30 seconds.

Formatting breaks on every device

Excel invoices look different on every printer and PDF converter. Clients complain about unreadable layouts.

No easy sharing or payment link

Sending PDFs over WhatsApp with no way for clients to pay directly slows down collections.

Incorrect tax type (IGST vs CGST+SGST)

Excel can't auto-detect intra vs inter-state supply. Wrong tax type = ITC rejected for your buyer.

Generate GST Invoice Automatically
Disclaimer: The information in this article is for general informational purposes only and does not constitute professional tax, legal, or financial advice. GST rules and rates are subject to change. Consult a qualified CA or tax professional before making compliance decisions.

Create GST Invoice Free Now

Create professional GST invoices instantly — no Excel, no manual calculations.

  • Automatic CGST/SGST/IGST calculation from GSTIN
  • PDF download in under 30 seconds
  • Shareable invoice link — clients pay via UPI QR
  • No signup required — free forever
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