The Compressed Baryonic Matter (CBM) experiment is a part of the Facility for Antiproton and Ion Research (FAIR) in Darmstadt at GSI. In CBM experiment a precisely time synchronized fault tolerant self-triggered electronics is required for Data Acquisition (DAQ) system in CBM experiments which can support high data rate (up to several TB/s). As a part of the implementation of the DAQ system of Muon Chamber (MUCH) which is one of the important detectors in CBM experiment, a FPGA based Gigabit Transceiver (GBTx) emulator is implemented. Readout chain for MUCH consists of XYTER chips (Front end electronics) which will be directly connected to detector, GBTx emulator, Data Processing Board (DPB) and First level event selector board (FLIB) with backend software interface. GBTx emulator will be connected with the XYTER emulator through LVDS (Low Voltage Differential Signalling) line in the front end and in the back end it is connected with DPB through 4.8 Gbps optical link. IPBus over Ethernet is used for internal monitoring of the registers within the GBTx. In IPbus implementation User Datagram Protocol (UDP) stack is used in transport layer of OSI model so that GBTx can be controlled remotely. A Python script is used at computer side to drive IPbus controller.