Tag: GST Suvidha Provider

GST Software
Updated on February 20th, 2019 in GST

GST Suvidha Provider (GSP) Overview

GST Suvidha Provider (GSP) was first introduced and established by Goods and Service Tax Network (GSTN) to help the taxpayer to comply with the GST provisions. GSTN is a private company where the stake of the State governments is 24.5% and the Central government is 24.5% that makes 49% stakes collectively. The motive behind the…

Updated on February 18th, 2019 in GST

All You Need to Know About GST Suvidha Kendra

The Goods and Services Tax (GST) was launched as a technological catalyst to economic development. However, due to lack of knowledge, most of India’s population couldn’t quite get the hang of it, due to which a lot of confusion and doubt still exists in the minds of the people. The government recognized this disarray and…

Updated on February 18th, 2019 in GST

What is a GST Suvidha Provider and Application Service Provider under GST Regime?

The launch of GST on the 1st of July 2017 not only brought to the forefront the collaborative efforts of central and state governments, central and state tax departments, banks, taxpayers, tax consultants, but the role of a public-private partnership in the form of an accessible IT platform as well, popularly known as Goods and…

Updated on February 16th, 2019 in GST

Input Tax Credit

The term “Input Tax Credit” assumes significant importance in the arena of indirect taxation. Let us zero in on our analysis on this topic under GST regime. “Input tax” means the GST Taxes (CGST, SGST, IGST) charged on any supply of goods or services or both made to a registered person in the course or furtherance of his business and includes such tax payable on reverse charge basis— but excludes tax paid under composition levy.

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