Awaken
Awaken is a specialized tax automation platform designed to help web3 companies and digital asset holders accurately calculate, track, and report their cryptocurrency taxes with high-precision cost basis tracking.
Gen GST
Gen GST is a comprehensive compliance software providing automated return filing, e-invoicing, and e-way bill generation to help Indian businesses and tax professionals manage GST obligations accurately.
Quick Comparison
| Feature | Awaken | Gen GST |
|---|---|---|
| Website | awaken.tax | saginfotech.com |
| Pricing Model | Freemium | Subscription |
| Starting Price | Free | $??/month |
| FREE Trial | ✘ No free trial | ✓ 10 days free trial |
| Free Plan | ✓ Has free plan | ✘ No free plan |
| Product Demo | ✘ No product demo | ✓ Request demo here |
| Deployment | ||
| Integrations | ||
| Target Users | ||
| Target Industries | ||
| Customer Count | 0 | 0 |
| Founded Year | 2021 | 1999 |
| Headquarters | San Francisco, USA | Jaipur, India |
Overview
Awaken
Awaken is a dedicated crypto tax platform built to handle the complexities of web3 transactions, including DeFi, NFTs, and liquidity provisioning. You can connect your wallets and exchanges to automatically pull in transaction history, which the software then categorizes to identify taxable events. It focuses on high-accuracy data, ensuring your cost basis is calculated correctly across thousands of different tokens and protocols.
You can generate IRS-ready tax forms, such as Form 8949, or export your data directly into popular accounting tools. The platform is designed for both individual investors and professional accountants who need to manage multiple client portfolios. By automating the heavy lifting of data normalization, you save hours of manual spreadsheet work while reducing the risk of overpaying on your capital gains taxes.
Gen GST
Gen GST is a dedicated compliance solution designed to simplify the complexities of the Indian Goods and Services Tax system. You can manage your entire tax workflow from a single interface, whether you are a small business owner, a large corporation, or a tax professional managing multiple clients. The platform automates the data entry process by importing information directly from your accounting software, reducing manual errors and saving you hours of administrative work.
You can generate e-invoices, create e-way bills, and file various GST returns like GSTR-1, 3B, and 9/9C with built-in validation tools that check for discrepancies before submission. The software is available in both desktop and cloud versions, allowing you to choose the deployment that best fits your security requirements and office setup. It serves as a bridge between your business data and the GST portal, ensuring you remain compliant with the latest government regulations.
Overview
Awaken Features
- Automated Wallet Sync Connect your hardware wallets and exchange accounts to automatically import every transaction without manual data entry.
- DeFi & NFT Support Track complex on-chain activities like staking, minting, and liquidity pools across multiple blockchains and protocols.
- Tax Form Generation Generate ready-to-file IRS Form 8949 and Schedule D reports that you can hand straight to your accountant.
- Cost Basis Tracking Apply advanced accounting methods like FIFO or HIFO to optimize your tax liability and track your performance.
- Error Detection Identify missing prices or duplicate transactions automatically so your final tax reports remain accurate and audit-ready.
- Portfolio Analytics Monitor your real-time holdings and unrealized gains across all your connected platforms in a single unified dashboard.
Gen GST Features
- Automated Return Filing. File your GSTR-1, 3B, and annual returns directly to the government portal with automated data validation and error checking.
- E-Invoicing Solution. Generate IRN and QR codes for your invoices instantly through a direct integration with the IRP portal.
- E-Way Bill Generation. Create, cancel, and reject e-way bills in bulk or individually without needing to log into multiple government websites.
- ITC Reconciliation. Match your purchase register with GSTR-2A and 2B data to ensure you claim every bit of eligible input tax credit.
- Direct Data Import. Import your sales and purchase data seamlessly from Excel, Tally, or other accounting software to eliminate manual typing.
- Client Management. Manage multiple GSTINs and client profiles from a centralized dashboard, making it perfect for tax consultants and CAs.
Pricing Comparison
Awaken Pricing
- Up to 25 transactions
- Unlimited wallet sync
- Portfolio tracking
- Tax preview
- DeFi & NFT support
- Everything in Free, plus:
- Up to 150 transactions
- Downloadable tax reports
- IRS Form 8949
- TurboTax export
- Priority email support
Gen GST Pricing
- Local data storage
- Unlimited return filing
- E-way bill module
- E-invoice module
- Import/Export from Excel
- Yearly renewal options
- Everything in Desktop, plus:
- Access from any location
- Automatic software updates
- Multi-user support
- Secure cloud backups
- Mobile app compatibility
Pros & Cons
Awaken
Pros
- Excellent support for complex DeFi and NFT transactions
- Clean and modern interface is easy to navigate
- High accuracy in cost basis and price data
- Free tier allows for full portfolio tracking
Cons
- Pricing can scale quickly for high-frequency traders
- Fewer exchange integrations than some older competitors
- Limited mobile app functionality compared to desktop
Gen GST
Pros
- Fast data synchronization with the GST portal
- Excellent bulk data importing capabilities from Excel
- Reliable customer support for technical tax queries
- Comprehensive reconciliation tools for input tax credit
- Frequent updates matching latest government notifications
Cons
- Interface feels dated compared to modern SaaS
- Desktop version requires manual backup management
- Initial setup can be complex for beginners