· Taxmann will have desktop software and mobile app to deliver its GSP services
· Taxmann to provide taxpayers with wide range of facilities to the taxpayers
May 24, 2017: Taxmann.com, the leading publisher of tax and corporate laws in India has been recognised as the GST Suvidha Provider (GSP) by the Government of India. Goods and Service Tax (GST), one of the biggest tax reform in Indian fiscal history, will be the amalgamation of indirect tax in one ambit.
The rollout of GST is expected to be scheduled for July 1. It is expected that around 10 million taxpayers will be covered under this new indirect tax regime. Therefore, to ensure smooth management of such a huge tax base, Government has introduced a unique concept of Goods and Service Tax Suvidha Provider (GSPs) and Taxmann has been selected for this purpose.
The software and mobile app built by Taxmann will provide taxpayers with wide range of facilities including, easier returns, payments, ledger maintenance, mobile app, consolidated view of client details, cloud as well as offline solutions.
GSPs are appointed to provide innovative and convenient methods to Tax Payers and other stakeholders. They have been selected by the IT platform provider –GSTN. GSTN is a non-Government not for profit Company wherein the Government of India holds 24.5% equity in GSTN and all States including NCT of Delhi and Puducherry, and the Empowered committee of State Finance Ministers (EC) together hold another 24.5% equity and balance 51% equity is with non-Government Financial Institutions. GSTN has been setup to provide IT infrastructure & services to the Central Govt., State Governments, Tax Payers & other Stake holders for its implementation.
About Taxmann
Taxmann is one of the leading publishers of Tax and Corporate Laws in India. Besides publishing books, it maintains the most accurate and largest online database on Direct-taxes (Domestic as well as International Taxation), Corporate Laws, GST, Indirect-taxes, Accounts & Audit and Indian Acts & Rules.
Taxmann group is a conglomerate of several divisions which work independently to look after the editorial research & development, technology enhancements, printing, publishing, sales and marketing activities.
Taxmann's editorial and research & development team comprises of highly motivated group of over 200 associates from legal community which includes advocates, lawyers, chartered accountants and company secretaries who monitor all the developments in the judicial, administrative and legislative fields and process the information with impeccable perfection and skill.
Founded in 1960 by Mr. U.K. Bhargava, the company was established with an objective to ‘spearhead the pursuit of expertise and authenticity’ in field of law.