What Is Asp (application Service Provider), And Its Role In Gst? What Is The Business Model Of Asp?

By Author: Mohit Yadev
Total Articles: 74
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ASPs will focus on taking taxpayers’ raw data on sales and purchases and converting it into the GST returns. These GST returns, or GSTRs, will then be filed on behalf of the filer with GSTN via the GSP.
ASPs will act as a link between the taxpayers and the GSPs. The GSTN client ID and GSTN client secret for ASP will be generated by GSP from the portal, which will be provided by GSTN. It’s a kind of sub-license generation.
Services provided by GSPs and ASPs
GSPs acting as ASPs are expected to enable taxpayers to comply with the provisions of GST law through their web platform. These application service providers should provide taxpayers and other stakeholders with innovative and convenient methods of interacting with the GST Systems, from registration, to uploading invoice details, to filing returns.
ASPs can come up with an application to provide GST filing utility in existing software, or, with the help of ASP partners, they can develop an end-to-end solution with which corporates, consultants, and taxpayers can manage their sale/purchase and GST filing: e.g., an offline utility-like spreadsheet; ...
... taxpayers could fill out their invoice details and then upload it on the GST portal for processing.
Similarly, for tax consultants (TC), ASPs can provide a dashboard that displays a list of all his/her clients. Clicking on a client would give the TC a snapshot of the client’s actions/ pending actions.