Bodhtree Consulting sparkles on shortlisting for GST work

Bodhtree Consulting has been shortlisted to provide interface between the new Goods and Services Tax (GST) server and taxpayers. GSTN, the company that is tasked with building the world’s biggest and most complex tax framework, shortlisted 34 companies to be the GST Suvidha Provider (GSP) subject to the further process of finalization and agreement by the GSTN.

The GSP is mandated to provide innovative and convenient ways to taxpayers and other stakeholders in interacting with GST systems from registration of equity to uploading of invoice details to filing of returns.

Prominent among shortlisted are Bodhtree Consulting, Tata Technology Services, Deloitte Touche, EY, Tally Solutions, Karvy Data Management, Mastek, Motherson Sumi Infotech, NSDL e-governance Infrastructure, Ramco Systems, Reliance Corporate IT Park, Tera Software.

On the financial front, Bodhtree Consulting’s revenue increased 0.52 per cent to Rs 13.46 crore in Q2FY17, as compared to the same period in the previous financial year. The company’s net profit also rose 27.78 per cent to Rs 46 lakh in Q2FY17 on a yearly basis.

The share price of Bodhtree Consulting increased 8.14 per cent on the bourses in early trades and closed at Rs 45.15 on intra-day basis.