{"id":34255,"date":"2021-08-11T14:52:04","date_gmt":"2021-08-11T09:22:04","guid":{"rendered":"https:\/\/corpbiz.io\/learning\/?p=34255"},"modified":"2024-12-17T18:18:19","modified_gmt":"2024-12-17T12:48:19","slug":"gst-suvidha-provider","status":"publish","type":"post","link":"https:\/\/corpbiz.io\/learning\/gst-suvidha-provider\/","title":{"rendered":"GST Suvidha Provider: Everything You Need to Know"},"content":{"rendered":"\n<p class=\"has-drop-cap\">GST Suvidha Provider (GSP) is deemed as an authorised intermediary\nor an enabler for business entities to access the GST portal. It helps comply\nwith the norms of GST law via their&nbsp;APIs* and software applications.&nbsp;<\/p>\n\n\n\n<p>API*: API is an abbreviated term for the term&nbsp;Application Programming Interface, which refers to a software intermediary that enables two applications to sync with each other. Each time user uses an app like Instagram, share a photo, or check a follower\u2018s feed, you are using an API.&nbsp;<\/p>\n\n\n\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_82_2 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title ez-toc-toggle\" style=\"cursor:pointer\">Page Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 eztoc-toggle-hide-by-default' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/corpbiz.io\/learning\/gst-suvidha-provider\/#What_is_the_role_of_GST_Suvidha_Provider\" >What is the role of GST Suvidha Provider?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/corpbiz.io\/learning\/gst-suvidha-provider\/#Understanding_Applicability_of_GST_Suvidha_Provider_via_Example\" >Understanding Applicability of GST Suvidha Provider via Example<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/corpbiz.io\/learning\/gst-suvidha-provider\/#GSP_%E2%80%93_A_Brainchild_of_GST_Network\" >GSP \u2013 A Brainchild of GST Network<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/corpbiz.io\/learning\/gst-suvidha-provider\/#Three_modes_of_Interaction_with_Goods_and_Services_Tax_Portal\" >Three modes of Interaction with Goods and Services Tax\nPortal<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/corpbiz.io\/learning\/gst-suvidha-provider\/#Areas_addressed_by_GST_Suvidha_Providers\" >Areas addressed by GST Suvidha Providers<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/corpbiz.io\/learning\/gst-suvidha-provider\/#Pros_of_operating_as_GST_Suvidha_Provider\" >Pros of operating as GST Suvidha Provider<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/corpbiz.io\/learning\/gst-suvidha-provider\/#Conclusion\" >Conclusion<\/a><\/li><\/ul><\/nav><\/div>\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"What_is_the_role_of_GST_Suvidha_Provider\"><\/span>What is the role of GST Suvidha Provider?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>GSP, aka GST Suvidha Provider, enables a taxpayer to align with all procedural norms of the GST law via its web portal. A GST Suvidha Provider provides end-users with unique methods to access <a href=\"https:\/\/corpbiz.io\/gst-registration\" title=\"GST Registration in India\"><strong>Goods and services tax<\/strong><\/a> portal services, from invoicing and registration. Simply put, GSP refers to an ecosystem of service providers developed by the GSTN to render unique solutions either themselves or via its partners for making tax filing seamless and convenient to taxpayers.<\/p>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter\"><img decoding=\"async\" width=\"998\" height=\"482\" src=\"https:\/\/corpbiz.io\/learning\/wp-content\/uploads\/2021\/08\/role-of-GST-Suvidha-Provider.png\" alt=\"role of GST Suvidha Provider\" class=\"wp-image-34260\" srcset=\"https:\/\/corpbiz.io\/learning\/wp-content\/uploads\/2021\/08\/role-of-GST-Suvidha-Provider.png 998w, https:\/\/corpbiz.io\/learning\/wp-content\/uploads\/2021\/08\/role-of-GST-Suvidha-Provider-300x145.png 300w, https:\/\/corpbiz.io\/learning\/wp-content\/uploads\/2021\/08\/role-of-GST-Suvidha-Provider-768x371.png 768w\" sizes=\"(max-width: 998px) 100vw, 998px\" \/><\/figure><\/div>\n\n\n<p class=\"text-left\"><b>Read our article<\/b>:<mark style=\"background: #fffd03 !important\"><a href=\"https:\/\/corpbiz.io\/learning\/apply-for-gst-registration-certificate-online\/\">How to apply for GST registration certificate online?\n <\/a><\/mark><\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Understanding_Applicability_of_GST_Suvidha_Provider_via_Example\"><\/span>Understanding Applicability of GST Suvidha Provider via Example<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>Suppose there is a company, namely XYZ Ltd., the company has a\nglobal footprint and is running its operation on SAP ERP. The entire data\npertaining to sales and purchases are spared and managed in it.<\/p>\n\n\n\n<p>At the end of every month, reports are delivered by ERP and used to\nprepare tax returns.<\/p>\n\n\n\n<p>So, returns are uploaded electronically on the Government\u2019s web portal. The Indian Government is not intending for a single, automated workflow wherein these entities can build an interface with such a portal &amp; all the GST-based compliance can be done via their software. GSP has vast applicability, and it is not only available to ERP companies.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"GSP_%E2%80%93_A_Brainchild_of_GST_Network\"><\/span>GSP \u2013 A Brainchild of GST Network<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>GST Suvidha Provider is a term originated from GSTN (Goods and\nService Tax Network), the private entity without government backing that owns\n&amp; administers the GST web portal.<\/p>\n\n\n\n<p>It is a part of the \u2018Digital India\u2019 initiative that encourages\npaperless tax compliance that ensures reliability &amp; transparency in\nperforming business activities across India.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Three_modes_of_Interaction_with_Goods_and_Services_Tax_Portal\"><\/span>Three modes of Interaction with Goods and Services Tax\nPortal<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<h3 class=\"wp-block-heading\">Filing directly on the GST web portal<\/h3>\n\n\n\n<ul>\n<li>A GST taxpayer will generally access the GST portal to avail of different services such as refund application, registration, <strong><a href=\"https:\/\/corpbiz.io\/gst-return-filing\" title=\"GST Return Filing\">GST return filing<\/a><\/strong>, &amp; other similar compliances. But, for services like GST return filing, a taxpayer may encounter some technical issues while filing the return.<\/li>\n\n\n\n<li>Therefore, they may struggle to\ncollate purchase &amp; sales data from the accounting software or ERP system in\nthe required GSTN format.<\/li>\n\n\n\n<li>A lot of manual efforts may be\nrequired for preparing the GST returns. Therefore, a GST Suvidha Provider is an\nindirect medium to get seamless access to the GST portal.<\/li>\n<\/ul>\n\n\n\n<p>Indirect implies, there are two types of intermediaries between the\nGST web portal and taxpayer. They are as follows:<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">Application Service Provider who is not a GST Suvidha Provider<\/h3>\n\n\n\n<p>These entities facilitate productive third-party applications for GST compliance. In terms of accessibility, they are quite versatile and can be used on desktop, mobile, or any other interface. <\/p>\n\n\n\n<p class=\"has-text-align-left\">Such an application developer can effectively coordinate with the GST portal via a protective GST system APIs (aka, Application Programming Interface) accessed via GST Suvidha Providers.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">ASP, who is also a GSP<\/h3>\n\n\n\n<p>A government-backed application service provider is a trustable\nmedium of completing GST compliances. They facilitate the application &amp; are\nalso capable of facilitating an intuitive platform to access the GST portal.\nSuch an ASP who is also rendering a service of GSP can connect with the GST web\nportal &amp; helps avert; any third-party dependency, thereby escalating the\nspeed of data processing. Also, an ASP that can coordinate with multiple GSPs\nwill ensure better uptime availability &amp; scalability for the user.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Areas_addressed_by_GST_Suvidha_Providers\"><\/span>Areas addressed by GST Suvidha Providers<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<ul>\n<li>Upload invoice data (Business 2\nBusiness &amp; large value B2C).<\/li>\n\n\n\n<li>Upload GSTR-1 (return enclosing\nsupply data), which will be prepared on the basis of invoice data &amp; some\nother date facilitated by the GST taxpayers.<\/li>\n\n\n\n<li>GSTR-2A download &amp;\nreconciliation with data related to purchases accounted on ERP.<\/li>\n\n\n\n<li>File GSTR-3B and availability\nof purchase data and GSTR-2A information<\/li>\n\n\n\n<li>Similarly, there are other\nreturns for the casual taxpayer or composition taxpayers.<\/li>\n<\/ul>\n\n\n\n<p>Till Nov 2019, the <strong><em>government<\/em><\/strong><sup><a href=\"https:\/\/en.wikipedia.org\/wiki\/Government\"><strong><em>[1]<\/em><\/strong><\/a><\/sup> has completed the three rounds of licensing. In the first round of license\u2019s allotment, 34 registered entities managed to acquire GSP licenses. In the subsequent round, around 40+ companies were granted GSP status. In the final round, ten companies have been provided with GSP status.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Pros_of_operating_as_GST_Suvidha_Provider\"><\/span>Pros of operating as GST Suvidha Provider<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<ul>\n<li>Enables end-to-end integration\nwith accounting software or ERP system that ensures seamless fetching of data<\/li>\n\n\n\n<li>Better &amp; swift performance\nas compared to any other ASP not being GSP.<\/li>\n\n\n\n<li>The seamless integration with\nGSTN ensures uninterrupted data flow between the application &amp; the GST\nportal, averting any third-party dependency.<\/li>\n\n\n\n<li>A single login enables\nuninterrupted access to different locations.<\/li>\n\n\n\n<li>Improved security ensured 100%\nadherence to all security standards.<\/li>\n<\/ul>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Conclusion\"><\/span>Conclusion<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>Every GST taxpayer is required to comply with GST compliances to pay taxes &amp; file returns at set intervals. To abide by the provisions of GST law, the taxpayers are mandated to file the return, apply for GST registration, generate challans, uploads legit invoices, etc., on the GST web portal. It\u2019s a tedious affair for taxpayers to upload invoices on a monthly basis on the GST web portal. But, courtesy to GST Suvidha Provider (GSP), which has mitigated these obstacles by automating the key services.<\/p>\n\n\n\n<p class=\"text-left\"><b>Read our article<\/b>:<mark style=\"background: #fffd03 !important\"><a href=\"https:\/\/corpbiz.io\/learning\/new-gst-registration-in-just-few-steps\/\">Get Your New GST Registration in Just Few Steps <\/a><\/mark><\/p>\n","protected":false},"excerpt":{"rendered":"<p>GST Suvidha Provider (GSP) is deemed as an authorised intermediary or an enabler for business entities to access the GST portal. It helps comply with the norms of GST law via their&nbsp;APIs* and software applications.&nbsp; API*: API is an abbreviated term for the term&nbsp;Application Programming Interface, which refers to a software intermediary that enables two [&hellip;]<\/p>\n","protected":false},"author":22,"featured_media":34270,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[16],"tags":[1910],"acf":{"service_id":"96"},"authorName":"Pankaj Tyagi","authorImageUrl":"https:\/\/corpbiz.io\/learning\/wp-content\/uploads\/2022\/01\/MicrosoftTeams-image-42.jpg","authorDescription":"Pankaj has a diverse experience of writing research papers, blog, and articles during his college time. Earlier, he was working as a tax consultant in a financial firm, but his interest in writing drives him to pursue a career in the writing field.","postViews":7356,"readingTime":4,"_links":{"self":[{"href":"https:\/\/corpbiz.io\/learning\/wp-json\/wp\/v2\/posts\/34255"}],"collection":[{"href":"https:\/\/corpbiz.io\/learning\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/corpbiz.io\/learning\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/corpbiz.io\/learning\/wp-json\/wp\/v2\/users\/22"}],"replies":[{"embeddable":true,"href":"https:\/\/corpbiz.io\/learning\/wp-json\/wp\/v2\/comments?post=34255"}],"version-history":[{"count":28,"href":"https:\/\/corpbiz.io\/learning\/wp-json\/wp\/v2\/posts\/34255\/revisions"}],"predecessor-version":[{"id":67923,"href":"https:\/\/corpbiz.io\/learning\/wp-json\/wp\/v2\/posts\/34255\/revisions\/67923"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/corpbiz.io\/learning\/wp-json\/wp\/v2\/media\/34270"}],"wp:attachment":[{"href":"https:\/\/corpbiz.io\/learning\/wp-json\/wp\/v2\/media?parent=34255"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/corpbiz.io\/learning\/wp-json\/wp\/v2\/categories?post=34255"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/corpbiz.io\/learning\/wp-json\/wp\/v2\/tags?post=34255"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}