This article has been written in mind, with the ones needing a brief explanation of the GST laws in India. We have also gone in-depth to explain the best ways of acquiring GST registration in other states of India.
So if you’re confused and a little out of ideas about what a GST registration could do for your business, you’re in the right place. So sit back and read through to get a very good idea about GST and its functions.
Table of Contents
GST and its inclusion in the Indian Democratic Government
GST ( Goods and Service Tax ) is an indirect tax levied upon the supply of goods and services. The Goods and Services Tax law was passed by the parliament on 29th March 2017 and brought into action by the India democratic government on 1 st July 2017.
This tax was brought into effect ti subsume the various taxes such as Central Excise Law, Service Tax Law, VAT, Entry Tax etc…
GST is a destination-based tax which has been implemented and put into action by more than 160 countries at the moment. the GST model has been of a dual basis where it is divided into
- SGST- collected by the state government
- CGST- collected by the central government
- IGST- collected by the central government
In the textbook introduction, GST is a multi-stage tax that is levied upon every addition of value to a certain product. it is also a single indirect tax that has been brought into effect for the entire country.
Why is GST state wise?
GST was brought state-wise to get tax benefits to the destination state. It was also brought to get rid of the immense confusion that occurred with a large amount if tax laws in the country. All those different tax vehicles such as State VAT, Central Sales Tax, Purchase Tax, Luxury Tax, Entertainment Tax, Entry Tax right along with their own set of problems into the taxpayer’s point of view.
GST helped solve the problems of multiplication of taxes, cascading if various taxes, double taxation and various classification issues.
The tax model of GST was brought into effect to reduce the stress on the taxpayer and to ensure that every citizen pays his tax amount wisely.
Advantages of GST
Inclusion of GST tax model in India has brought along a set of pros, most of which are bolted down here
- 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.
- Uniform prices throughout the country.
- Fewer rates and exemptions.
How to easily get GST Registration in other states?
If you are a business that requires presence across multiple states across India, then you would need to register with each state of India to get your very own GST number.
The GST number in each state is different from each other. this requires you to obtain unique GST numbers for your business in each state of India. But do not worry, because we have an easy fix for you to solve this problem beforehand.
Virtual office spaces are the best answer for your GST registration in each state of India. Let’s look at how you can do this in the following paragraph.
Virtual Office Spaces with InstaSpaces
Virtual Office is something brilliant to get yourselves a business address in a professional business area if you are low on cash or require a GST number in multiple locations across India.
A virtual office provides with a business address and not much more. there is no added office space that you can use ( other than co-working and shared working spaces at the location ). You can use this professional address as your mailing and billing address. It can also be used to get your business you are very own unique GST number IN every state across the country.
InstaSpaces: who are they?
When you opt for virtual office space, you also need one of the best service providers in India. One of the best providers with a high client base and good customer support is InstaSpaces. They offer their services in almost all the 27 states of India, including the major union territories.
These people have offered services to small businesses as well as big shot companies looking to grab one of their premium spots in India.
But why hire them, if there are so many choices available? Well, get to that in the next part of the text.
Positives of InstaSpaces
InstaSpaces offer a multitude of positives when you register at one of their business spaces. They include
- Lightning-fast Documentation:- Once you have registered at one of their spaces, they offer full documentation within 3-5 business days. This is from the day of paying the registration fee.
- A full refund/return policy:- If you find any discrepancy with any of their services offered at hand, you can opt for a full refund with no questions asked. They are also ready to offer you any kind of tax amount you might have offered along with it per se.
- Proper Business Documents:- InstaSpaces offer proper documents that no mention of virtual office spaces in any of them. The following documents are offered at the time of registration
1. A NOC (No Objection Certificate).
2. A certificate of Proof of ownership.
3. A utility bill such as an electric or water bill.
- Mail handling and delivery:- All mail will be sorted and forwarded to you at an additional cost of value.
- Optional receptionist services:- This can prove very beneficial in terms of improving the professionality of your business.
- Conference room abilities:- They can be booked beforehand to conduct meetings and various business affairs.
We hope you found this article helpful if you have any more doubts feel free to text one of our Instabuddies on site.
Happy office hunting…
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