Hyderabad-based firm Adaequare has been selected as a GST Suvidha Provider (GSP) by GST Network. Thus, it can facilitate end-to-end tax and retail solutions for large corporates, MSMEs, tax practitioners and micro businesses. The company is geared to handle more than 100 million invoices per hour, a release from Adaequare said. A GSP has to develop technology solution for taxpayers and other stakeholders to help connect to the GST systems for compliance, starting from registration of the entity to uploading of invoice details and filing returns. Adaequare CEO Pavan Peechara said that they were keen to deliver services as a GSP at the earliest. Adaequare was among the 69 companies shortlisted to be a GSP by GSTN in the second batch of applicants. In the first batch, GSTN had finalised 34 companies to become a GSP.
