To facilitate enterprises and individuals file GST and make it a success, the government has introduced third-party service providers named them GST Suvidha Providers (GSPs). Karvy Data Management Services Limited is one such GSP that was chosen in the first lot of 30 approved firms by the government.

GSPs provide innovative and convenient methods of tax compliance services to taxpayers and other stakeholders while interacting with the GST System. This includes services such as basic registration, all the way up to uploading the invoice details and filing returns.

Karvy Data Management Services Limited, GST division, offers services that help in actualising the goals set forth for GSPs. It offers multiple services tailor-made to suit the needs of clients for smoother and improved GST compliance.

  • Simplyfile ASP for seamless GST Return Filing
  • Outsourced GST Compliance Solution
  • E- way bill portal registration
  • GST Gap Analysis
  • Vendor Management Solution – In ASP as well as through Call Centre
  • GSP Services for ASP connectivity
  • Litigation and advisory support
  • Reconciliation as a Service (RaaS)
  • GST Registration and Surrender services
  • Training and consultancy Services
  • E- way bill generation and management
  • GST Annual Audit and Return Assistance

Karvy has developed a special application software, Karvy Simplyfile, to pull data seamlessly from existing ERP/Accounting software or even a simple excel file and save it to GSTN Portal. The software also has multiple other features like informative dashboards and reports, single login multi GSTIN operations and integration with ERPs. This is supported by on-call/chat and mail support to resolve any queries.

Further, an innovative first-of-its-kind vendor management service allowed Karvy to penetrate deep into the market and establish strategic tie-ups and partnerships. Vendor management services were especially important for large clients, who were spread all over the country and required expertise in quickly identifying and closing unreconciled invoices by interacting with their suppliers.

Karvy also offers complete GST compliance solution to take care of GST filing needs of the clients. This is lead by a team of qualified and experienced professionals who understand the practical and legal aspects of GST law. The team is spread across all metropolitan cities and serves major corporates across various industries. This is further boosted with the GST advisory, process review and litigation services which has helped clients in receiving 360 degree view of nuances in GST and strengthen GST controls and systems.

Karvy also tied up with multiple independent application service providers for using its GSP API connectivity for GST filing and E-Way bill generation.

Karvy’s impeccable service coupled with its expert in-house functional and technical teams has enabled it to emerge as a leader in this segment. Recently, the company was ranked among the top 5 GSPs in India*, as per the report published by Economic Times.

The division has faced a number of many economic headwinds since its inception and has adapted to changing realities on a daily basis. This has made the division extremely agile and responsive to changes. Karvy as a GSP has all that it takes to serve its clients — Service, Technology and Experience.

In the future, as more features and services are added to the existing solutions, the division will continue to add great value both to the industry and nation-building.

* Top 5 GSPs in terms of number of invoice level information pushed to GSTN Network. – Publication dated June 29, 2018.