Interesting Paytm Facts ahead!
We know this blog is meant to guide you towards ways to get a GST address as a Paytm Seller. But why not some random facts.
Did you know that a Paytm user viewed 172 movies in one year??
This person is living testimony to the term ‘movie buff’ and he was so comfortable with Paytm, he decided to pay for all the tickets through Paytm Payments.
20 million transactions!
That is the number of transactions made by the residents of Karnataka on Paytm Mall and other retail stores. Even though the amount may seem overwhelming, Paytm managed to handle all that without any difficulties.
But let’s stop the facts here and transverse to the real idea why we’re here. We have written this blog to give you the best and easiest way to get a GST Address in 2019. So if you are interested in learning, do scroll along.
Before we get into the details, can you explain GST and its benefits
India is not the first country to include GST in its tax structure, but it is always “ better late than never’.
Goods and Services Tax (GST) is a multi-stage, comprehensive, destination-based tax that is levied upon value addition. GST was put into effect on 1st July 2017 by the Indian democratic government. GST was brought to subsume all the other tax laws 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
- Purchase Tax
- Luxury Tax
- Entertainment Tax
- Entry Tax
GST has a ton of benefits too and here are some for your benefit
Benefits of GST in India
- Removal of cascading effect of taxes
- Standardized tax system
- Ease of doing businesses
- Better tax compliances
- Increased Tax revenue for the government
- Transparency in the Tax System
- Better GDP for India
What is the best way to obtain a Paytm GST Address
Virtual office spaces are literally what their name sounds like. They offer your organization a professional business address with a non-existent workspace.
Virtual office spaces offer zero workspace area to conduct your business affairs, but you can always opt for additional workspaces if you need one.
Some providers like InstaSpaces offer alternate workspace options for your Paytm GST address at an additional cost. They are
- Co-working Spaces
- Alternate Working Spaces
- Dedicated desks
- Dedicated cabins
Why should I get a Paytm GST Address? What are the drawbacks of not getting GST Registration
Paytm requires all its sellers to have a GST registered Address in that particular State. Without a Gst registration, you won’t be able to acquire a unique GSTIN.
There are several drawbacks for not getting a Paytm GST addresses
- You cannot avail ITR ( Input Tax Credit )
- You cannot print invoices with Added GST
How can InstaSpaces help me get a Paytm GST Address
InstaSpaces have been in the virtual office space industry for a long time with a network of established clientele. They have spaces in all the 29 states of India, including the union territories.
Here is a small example of the locations they offer in India
You can opt for their virtual office services in one of these locations to get a Paytm GST Address. InstaSpaces also provide high-quality documentation to support GST registration
After registering under a fixed and finalized plan, InstaSpaces offer you a list of documents in hand. It is a great sense of pride, we say that none of these documents has any mention of virtual office spaces. We offer three documents which are
- 12 Month rent agreement
- NOC ( No Objection Certificate )
- A utility Bill
All these documents are handed over to you within 3-5 days of registering under one of their office spaces.
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
We hope this article added some kind of value to your time.
Until next time,
Happy office Hunting…0 109