GSP – GST Suvidha Provider

FUNCTIONS OF GSP –

·       It will provide functionality to taxpayer to reconcile sales & purchase invoices and upload the reconciled invoices on GST Network (GSTN).

·       Consolidated view of all the clients.

·       Get updates on their taxpayers from GST system.

·       Error free Record keeping - Highlighting errors on a real time basis.

·       Action oriented reports for every user.

·       Proving MIS as may be desired by the user at any point of time.

Every tax payer requires a gateway of GSP to interact with GSTN for return filing.

ELIGIBILITY CRITERIA - 

Companies registered in India in the Information Technology, Information Technology Enabled Services, Banking, Financial Services and Insurance sector are eligible for a GSP license.

All GST Suvidha Provider applicants must meet strict eligibility criteria. GSP applicants meeting the eligibility will be required to sign a contract with GSTN to become an authorised GSP. On signing the contract, the GST Suvidha Provider is allocated an unique license key for accessing the GST system.

The following are the various criteria’s to be followed –           

FINANCIAL STRENGTH –

·        Paid up / Raised capital of at least Rs. 2 crores and

·        Average turnover of at least 5 Crores during last 3 financial years (2014-15, 2015-16, 2016-17

·     For FY 2016-17, unaudited results, duly authenticated by the Company Secretary only, to be followed up by the audited and signed balance sheets.

DEMONSTRATION OF CAPABILITIES -

·        Invoice upload by tax payers

·        GST Return #1 and #2 preparation and filing

·        Reconciliation of downloaded GSTR2 with Purchase Register

·        Multiple GSTIN Ids mapped to a single user account

·        Multiple roles mapped to single GSTIN

·        E-sign / DSC integration for signing of returns

·        UI / UX

·        Mobile interface

·        Alert generation to tax payers

·        Security design

·        Technical Capability of GSP (Handling Large Load, Experience in handling large application, Managing Sizable Application Infrastructure, Experience in developing complex application etc.)

TECHNICAL CAPABILITIES -

·        Backend infrastructure, such as servers, databases etc., required specifically for the purpose of GSP work shall be based in the territory of India, and

·        IT Infrastructure owned or outsourced to carry out minimum of 1 Lakh GST transaction per month, and

·        Data Privacy policy to protect beneficiary privacy, and

·        Data security measures as per the IT Act.

RECOGNISED GSP’S –

In the first round of allotment of license, following thirty-four companies have been provided with GSP license.