“People were already doing business online with the help of bulletin boards. But I dreamed of an interactive online marketplace where people could take part in auctions. That is what triggered my imagination and so I did.”
Are the exact words said by Joel Anderson, CEO of Walmart.
That was long back when the idea of e-commerce was ridiculed and thought of something that would create no gains for anyone. All this was about to change by a great deal when an online-based bookstore decided to sell anything and everything on the internet (Amazon).
Paytm Store is something like Amazon, maybe a pre-teen version of Amazon building its roots in the India e-commerce industry. The Paytm store is currently seeing a tremendous rise in sales, thanks to the belief of the common people in online transactions. We Indians are an emotional bunch and since the inception of major e-commerce giants like Amazon and Flipkart, it has become easy for us to believe in these online stores very easily.
Can you explain PPOB and APOB in simple terms
Whenever you have a business that has multiple locations in a state, it can be quite confusing when selecting an address as your primary address. This is where PPOB ( Principal Place Of Business ) comes into action serving as your principal business address. This address will act as your main billing/mailing address in that registered state.
You can use this address for your Paytm PPOB address while listing yourself as a supplier on their website.
APOB solves another common problem for e-commerce sellers and many other businesses. When you declare one address as your registered PPOB, there is this thought of “ If this is my primary address, then what do I define all my other address locations as? “. All the other address locations can be described as Additional Place Of Business in that state.
If you are a Paytm seller owning 8 Warehouses in Karnataka. You will name one of these locations as your Paytm PPOB and name all the other 7 warehouses as your Paytm APOB. This makes sure all your billing details arrive at your Principal Place Of Business warehouse and you get one centralized address location to manage all your business affairs.
But you have to make sure your PPOB has all your business documents and also make sure it is registered against the GST laws of that state.
GST registration: Is it really important to get my Business Addresses GST Registered
GST registration is one of the many prerequisites if you want to run a business in India. It may not be necessary to obtain a GST registration, but people and businesses prefer your organization has a GST registered address to do trades and business with you.
To explain GST, it is a multi-stage, comprehensive, destination-based tax that is levied upon value addition. The tax law came into effect on 1st July 2017 and was used to subsume all the other tax law under single indirect tax law, for the whole country.
Here is a list of some of the taxes subsumed under GST
- State VAT
- Central Excise Duty
- Additional Excise Duty
- Additional Duties of excise
- Additional Duties of Customs
- Purchase Tax
- Luxury Tax
- Entertainment Tax
- Entry Tax
All this subsuming led to various direct as well as indirect advantages for the country as a whole. GST has removed the cascading effect of taxes infusing transparency in the tax structure. All this transparency has led to a leveling of tax between the whole country.
What do I do if my PPOB or APOB Address is Not GST Registered
You can always opt for a GST registration in the state, corresponding to the GST laws of that state. The process requests you to submit various documents such as proof of ownership, utility bills etc for registering your address under GST norms.
GST registration can prove extremely fruitful for your business, helping you get a unique GST number in that state. With the help of this GSTIN, you can opt for Input Tax Credit while filing for IT returns.
Can I use a virtual office space for my Paytm PPOB and APOB GST registration
A virtual office can be a great choice or alternative to your regular office spaces. You can easily get a GST registered address from your virtual office space and use it as your primary registered address for Paytm PPOB registration.
Virtual office space can also be used for a traditional APOB address for your Paytm APOB address. A virtual office provider can help you with all of these by providing guidance and the proper documents. InstaSpaces can provide quality virtual office spaces for your needs providing address location for PPOB and APOB registrations.
I see you’ve mentioned the term InstaSpaces in the above paragraph, what kind of virtual office services do they provide?
InstaSpaces are one of the leading virtual office space solution providers in India. They offer incredible office spaces at prime business locations all across the country.
These leading providers offer virtual office solutions in all the 29 states of India, including Union territories. Quality spaces at nominal prices are what they promise to supply. Here is a small example of the quality location they provide in Mumbai, Bangalore, and Hyderabad.
- Santa Cruz
- Bandra-Kurla Complex
- MG Road
- Jaya Nagar
- HSR Layout
- HITEC City
- Banjara Hills
These spaces are offered to be served as your GST registered Paytm PPOB and Paytm APOB for all your needs.
Once registered at one of their places, you can even opt for additional services like mail delivery and professional receptionists at an extra cost.
What kind of documents does InstaSpaces offer upon registering under one of their Virtual Office Spaces
The team of InstaSpaces offers business documents within 3-5 days of registering under them. They provide all these documents with no mention of the virtual office in any of them.
- Proof of ownership.
- Certificate of Registration.
- A utility bill.
These documents can be used to apply for GST registration under the common norms of the state you have your business under.
If you have any more doubts or queries, feel free to contact one of our InstaBuddies on site.
You can also contact us at the points mentioned below
Email:- [email protected]
we hope this article added some kind of value to your time.
Until next time,
Happy office Hunting…