The GST environ in India is administered by the Goods and Services Network (GSTN), a public-private partnership, which is the whole sole IT module and the backbone of the of GST framework. To strengthen and smoothen the interaction between GSTN and the tax payers, the GST Council has identified and approved (under stringent guidelines) 34 organizations in India, termed as GSPs (GST Suvidha Providers).

A GSP basically provides a third party application which acts as a bridge and synchronizes with the tax payer’s existing financial controlling systems (ERP, Accounting Softwares etc.) and the GSTN, thereby easing the process for organizations, to deal with GST.GSPs are equipped with secure GST APIs (Application Program Interface), which actually act as a connector while the third party GST software provides unique and convenient ways from GST registration to GST Return Filing.

Go4GST is one of the biggest, rapidly growing and the most favored GSP.

ASPs (Application Service Providers) are third-party entities like GSPs which facilitate the overall GST process for a taxpayer – from registration to returns. These GST returns will then be filed on behalf of the filer with GSTN via the GSPs. ASPs are basically a link between the taxpayer and the GSP to provide GST Return Filing. All the GSPs can act as ASPs but an ASP cannot be a GSP.

Go4GST is one of the biggest, rapidly growing and the most preferred GSP + ASP.

The government has used technology in an unprecedented manner to facilitate taxation of the country.

GST regime necessitates a high level of synchronization between tax payer’s system, i.e.an ERP, an accounting or an invoicing software, and the GST system, which without automation would be a difficult task.

Go4GST by Velocis Systems acts as a bridge between the taxpayer and the Government. A taxpayer can use Go4GST's GST Returns & Reconciliation module for creating GST compliant invoices, uploading and reconciling their sales and purchase data, filing GST returns, and maintaining overall GST compliance.

E-Invoicing is a new invoicing system introduced in the GST regime. This system does not generate invoices from a central portal of the tax department, but it only specifies the invoice schema and standard so that the e-invoices generated can be read and operated by all accounting/billing software and businesses uniformly. Businesses will have to create B2B invoices on their internal systems – whether ERP or any other accounting/billing system and get the invoice authenticated electronically by the Government.

EWay Bill is an Electronic Way bill for movement of goods to be generated on the eWay Bill Portal.

A GST registered person cannot transport goods in a vehicle whose value exceeds Rs. 50,000 (Single Invoice/ bill/ delivery challan) without an e-way bill that is generated on ewaybillgst.gov.in.