Goods and repair Tax Network are entitled to act as a nodal agency for fulfilling all the IT backbone infrastructure requirement of GST. The GSTN Portal like GSP is going to be at the front-end of the GST – IT ecosystem for all the taxpayers across the state. To enable much-awaited Goods and repair Tax, GSTN invited application for becoming GST Suvidha Provider (GSP) under GSTN. Total of 344 applications received by GSTN. And out of which only 34 applications selected which incorporates EY, Deloitte, TCS and Masters India etc.

For several tax-paying companies, GST returns filing immediately through G2B portal might not be a really good option, due to complex fabrication and should not have any attached value-added services. For determining such complexities an enterprise could access same/supplementary features via third-party applications. These applications are growing to be very user-friendly and customer-focused, they’re going to instantly connect with the GST file system via secure API’s of GST System, which are made with GST Suvidha Providers. Developers of such tax solutions are given generic names: GST Suvidha Provider (GSP) and Application Service Providers (ASPs).

GSPs and ASPs thus will have a significant role in operating out GST in India. A GSP could also be limited to providing access to the G2B portal. Whereas support provided by ASPs will extend much further and can address compliance difficulties of the most taxpayer, by acting as a link between taxpayers across India and therefore the GSPs.

ASPs will mainly specialise in getting taxpayers’ data on purchases and sales and converting them into the GST returns. This GST returns, or GSTRs will then be registered on behalf of the filer with GSTN via the GSP.

It is assumed that the GSPs shall perform the taxpayers with all services mentioned above additionally to maintaining their individual business ledgers (sales ledger and buy ledger) and other value-added services round the same.