I know you have been searching for. I understand you have been looking through the world wide web for answers. The answer about GST and virtual office services. If you have been under pressure doing so, I’m here to tell you that your search has ended. His article was written in mind to help the ones how are maybe confused with GST laws and its working. We will give you a short brief answer about GST laws and how InstaSpaces can help you by providing virtual office spaces. Let’s dive right in.
Before we discuss GST you need to have a very basic understanding of business and various tax laws that are present. Business can be a bit complicated if you don’t have much guidance or maybe even a proper mentor at hand. Especially with the number of startups and online businesses booming up every day, it almost seems like there is a new entrepreneur around every corner of the street.
Maybe the internet and social media have been propelling these people to dive headfirst into the field of business per se, but we’ll never know. Anyways business is always hard and not a walk in the park. If you plan to invest your money or someone else’s in the business, make sure you have the right tools and the proper advice all through the journey.
Tax is something developed in the industrial revolution as a means to get money from the rich and wealthy to pay the government. Initially, it was revolted against, but now it is something every commoner has to do to live in India.
Tax is a necessary evil and so are the newly updated laws of GST. Well, look into them in the following article.
Table of Contents
Explaining GST and its Importance
Goods and Services Tax was brought into effect by the Indian constitutional government on 1st July. This was supposed to be a single indirect tax system for the entire country.
GST act was passed in the parliament on 29th March 2017 to subsume all the other tax models such as import tax, export tax, value-added tax, entry tax, central excise law etc…
It is a multi-stage, comprehensive destination-based tax that was levied on value addition at every stage. It is further divided into
- CGST- Obtained by the central government.
- SGST- obtained by the state government of the destination.
- IGST- obtained by the central government.
Once these taxes were brought into effect, they gave away several advantages that paved the way for better economic growth. Here are some of the pros
- Regulation of the unorganized sector of business.
- Removal of the cascading effect of taxes.
- Uniform prices throughout the country.
- Fewer rates and exemptions.
- A simpler and defined treatment for e-commerce.
- Reduction in multiplicity of taxes.
- The distinction between goods services is no longer needed.
- A much simpler taxable system for the consumers.
- Transparency in the taxation system.
With all these pros it is hard to say no to GST.
Why should I get a separate GST Registration in each state?
It is mandatory for your business to get a separate GST registration in each state, as it is a destination-based tax. With your very won GST number for every state, tax can be easily passed.
GST is also a tax levied upon value addition, so it based on multiple stages requiring you to acquire individual GST numbers in each state.
Primarily you should get a GST registration in each state to avail your business a unique GST number in each state.
How Virtual Office Spaces can help?
Virtual office spaces are primarily used to provide your business with a professional address in the high-end business zone. They do not provide you with active office space, but just the professional address for your business. With added services such as shared working spaces and conference rooms, hey can sometimes easily provide more than what was offered.
A classy business address with i]option for mail delivery along with optional receptionist services makes it a classy buy for your business indeed. If you want options for your virtual office center, we provide you with the best providers in India.
Where can I find the best Service Providers in India?
This is a pretty simple answer if you type it in google. But if you want a highly professional team with excellent customer service, they don’t look past the good people at InstaSpaces. The team of InstaSpaces is more about delivering what was promised. They also value customer satisfaction as that goes to show from their varying range of clientele.
InstaSpaces offer virtual office services in all 27 states of India along with all of the union territories in India. They also offer added services such as
- Mail delivery and handling.
- Co-working and shared working spaces.
- Conference and meeting rooms with excellent audiovisual features.
- The optional receptionist that can be hired.
Remember how I said, InstaSpaces value customer service above all else. Here are some points as proof
- Full refund:- If you find any discrepancy with your registered space at InstaSpaces, they are completely ready to offer full refund along with any of the taxes you might have; aid along with it.
- Speedy registration and document delivery:- They offer completion of full documentation within 3-5 business days, offering you the following documents in hand
1. A NOC certificate
2. A utility bill
3. Certificate of proof of ownership
All the certificates and documents offered have no mention of virtual office in any of them enabling you easy registration with all of the government services.
We hope you found this article helpful and much to your use. If you have any more doubts feel free to text our Instabuddies on site.
Happy office hunting…
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