Role of GSP and ASPs in New Taxation Regimen

GST, being the most effective tax regimen needs supportive tools an IT platform to keep on running smoothly without any errors. To make GST more effective, accurate and manageable, Government need GSPs (GST Suvidha Provider) and ASPs (Application Service Provider). They not only help to manage the mammoth data but also help people in GST registrations, uploading of invoices, tax filing, payments and claiming returns and ITC (Input Tax Returns). They are known as the two main components of GSTN which act as a center platform to hold the vast…

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