[email protected] +91-120-6025102
Submit

Avail Best discounts

Please fill in the form below and we will contact you within 24 hours.

What are the Eligibility Rules to Become a GSP?

The GSP license will be issued to organizations that are registered in India under any of the following sectors like the Information Technology, or the Information Technology Enabled Services, Banking, Financial institutions & services and the Insurance industry. The GST applicants must sign up in an obligatory contract with the GSTN to become an authorized (GSP) GST suvidha provider. However, there is no restriction or conditions regarding the experience.

Initially, in the first batch, the financial strength requirement was paid-up or raised capital of at least Rs.5 crores with an average turnover of at least Rs. 10 crores in the past 3 financial years. This is now revised to a paid up /raised capital of at least Rs.2 crores and an average turnover of Rs. 5 crores in the past three financial years. Unaudited reports for the financial year 2016-17 must be authenticated by the company secretary.

All the backend infrastructure like databases, servers that are being used for GST work must be based within the territory of India. The IT infrastructure should be capable of handling a minimum of 1 lakh GST transactions per month. They should comply with all the provisions of Data Privacy Policy and Data Security acts as laid by the IT Act.

Was this answer helpful? #0 #0
 

Did We Miss Out on Something?

Relax, we have you covered. At Go4hosting, we go the extra mile to keep our customers satisfied. We are always looking out for opportunities to offer our customers “extra” with every service. Contact our technical helpdesk and we’d be more than happy to assist you with your Cloud hosting, Colocation Server, VPS hosting, dedicated Server or reseller hosting setup. Get in touch with us and we’d cover all your hosting needs, however bizarre they might be.

Resource Library

What is Cloud Computing

Understand the term cloud computing, the ongoing trend, its playing field, future growth and how industry...

Myths about Cloud Computing

Cloud computing, in the recent years, has become a subject of significant discussion among the industry experts.

Download Now

Did We Miss Out on Something?

Relax, we have you covered. At Go4hosting, we go the extra mile to keep our customers satisfied. We are always looking out for opportunities to offer our customers “extra” with every service. Contact our technical helpdesk and we’d be more than happy to assist you with your Cloud hosting, Colocation Server, VPS hosting, dedicated Server or reseller hosting setup. Get in touch with us and we’d cover all your hosting needs, however bizarre they might be.

Submit Query

Please fill in the form below and we will contact you within 24 hours.