GST Suvidha Kendra is one stop gateway which will help SME small and medium entrepreneurs, shopkeepers, individual with turnover above 20 lakhs to file their GST returns on time at a much lower fees charged by tax professional in India.
If you do not know much about GST, please Read Here.
For easy understanding, let’s understand with an example of an entrepreneur Mr. Ajay Gupta. Ajay wants to start a small business without any knowledge of various legal documents required. He asked for his friends’ opinion and was he was referred to a Tax Consultant who helped him out with a company registration process.
In this whole process, Ajay has to deal with so many things: GST or GSTIN, TAN, PAN, DSC, DIN etc. He had to spend lots of time and energy behind this lengthy process. He had to pay different fees for the same document as he dealt with several people engaged.
Even Ajay was not sure about certain things related to GST but he did not get help until he ended up paying GST Registration and Monthly GST Returns. As a result, he filed it with lesser accuracy. this is common picture in India nowadays. Right?
Ajay has not started business properly and he has to deal with compliances which is a regulation but in this whole process if Ajay could have found a Single Economic Service Facilitation Centre which could help him out from start to end in a timely manner, he could have saved lots of money and a lot of time, which is more precious.
Many of us may have faced the same inconvenience/problems which Ajay faced, right? whether it is GST returns or income tax return, the things are not so easy for us.
Starting your own venture is not an easy task. You need a lot of guts, courage an d strength to quit your well paid job and start your own business from the scratch. You needs to be commited, determined and confident towards his/her goals. You need to convince yourself that there is an immense need of this product/Services in the market and you are the best person to build it.
Any individual who is an Indian citizen can start GST Suvidha Kendra & help other business
GST Suvidha Kendra is the GST Facilitation centre appointed and approved by GSPs. Any Indian citizen can start GSK to serve the businesses of any size. GSK will work towards their GST compliance needs in a cost-effective manner. Seasonal Businessmen and Casual Taxpayers can also get advantages of these centres and comply with GST very easily.
GSK will help the Indian government to simplify process and remove hurdles and harassment faced by individuals, small and medium size business and traders while filing good and service tax (GST) returns. This efficient and effective concept of GST Suvidha centres is on massive expansion as a franchise model.
These centres has potential to be the drivers to India’s biggest tax reform an unprecedented success, It’s low-cost model promise to reduce the cost and burden of filing GST returns and hence cover the large part of in u registered business units.
Current scenario of India depicts that a small businessman is totally confused with GST Registration, GST Returns, EWAY bill & all other GST compliances.At the same time it s not affordable to them to hire a high valued services of professional tax consultant like CAs as its its not everybody’s cup of tea. So either, they do not apply for GST Registration because of lack of knowledge or search for economic solutions.
The government website (GSTN) crashes many a time when it comes to returning filing due to heavy load and there are lots of validation which may swipe your page out even if you do everything correctly. The fixed cost of tech savvy computers and variable cost of employees with requisite skills are also causes of a big resistance to GST’s adequate execution. GST Suvidha Kendra eliminates this by reducing costs, providing big relief to small business with lower boundary point for GST registration, that is above Rs.20 lakhs. Every taxpayer now have the option of GST Suvidha Kendra near him/her at very nominal rates.,
The GST system has G2B portal for taxpayers to access the GST system but it runs through third party application provider that is GSP that eventually is connects to the GST server.