What is GST Suvidha Kendra?


GST Suvidha Kendra

Goods and Services Tax is India’s most significant indirect tax reform. The Government of India introduced this proactive decision under Narendra Modi on July 1st, 2017. 

What is GST?

The Goods and services tax is an indirect tax levied on the supply of various goods and services. Implementation of this law helps to call back the hidden taxes. Additionally, for every GST taxpayer having his or her GST Return Filing made mandatory continue reading…

What is GSP?

GSP stands for GST Suvidha Provider. A GSP permits a GST taxpayer to comply with all the GST law’s procedural provisions through its web platform. ClearTax, an online tax filing platform, has been given the status of GSP.
A GSP provides innovative techniques or means of an active, interactive platform for taxpayers to access GST portal assistance ranging from registration and invoicing to completion of GST return filing.

What is GST Suvidha Kendra?

GST Suvidha Kendra is the GST abetment center appointed and maintained by GSPs. Any Indian citizen can start GSK to serve businesses of any size. GSK will work towards their GST compliance needs cost-effectively.
Seasonal Businessmen and Casual Taxpayers can also get advantages of these centers and comply with GST very easily.

Why is GSP Services needed?

As data transfer occurs between the taxpayer and the GSTN system, the GSP deals in an exceedingly high level of data synchronization. Thus, the application providers serve all the process needs, such as registration, filing of returns under GST, uploading the details of invoices, etc.

Eligibility Criteria for GST Service Provider License?

1-The company must be registered under banking.
2-The company must be registered under Insurance Services.
3-The company must be registered under I.T.
4-The company must have I.T.-enabled services.

Areas addressed by GST Suvidha Kendra?

1-All types of GST Return Filing 
2-GST Consultation
3-ITR Filing and Auditing
4-Digital Signature Certificate (DSC)
5-Accounting and Book-Keeping
6-Investment facility in Gold & Silver
7-Legal Services
8-Likewise, there are other returns for other categories of taxpayers like random taxpayers or composition taxpayers.

What is GST?   

The Goods and services tax is an indirect tax levied on the supply of various goods and services. Implementation of this law helps to call back the hidden taxes. Additionally, for every GST taxpayer having his or her GST Return Filing made mandatory.

GST Suvidha Kendra is the GST abetment center appointed and maintained by GSPs. Any Indian citizen can start GSK to serve businesses of any size. GSK will work towards their GST compliance needs cost-effectively.

Seasonal Businessmen and Casual Taxpayers can also get advantages of these centers and comply with GST very easily.

GSK will help the Indian government simplify the process and remove hurdles and harassment faced by individuals, small and medium-sized businesses, and traders while filing good and service tax (GST) returns.

This efficient and practical concept of GST Suvidha centers is on massive expansion as a franchise model.

GSP – The Brainchild of Goods and Services Tax Network

GSP is the abbreviation of Goods and Services Provider or can also be called as GST Suvidha Provider. A GSP permits a GST taxpayer to comply with all the GST law’s procedural prerequisites through its web platform. 

The term GSP was coined by the GSTN (Goods and Service Tax Network), the private non-government entity that owns and directs the GST portal. It is in-line with the ‘Digital India‘ drive that advocates a paperless tax compliance regime that enables transparency and business reliability across India.

Eligibility Criteria for GST Service Provider License:

To be eligible for the license as a GST Service Provider, a company must fulfill the following criteria:

  • The company must be registered under banking.
  • The company must be registered under Insurance Services.
  • The company must be registered under I.T.
  • The company must have I.T.-enabled services.

On fulfilling the above requirements, a contract will be instituted between the company and the GSTN. A license key will be generated After the establishment of the agreement. This license passkey has access to GST data.

Application Process

GST suvidha kendra

Three Forms of Interaction With GST portal

  •  GST taxpayers will generally access the website now for availing several services offered on the website, such as registration, refund application, GST return filing, and other similar GST compliances. However, for GST return filing services, a taxpayer may not be technically provided to file online. Hence, they may find it challenging to collate sales and purchase data from his ERP or the Enterprise resource planning system or accounting software in the required GSTN format. A lot of manual works may go into planning the GST returns. Hence, a GST Suvidha Provider is an indirect means yet an easy platform to access the GST portal saving time and efforts.

 There are two types of mediators between the taxpayer and the GST portal. They are as follows:

  • Application Service Provider is not a GSP: These entities provide the necessary third-party applications for Goods and Services Tax agreement. They have user interfaces via various modes such as mobile, desktop, or other taxpayers’ interfaces, just like any other Application Service Provider (ASP). Such an application developer can connect with the GST gateway via a reliable GST system Application Programming Interface (APIs) accessed with GST Suvidha Providers’ help.

ASP, a GSP: A government-approved application service provider, is the most reliable mode of completing GST compliance. They provide the application and are also authorized to provide an interactive platform to access the GST portal. Such an ASP who is also a GST Suvidha Provider can connect seamlessly with the GST portal and avoid; any third-party dependency, thereby increasing processing data speed. Also, an ASP with access to multiple GSPs will ensure higher uptime availability and scalability for the user.

GST Kendra also provides services like:

GST suvidha kendra
  • Upload invoice data.
  • Upload GSTR-1 will be created based on invoice data and some other data provided by the taxpayer.
  • GSTR-2A download and reconciliation with purchase data accounted on ERP.
  • File GSTR-3B based on the GSTR-1 filed, purchase data on record, and GSTR-2A information available.

Eligibility requirements to open GST Kendra

GST suvidha kendra

  • Any citizen with a valid With Valid Photo ID Card can start a GST Suvidha Kendra.
  •  Graduates are preferred, but primary education must understand the basics of the services we will sell.
  •  Operator/Owner should have basic knowledge of Accounting.
  •  Should be able to work on computers & Internet. Document upload/ download, working with email, etc.
  • The owner should have a commercial space of at least 100 sq. ft near 4 km from the business hub.
  •  The owner should have the necessary I.T. Infrastructure (2 Computers, 1 Printer/Scanner, 2 Mbps Broadband connection) other than furniture and basic amenities in his commercial space.
  •  The owner can be an individual(with a commercial license) or a company/firm.
  •  Owner with prior experience in running a business or sales is preferred.
  • Young Entrepreneur, Highly Motivated, Job Seekers, Already in Job & Part-timers, Retired people, Housewives can initiate GST Suvidha Kendra.

Advantages of starting a GST Suvidha Kendra

GST Suvidha Kendra operator will have numerous benefits such as
  • First and foremost, Self-reliant and greater control over the employees. You can be your boss and can manage your time of work. Flexible working hours will help them to maintain a work-life balance.
  •  More than a sum of rupees 50,000 can be earned through GST Suvidha Kendra’s services, depending upon the efforts.
  • Additional services can also be enabled like Company Registration.
  • GST Registration, Auditing, Trademark, ITR Filing, Accounting, Legal Services, etc.

Starting GST Suvidha Kendra is a risk-free, zero investment, and ongoing increasing income for GSK. You can do it entirely/part-time, not 10 to 8 pm Business or 9 to 5 pm Job. So be a Suvidha Kendra operator and start making money online with less investment.

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