Spice Digital signs with GSTN to become a GST Suvidha Provider (GSP)
Spice Digital Limited has become one of the GST Suvidha Providers (GSPs) and soon to provide comprehensive tax related services to taxpayers. After signing the agreement, Spice Digital will now offer seamless integration to ASPs, Corporates, MSME, TRPs with the GSTN network to enable the businesses to be compliant with the Goods and Services Tax (GST).
GSTN, the company that is tasked with building the world's biggest and most complex tax framework, has selected Spice Digital to be the GST Suvidha Providers (GSP). As the GST constitutional amendment having been promulgated by the Govt of India, the much awaited GST Bill will play a very important and strategic role. Being able to provide impeccable fintech services, SDL has got expertise to manage companies who pay big revenue taxes.
Mr. Saket Agarwal, Global CEO- Spice Digital Limited states,"Our comprehensive solution will provide various tax payers - SMEs, large enterprise, small vendor, a seamless and smooth connectivity for filing taxes.We have signed the agreement, and are authorized to deliver innovative tax services,which will allow taxpayers to easily file reconciliation with speed and accuracy, convert their purchase/sales register data in a GST compliant format, integrate their Accounting Packages/ERP with GST System and do much more."
The new GST regime and the GSP ecosystem ensures its success by putting in place an open, transparent and participative framework for capable and motivated enterprises and entrepreneurs.
The other important service expected from GSPs would be reconciliation of transactions reported on GST Network. Spice Digital will bring to its partners & clients other Value Added Services like Accounting, Credit / Loan availability. The taxpayers under the GST regime that the government intends to roll out from 1 July will have to provide invoice data as well as the filing of return.