Goods and Services Tax – GST – By: – Mr. M. GOVINDARAJAN – Dated:- 16-6-2017 Last Replied Date:- 17-6-2017 – GST system The GST system consists of all stakeholders starting from taxpayer to tax professional to tax officials to GST portal to Banks to accounting authorities. GST System will provide a GST portal for taxpayers to access the GST System and do all the GST compliance activities. The system may 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 etc., various kinds of dashboards to view Matched/Mismatched ITC claims, Tax liability, Filing status etc., The system will also provide Tax payer options of using third party applications, which can provide different kind of interfaces on desktop/mobile for them to be GST compliant. Such parties are as GST Suvidha Providers ( GSP for short). The term Suvidha is a Hindi word. GSP is the service provider who will ma
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stop for GST related services. They can customize products that address the needs of different segment of users. The GSPs are free to charge the tax payers depending on the services they offer to their clients. Benefits available to tax payers Some of the benefits accrue to the tax payers using the services of GSP are highlighted below- Conversion of their current invoice format generated by their existing accounting software, which could be in csv, pdf, excel, word format, into GST compliant format; Reconciliation of auto populated data from GST portal with their purchase register data, where purchase register data can be on excel, csv or in any proprietary database and uploaded data from GST format could be in json/csv; Organization having various branches will need a way to upload branch wise invoices, as GST System will only provide one user-id/password for GST system access. An application having role based access and different view for different branches will be needed. A compan
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u India LLP; Ernst & Young LLP; Excellon Software Private Limited; Gofrugal Technologies Private Limited; Hazel Mercantile Limited; IRIS Business Services Limited; Karvy Data Management Services Limited; Mastek Limited; Masters India Private Limited; Motherson Sumi Infotech & Designs Limited; NSDL e-governance Infrastructure Limited; Ramco Systems Limited; Reliance Corporate IT Park Limited; Seshaasai Business Forms Private Limited; Shalibhadra Finance Limited; SISL Infotech Private Limited; Skill Lotto Solutions Private Limited; Spice Digital Limited; Sugal & Damani Utility Services Private Limited; Tally Solutions Private Limited; TATA Consultancy Services Limited; TAXMANN Publications Private Limited; Tera Software Limited; Trust Systems & Software (I) Private Limited; Vayana Private Limited; Velocis Systems Private Limited; Vertex Customer Management India Private Limited; WeP Solutions Limited. They are expected to help large businesses with complex and varied inte
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imers as GSTN may require from time to time. The GSP Application should be free from any Third Party IPR breach. The GSP shall ensure that GSP Application is connected to GST System in a continuous asynchronous mode whenever the GSP has to provide any kind of Services to the Taxpayer The GSP shall bear all costs in relation to provision of all the Services and obligations it may have under this Agreement, including but limited to, establishment/deployment/development of hardware, infrastructure, applications etc. During the Term of this Agreement and thereafter, the GSP acknowledges that it shall abstain itself from any such activity/es which is/are intended to or would reasonably be expected to or lead to unwanted, unfavorable or adverse publicity against GSTN, through any medium/publication whatsoever, which may cause harm (directly or indirectly) to GSTN or its reputation. The GSP shall not use Taxpayers Data for any purpose other than the purpose permitted by the Taxpayer and shall
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