Bodhtree, Infosys sign pact for GST Suvidha services

IT service provider Bodhtree Consulting has entered into an agreement with Infosys to lets customers become GST compliant.

Under the pact, Bodhtree will provide its GST Suvidha Provider (GSP) and Application Service Provider (ASP) services to Infosys.

Bodhtree is one among the 34 GSPs handpicked by the Centre for the smooth roll-out of the Goods and Services Tax.

Assessee base

“The GST assessee base is much larger than what they are assuming now. The number of assessees, estimated to be 8 million now, could double or treble in the near future,” said Bodhtree Managing Director Rama Krishna.

Addressing a press conference here on Thursday, he said the company expected business to the tune of ₹200 crore in the next three years from this stream alone.

“GSPs and ASPs will provide the required support to taxpayers in the IT ecosystem for GST filings and other related GST compliances. ASPs will focus on taking taxpayers’ raw data on sales and purchases and converting it into GST compliant returns,” he said.

In the 2017 financial year, the company posted revenues of ₹79 crore, including ₹17 crore from exports. “We are looking at a growth rate of 40 per cent in the next three years.”

The firm has invested in Stratfit Technologies, founded by a US-based celebrity physical trainer.

The 20-employee start-up has developed a technology platform that helps people tailor their own physical fitness programmes to suit specific goals.