The Government of India have a vision to transform India into a digitally empowered society and knowledge economy. With such a vision the GOI have implemented the GST. The rollout of the GST Act is a collective effort of the Central and State Governments, the taxpayers and the IT platform provider i.e. GSTN. Besides these participants, there are multiple other stakeholders e.g. financial services providing companies like ERP companies and Tax Accounting Software Providers and GST Suvidha Provider (GSP) such as Quicko.
Who is GST Suvidha Provider (GSP)?
GSPs have access to GST System and have the capability to develop applications to be used by taxpayers for interacting with the GSTN. A GSP enables a GST taxpayer to comply with all the procedural provisions of the GST law through its web platform.
Taxpayer in order to interact with the GST eco system can use GSP for interactive and easy to use software. The GSP developed apps connect with the GST system via secure GST system APIs.
The tax payer have a choice to use these applications which can provide varied interfaces on desktops, laptops and mobiles and connect with GST System.
GST Suvidha Provider (GSP) Eco-system
In the GST System there are a wide variety of tax payers:
- Small and medium-sized enterprises
- Large Enterprise
- Small retail Vendor
- Individual Taxpayer, etc
who require different kind of facilities like converting their purchase/sales register data in GST compliant format, integration of their Accounting Packages/ERP with GST System.
GSP help the taxpayers in GST compliance.
The GSP Software ecosystem consists of Web Portal, Software Apps, Accounting & ERP software, etc., developed by the GSP.
Advantage Of Using GSP
- Automated upload and download of data.
- Ability to adapt to changing taxation and other business rules and end user usage models.
- A unified interface across PCs, mobiles, and tablets.
- Agility to change algorithm with the frequently changing taxes and corporate law regulations.
- Ability to integrate with software used by taxpayer businesses such as accounting systems and ERP.
List of GSPs in India
The selection process for applicants of GST Suvidha Providers (GSP) have been concluded in the four batches so far. List of GSP’s enlisted by GSTN.
FAQs
The GSTN has onboarded 56 GSPs after evaluating their Information Technology and financial ability.
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