About ASP

ASP is an acronym of Application Service Provider. Taxpayer or users can file their GST taxes with the support of ASP partners or existing software. ASPs can develop an end- to-end solution for corporates, consultants, and taxpayers. Through ASPs, the taxpayer and consultants can manage the sale or purchase of goods and services and GST filing.

ASPs will focus on taking taxpayers’ raw data on sales and purchases and converting it into the GST returns (in case of multiple registrations, it is a huge task manually).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.

A large number of companies have an options to file return via Application Service Provider (ASP). In ASP, organizations or businesses must have to share the detailed data of sales and purchase of Goods and Services to the ASP. After then ASP providers will prepare the GST Returns and file the returns through GSP (GST Suvidha Provider).

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    In nutshell, ASP-GSP will do following activities:

  1. Invoice data upload (B2B and large value B2C).
  3. Upload GSTR-1 (return containing supply data) which will be created based on invoice data and some other data provided by the taxpayer.
  5. Download data on inward supplies (receipts or purchase) in the form of Draft GSTR-2 from GST Portal created by the Portal based on GSTR-1 filed by corresponding suppliers.
  7. Do matching of purchases made and that downloaded from GST portal. Finalize the same based on his own purchase (inward supply data) and upload GSTR-2.
  9. File GSTR-3 created by GST Portal based on GSTR-1 and 2 and other info and tax paid.
  11. Meet other applicable compliance.

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