GST Suvidha Provider Compliance Audit

Introduction

GST Suvidha Provider is referred to as GSP. A GSP is a service provider that uses its online platform to assist the taxpayer in adhering to the GST law's requirements. The returns submitted by businesses using GST Suvidha Provider will be received by the Goods and Service Tax Network (GSTN). 

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Importance of GSP Compliance Audit

The GSPs are the unique organisations that have been given permission to create a platform that would allow the taxpayer to comply with GST. The largest tax reform in Indian history is the GST.   

All GST system features, including registration, return filing, tax payment, and invoice uploading, will be accessible via APIs. The GSTN will be in charge of all return filings under the GST. 

Before they begin supplying data to the network, the GST Network has requested that the GST Suvidha Providers have their systems audited in accordance with ISO standards. 

Hence the GSP compliance audit acquires significance as the nation prepares to reform its indirect tax system and as thousands of firms submit their purchase-sale invoices on a regular basis to the GST Network (GSTN).    

One of the auditors on the panel of CERT-IN informed GSPs that before they connect to and begin pushing data into the GST System, they must have their systems audited in accordance with the current ISO standard on security. 

Our Process to Perform GSP Compliance Audit

To guarantee compliance with regulations, our team of auditors at Precise Testing Solution will work with a comprehensive approach while doing a GSP System Audit. 

The scope and objectives of the audit are planned and prepared. 

Evaluation, measurement, management, and control of IT-related risks improve process dependability and the overall security of the information system.

Controls over crucial system platforms, networks, and physical elements as well as IT infrastructure supporting pertinent business processes are evaluated. 

Reports Summarize the audit’s findings, conclusions, and suggestions in terms of compliance, noncompliance, and areas for improvement.

Benefits of Our GSP Compliance Audit Service

  • It will put a focus on the identified risk areas and examine the records kept as part of routine business operations. 
  • It will aid in locating unutilised compliance verification methods. 
  • As the nation prepares to reform its indirect tax system and as thousands of firms upload their purchase-sale invoices on the GST Network (GSTN) every day, it will guarantee seamless operation. 

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Why should you choose Precise Testing Solution?

The Precise Testing Solution is a STQC & CERT-IN empanelled company that is a member of the Data Security Council of India and NASSCOM, and is also certified under ISO 9001:2008 and ISO 27001:2013 standards & licensed IT services software testing company that provides cyber security services as well along with information security solutions that include VAPT Services, Penetration Testing Services, and Vulnerability Assessment Services.  

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