Hi Guys! We are regularly bringing you updates on GST and other related information like the companies that will make you tax payment very easy. One more thing to get updated about GST is that a portal named GSTN [Goods and Services Tax Network] has also been developed as all the details will be updated on the portal. To provide service and support to the customers and to make GST easier to use for the businesses, GSTN has selected 34 companies as GSP [GST Suvidha Providers].
The GSTN initially announced 48 companies to be GSPs but after evaluations on various grounds, only 34 companies fulfilled the criteria that were set for being a GST Suvidha Provider out of more than 200 companies that had filed their applications.
In the initial phase, 48 GSPs were selected for serving the purpose but then the final number came out to be 34. These 48 GSPs underwent a phase where they had to go through a test in which they were to prove their technical capabilities and expertise with a demonstration of a model show casing the functioning as a GSP.
Few companies that have been selected as GST Suvidha Providers are Deloitte, Tata Consultancy Services, Tally Solutions, Karvy Data Management Services Limited, Cygnet Infotech Private Ltd., Ernst & Young LLP, Touche Tohmatsu India LLP and the others. For the total list of all the 34 GSPs, visit the official GSTN website.
These selected companies signed an agreement with GSTN and have come up with user interface providing GST related compliant services. The GSTN has not given the GST Suvidha Providers any target to achieve but they can develop their own user interfaces and serve the customers.
Almost every company has launched their user interface that would help out their customers in this new tax regime. This is a time when different Application Service Providers [ASPs] are trying hard to strike the best deal with the GST Suvidha Providers to provide cheaper and best service to their clients.
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