Do Taxpayers mandatorily need services of GSP or ASP under GST? For the convenience of taxpayers, GSTN has come-up with an Offline Tool where data on invoices (business to business), exports, supplies to consumers etc., which are required to create GSTR-1 (Outward Supply Return), can be entered in an excel sheet in offline mode (without… Read More »
200 Applications on GSTN Table Goods and Services Tax Network (GSTN), the agency in charge of building the technological infrastructure for the implementation of GST, has received over 200 applications from IT and fintech companies who seek to become GST Suvidha Providers, but there are very few startups among them. The GST Suvidha Provider (GSP)… Read More »
GST SUVIDHA PROVIDERS (GSP): ILLUSTRATED FRAMEWORK (BUILDING OF GSP ECO SYSTEM) Background The Goods and Services Tax constitutional amendment having been promulgated by the Govt of India, the rollout of the GST Bill will be a collective effort of the Central and State Governments, the tax payers and the IT platform provider i.e. GSTN, CBEC… Read More »
GST Suvidha Providers – FAQ’s Q:1 Need for having GST Suvidha Providers? The GST System is going to have a G2B portal for taxpayers to access the GST Systems, however, that would not be the only way for interacting with the GST system. GST system architecture is an API based platform and therefore taxpayer via… Read More »