What is GST Suvidha provider GSP?

What is GST Suvidha provider GSP?

GSP refers to GST Suvidha Provider, defined as an exclusive entity authorized to enable a platform for businesses, accounting professionals, and taxpayers to access GST portal services. It helps taxpayers to comply with the GST laws through GST Software applications and APIs.

Is GST Suvidha fake?

Yes, GST Suvidha Kendra® is a genuine franchise business provider company, you can directly call them for verification. It is approved by GSPs.

Who can become GST Suvidha provider?

Registered companies in India in the IT / ITES / BFSI domain. The prospective applicant for GSP will need to meet a pre-qualification criteria for GSPs. GSPs who meet the pre-qualification criteria will sign a contract with GSTN to become an authorised GSP.

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What is GST Suvidha provider?

GST Suvidha Provider (GSP) is considered as an enabler or authorised intermediary for businesses to access GST portal services. It helps comply with the provisions of GST law through their GST Software applications and APIs, just like ClearTax!

Is GST Suvidha Kendra profitable business?

It means, you will earn 6000 Rupees in first month because you had only 15 clients but after 1 year, every month you will have 180 clients & you can earn more than 72000 Rs/month by filing GST Returns.

How can I earn GST Suvidha Kendra?

Now, the following table shows, how much you can earn from GST Returns filing : It means, you will earn 6000 Rupees in first month because you had only 15 clients but after 1 year, every month you will have 180 clients & you can earn more than 72000 Rs/month by filing GST Returns.

Can a CA Open GST Suvidha Kendra?

ClearTax launches ‘GST Suvidha Kendra’ initiative; to establish 5,000 centers. ClearTax is currently recruiting chartered accountants (CA) and tax professionals to be a part of these Suvidha Kendras, and aims to have 5,000 GST Suvidha Kendra facilities up and running across India by the end of 2017.

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How do you get GST on GSP?

GSP License: Batch 1 – Eligibility Criteria

  1. Invoice upload by taxpayers.
  2. GST Return #1 and #2 preparation and filing.
  3. Reconciliation of downloaded GSTR2 with Purchase Register.
  4. Multiple GSTIN Ids mapped to a single user account.
  5. Multiple roles mapped to single GSTIN.
  6. E-sign / DSC integration for the signing of returns.

What is a GST Suvidha provider (GSP)?

GSP or GST Suvidha Provider are special entities authorized by GSTN to develop a platform to enable the taxpayer to be GST compliant. APIs are the ones that enable all GST system functionalities such as Registration, Return filing, Payment of taxes, Invoice uploads.

How will the third party applications connect with the GST system?

The third party applications will connect with the GST system via secure GST System APIs. All such applications are expected to be developed by third party service providers who have been given a generic name – GST Suvidha Providers or GSP. Compliance solutions right from invoicing to filing returns to e-invoicing, are just a click away.

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How the GSP can help the taxpayers in GST compliance?

In short, the GSP can help the taxpayers in GST compliance through their innovative solutions. The tax payer’s convenience will be a key in the success of the GST regime. The tax payer should have a choice to use third party applications which can provide varied interfaces on desktops, laptops and mobiles and can connect with GST System.

What are the GST services provided by ASPs?

In addition to GST services, ASPs also provide other value-added financial services in their application, such as income tax filing, audits, business accounting, payment gateway, business registration, digital signatures, e-way bills, utility payments, etc.