Government Business Suit

Government Business Suit

The Inspirisys Government Business Suite (GBS) is an e-Governance solution designed to facilitate various financial transactions on behalf of the government for banks and organizations. This suite is tailored to handle direct and indirect tax collections, remittances, and other government-related financial operations.

Key Modules of the Government Business Suite:

  • Tax Collection and Remittance: Manages collections and remittances for direct taxes (e.g., Income Tax) and indirect taxes (e.g., Goods & Services Tax) in compliance with the Central Board of Direct Taxes (CBDT) and other regulatory bodies.
  • Pension Schemes: Provides centralized processing and payment for various pension schemes, ensuring timely disbursements to beneficiaries.
  • Savings Schemes: Supports the management of government savings initiatives such as the Public Provident Fund and Senior Citizens Savings Scheme.

This suite is utilized by over 25 public and private sector banks in India, enabling them to efficiently conduct government business operations through innovative technology solutions.

 

The Inspirisys GBS Ultra 5 (Government Business Suite) is a comprehensive solution for banks to manage government-related financial transactions. Below are the key modules of the system:

Modules of Inspirisys GBS Ultra 5

  1. Direct Tax Collection & Remittance
    • Manages Income Tax, Corporate Tax, and other direct tax collections.
    • Compliant with the Central Board of Direct Taxes (CBDT).
  2. Indirect Tax Collection & Remittance
    • Handles Goods & Services Tax (GST), Excise, Customs Duty, etc.
    • Compliant with the Central Board of Indirect Taxes and Customs (CBIC).
  3. Pension Processing & Disbursement
    • Centralized pension payment system for various government schemes.
    • Ensures timely disbursement to pensioners.
  4. Government Savings Schemes
    • Supports management of schemes like PPF (Public Provident Fund), SCSS (Senior Citizens Savings Scheme), Sukanya Samriddhi Yojana, etc.
  5. Central & State Government Receipts Management
    • Manages collections from various government departments (municipal taxes, challans, fines, etc.).
  6. Treasury & Public Funds Management
    • Helps banks handle government treasury operations and public fund disbursements.
  7. e-Governance Integration
    • Seamlessly integrates with government portals like e-Kuber, TIN 2.0, and PFMS (Public Financial Management System).
  8. Automated Reconciliation & Reporting
    • Provides automated reconciliation of transactions.
    • Generates real-time MIS and regulatory reports.