GST Suvidha Provider (GSP) – An Overview

GST Suvidha Provider (GSP) – An Overview

GST Suvidha Provider (GSP) is considered as an enabler for businesses to comply with the provisions of GST law through their GST Software.

GSP  – A Brainchild of Goods and Services Tax Network : 

GSP as a term has been tossed by GSTN (Goods and Service Tax Network) which is a private company in which central and state government collectively holds 49.5% stake. GSTN has been set up with the sole objective of the development and maintenance of IT infrastructure for Goods and Services Tax implementation in India. This is in-line with the Digital India initiative for a paperless tax compliance regime and brings more ease in doing business.

Who is a GSP?

GSP stands for GST Suvidha Provider. A GSP is considered as an enabler for the taxpayer to comply with the provisions of the GST law through its web platform (essentially an online compliance platform such as Dhanvijay And Associates ).

Our government is now aiming for single and automated workflow wherein these ERP companies can build an interface with the government’s portal and all the GST related compliance can be done directly through their software.

GSP need not be only ERP companies but can be startups or technology companies having expertise in building web applications

In the first round of allotment of a license, thirty-four companies have been provided with a GSP license. A complete list of these GSPs are provided here.


Comments

Popular posts from this blog

Income tax Due Date Extended by www.dhanvijay.com

GST Filling Date Extended