With the implementation of the Goods and Services Tax, the Indian Government is making efforts to make compliance easier for taxpayers. One such initiative is the running of GST Suvidha Kendra. It is a centre which helps taxpayers with GST-related concerns and other preliminary issues. From GST registrations to resolving issues and filing returns, it plays a vital role in simplifying GST for taxpayers.

In this blog, we will discuss what GST Suvidha Kendra or centres are, the eligibility criteria to run such a centre, its importance and many other important aspects.

What Is GST-Goods and Services Tax?

Goods and Services Tax (GST) is a type of indirect tax which applies to the supply of goods and services. It is a destination-based tax that is multi-staged, where tax is applicable at every stage of value-addition in the supply chain. It subsumes multiple indirect taxes like excise duty, VAT and service tax under one head. GST aims to create a single taxation law for the entire nation.

What Is GST Suvidha Kendra?

GST Suvidha Kendra is a platform which helps taxpayers, businesses and small and medium enterprises, whose turnover exceeds ₹20 lakh, with GST issues. GST Suvidha Kendra helps them to file GST returns at the correct time and at reasonable prices by professionals in the country.

These platforms are established by GST Suvidha Providers (GSPs) or entities that are GSTN-approved. GST Suvidha Kendra acts as an intermediary or facilitator between taxpayers and the GST Network.

Why Is GSK Needed?

Some of the primary functions of GST Suvidha Kendra are:

• GST Registration: Helps businesses to be registered under GST
• GST Payments: Assists taxpayers with GST payments
• Query Solution: Addresses and resolves GST-related queries
• Filing of GST Return: Ensures GST payers file returns not only on time but also accurately

How GST Suvidha Kendra Works? 

GST Suvidha Kendra operates under the umbrella of GST Suvidha Providers (GSPs), which are entities authorised by the GST Network (GSTN) to develop platforms for tax compliance.

The GST System will have a G2B portal which will make the GST systems accessible to taxpayers. However, the taxpayer can also interact through third-party applications which will be accessible via desktop, mobile, etc. GST Suvidha Providers will develop these applications.

GSPs provide assistance to taxpayers on matters pertaining to GST, like filing returns, uploading details of invoices, etc. Therefore, the first interaction will be between the GSP and the taxpayer and the next one will be between the GST System and GSP.

Why Is GST Suvidha Kendra the Biggest Earning Opportunity in India?

Let us understand why GST Suvidha Kendra is the biggest earning opportunity in India.

Assuming a replacement GST Suvidha Kendra has 10 clients and is earning an amount of X from each of them in the first month. Considering GST returns are filed on a month to month basis, you have the opportunity to earn the same income per month from each of the clients. Therefore, the first month’s earnings amount to 10X. In the second month, you get 10 more clients, which makes it 20 clients. Your earnings are now 20X.

If the number of maximum clients increases this way and the number reaches 120 clients in a year, you will have the potential to earn 120X per month.

Who Can Open a GST Suvidha Kendra?

The requirements that you need to meet to open a GST Suvidha Kendra are:

• Expertise and Skills: To open a GSK, the operator should have basic accounting and computer skills. Although no prior experience of business is required to open a GSK, you must know about GST.
• Training: You should go through proper training to run a GSK successfully. A GST Service Provider will provide technical support to you and help you understand better.
• Skills of Staff: Two persons are necessary to successfully run a GSK. Computer and accounting services are necessary for both of them.
• Area: To open a GST Suvidha Kendra, the area should be of minimum 100 square feet. Additionally, the area must be a prime location so that it is easily accessible to everyone. It is recommended to start a GSK office on the ground floor of a building so that it is visible to the public. For further convenience, the area should have a comfortable office space for customers.
• Areas of Operations: There are certain places or areas where there is no GSK. So, it is important that you first research the existence of a GSK in your desired area. GST Service Providers will allow you to run a GSK only if no other GSK exists in that place.

Once all the eligibility criteria are met, you can take a franchise through certifications and online forms. If you wish to purchase a franchise, you would need to pay a franchise cost of ₹25,000 + 18% GST to the company with documents.

What Is the GSK Registration Process?

Follow the step by step process below to learn about the GST Suvidha Hub Registration Process:

• Step 1: To apply for opening a GSK franchise, tap on the ‘Apply Now’ button on the official page after filling in the necessary information.
• Step 2: Make sure to review the accuracy of the details you have entered in the application form.
• Step 3: Upon completion, select the ‘Final Submit’ button.
• Step 4: The officials will verify your information and issue you a slot as per your preference and availability.
• Step 5: Upon acceptance of your applicability, they will send you a registration confirmation. You can use this as proof of your registration with GST Suvidha Kendra.

What Is GSP (GST Suvidha Provider)?

GSP or GST Suvidha Provider is an entity that has the right to make GSP portal services accessible to businesses, taxpayers and accounting professionals through a platform. API’s and Software for GST Apps, in turn, make compliance with the GST regulations easier for taxpayers.

Benefits of GST Suvidha Kendra

Some benefits of GST Suvidha Kendra are:

• Ease of Compliance: GSK provides support throughout the process of compliance. Suvidha Kendra reduces the burden on small businesses and seasonal business by centralisation of activities. This in turn ensures accuracy which helps to save time and effort.
• Economical: Small businesses can save money by assigning their responsibilities of GST compliance to GST Suvidha Centres instead of professionals. GSKs are known to charge fair and reasonable charges for their services.
• Time-Saving: Small businesses can assign their compliance and administrative responsibilities, including paperwork to GST Suvidha Centres. Businesses can utilise this time in the growth and development of the firm.
• Support and Guidance: The staff at these centres are skilled with the proper knowledge and guide small businesses and common people by simplifying legal terms. In addition, they set up forums where they address and resolve any GST-related issues raised by small businesses.

Services Provided by a GST Suvidha Centre

Here is a list of services that a GST Suvidha Centre provides:

1. Governmental Services: A GST Suvidha Center provides various GST-related services which are issued by the Government. These centres also assist taxpayers with the simplification of digital services. For instance, services like Digital India services, e-court, Aadhaar court, etc
2. Financial Services: A GST Suvidha Kendra provides a range of services like GST return filing, income tax return and audit, accounting and DSC, Udyog Aadhaar, CA certification, etc.
3. Preliminary Services: GST Suvidha Kendra also provides preliminary services. These services are credit card and prepaid card services, fight and train ticket booking, etc.

Conclusion

Now that you are aware of what is GST Suvidha Kendra, you can take guidance from them. They will help reduce the burden of compliance by addressing and resolving GST-related issues. These centres also enhance the efficiency of the Goods and Services Tax system and promote a taxpayer-friendly environment.

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