Goods and Services Tax (GST), one of the most significant tax reforms introduced in the history of Indian fiscal evolution, paving way for uniform tax rates, reduction in cascading effect, increased transparency and higher compliances by way of automation. The proposed GST will subsume most of the existing Central and state taxes. GST would have implications on almost all aspects of business. GST is set to revolutionize the way India does business, by creating a more integrated and homogenous nation wide marketplace.
GST Suvidha Provider (GSP) and application service providers (ASP) will play a vital role in helping taxpayers in IT infrastructure for GST. ASPs will focus more on end-to-end solution via GSPs. GSPs will act as a platform for all the ASPs for data processing requirements, invoice generation, invoice uploading, return filing, accounts maintenance, consultancy, etc. on GSTN Portal.
GST LOOKS complex. Even CHALLENGING. Taxes, calculations, logistics, reconciliation, integration issues with legacy accounting, building new IT system. If you are bogged down with multiple advice, contradictory inputs, puzzling plans and expensive solutions... pick up your mobile and place a call or write to us for instant solution.
Velocis is one of the designated GST Suvidha Provider ordained by GSTN. Being an IT Solution and Service Provider for 21 years, Velocis has the total capability to complete complex, critical and time-constrained IT and Business application projects. We present “Go4GST Suite” providing a range of comprehensive and convenient GST Solutions to file your GST returns online. Go4GST will act as an integration network between the taxpayers and the GST Network.
It offers a platform providing innovative and convenient means for taxpayers and other stakeholders to interact with the GSTN Systems, for registration of entity to uploading of invoice details, reconciliation and filing of returns. Enabling and empowering the two different sets of interactions, one between the App user and the GSP and the second between the GSP and the GSTN System.
Taxpayers can interface with GSTN System via Go4GST product and services provided by way of applications interface and GSTN connect. The “Go4GST Filing Services Platform” will be securely connected with the GSTN system through an MPLS connect and will get all the API’s of GSTN extended to the ASPs and Enterprises for them to interact with GSTN and perform task as required/mandated for being GST compliant.
GST ecosystem, defines the taxpayers into the following categories:
The first category users will need a third party to help them upload invoice data, return etc. generated from their accounting software. The other categories would be able to consume the APIs but need them in enriched form, and the GST access will be required in a secure, user friendly manner.