'Capacity building will be a challenge for implementation of GST'

Veera Venkata Satyanarayana Ganti, GSP Head, Bodhtree Consulting

It is expected that the GSPs shall provide the tax payers with all services mentioned in the GSTN system in addition to returns we are maintaining their individual business ledgers (sales ledger and purchase ledger) and other value added services around the same. Another important service expected from GSPs is the automatic reconciliation of purchase made and entered in the purchase register and data downloaded in the form of GSTR-2 from the GST portal. In additional there will be sector-specific or trade specific needs which the GSPs are expected to fulfill.

Bodhtree’s GSP solution is built with the best of breed, open source technologies to enable secure, robust and fast communication. The solution provides secure communication, scalability, monitoring of activities, logs as required by law, utility APIs and up-to-date solution.

Tests are quite successful and based on the test results the GSPs are enhancing the required applications and infrastructure. Training and capacity building pose as a major challenge as GSPs in pan-India implementation of GST in the country from July 1, 2017.

Training and capacity building are two very important aspects for the success of this project. We have started the training process and now it will be on going as this is the backbone of the entire success of the project.

So far we have not come to conclusion of the market size whereas capacity building and required infrastructure (construction of a super highway) is important for the success of the project hence, capacity building is the biggest challenge.