If you’re here and reading this, you are probably looking for answers about GST registration and virtual office spaces. We at Instaspaces, not only provide you with premium virtual office addresses but also with quality information regarding them. For we know information is wealth and we are ready to give away this wealth for your benefit.
But before GST and virtual office, why don’t we graze a little on the fields of startup and entrepreneurship.
Entrepreneurship is one of the famous buzzwords in recent times. Maybe the startup culture in recent times has propelled it right out silence. Entrepreneurship and business are being compared and talked about by people daily. It’s not just the talk, but more businesses are opened up and closed in failure as every day goes.
Maybe technology and social media make starting up your business cool, but there is nothing sure as of now considering the infinite number of variables in action.
But professionalism is one of the factors that keep a business going and virtual office spaces help achieve just that. Enough grazing lets dive into the topic.
Why should I get a GST Registration? Is it mandatory?
After the inclusion of the Goods and Services Tax model in the country, it has become mandatory for businesses to file under GST compliant.
Especially if your business has more than one active location point. This is because GST is a destination-based tax model. With GST in hand, you can opt for an invoice fulfilling GST laws.
When you do business with another company, the company can charge you principal+GST while selling them your product or service. After you do business another company you can later charge GST to the company you are selling your product or service to.
Let me clear this by a simple example
Let us consider 3 business A, B, C.
A sells its services to B with principal amount+GST. Let us consider this as total= principal amount+GST.
When B sells their services to C they can charge the total+ GST for the total.
Now c gets a price of all these added values.
A, B, C can later claim a part if this GST money as Input Tax Credit for the added money. Without the unique GST number, you will not be able to print an invoice for GST according to that state.
Without a proper GST number, you also cannot avail your Input Tax Credit after doing business with a GST registered company or organization. In simple words not having a GST registration would leave you at a certain loss.
What is Goods and Services Tax?
GST was brought into action on 1 st July 2017 to subsume all the existing laws under a single indirect law for the entire country. This law is a multi-stage, comprehensive, destination-based tax.
Goods and Services Tax was levied on value addition on each stage and are therefore much simpler. Activation of GST has brought together removal of the various cascading effect of taxes and has also brought down the complexity level of taxes.
Overall the GST law has brought many good factors into the play for the economic growth of India.
What is the cheapest way to get a GST Registration?
One of the cheapest and easy ways is to rent virtual office space from a service provider. They get you a professional address without the cost of owning and running a professional office space.
You can opt for virtual office spaces across any of a large number of service providers in India. But if you want a service provider with established clientele and excellent customer service, then you can opt for a certain provider named InstaSpaces.
Who are InstaSpaces and what are the best at??
InstaSpaces are a virtual office solution provider in India with virtual offices in all 29 states of India. They provide services in all these states of India along with additional services at an added cost.
These good people offer a 100% money return policy if you have any discrepancies with any of their services.
They also offer the following documents in hand after registration
- Proof of ownership
- A NOC certificate
- A utility bill
All the offered documents have no mention of virtual office in any of them, as they have to prove that virtual office services.
We hope you found this article helpful and informative. If you have any more doubts feel free to text our Instabuddies in the site.
Happy office hunting…0 109