GST Suvidha franchises set to take off and relieve burden of small traders

The Indian government’s effort to ease burden and harassment faced by small businessmen and traders over filing good and service tax (GST) returns is beginning to bear fruit with the expansion of GST Suvidha Centres that are springing up across the country through a franchise model.
These centres, especially because of their low cost model, promise to reduce cost and burden of filing GST returns, could pave the way for making India’s biggest tax reform a success.
Consider one example of how this would work. Hyderabad-based Bodhtree Consulting Ltd, which is a registered GST Suvidha Provider, has developed a software for easy compilation of data and filing of GST returns for small traders, business and manufacturers, every month. In order to spread the use of its software, the company has tied up with Popcorn Infotech Pvt Ltd, which promote the software. Anyone can buy their software and set up a GST Suvidha Kendra, similar to Aadhaar Suvidha Kendra, and charge a minimal fee for various required filings for GST to be done by the small businessman.
The lack of tech-savvy and fear of high costs in installing computers and employees with the requisite skills was one of the biggest fears among small businessmen and traders. This type of suvidha kendra eliminates that by reducing costs, especially those whose business’ turnover is in the lower boundary point for GST registration, that is above Rs20 lakh.
According to our findings, the GST Suvidha Kendra will charge nominal fees for providing the services. Bodhtree is one of the first companies to be ready with the software. Anybody who wants to set up a GST Suvidha Kendra needs to invest in necessary computer system and a small amount of Rs25,000 for the software. This also presents a good business opportunity with low investment. The prices for various services to be provided
Source:http://www.moneylife.in/article/gst-suvidha-franchises-set-to-take-off-and-relieve-burden-of-small-traders/51799.html
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