Save your GST Input Tax Credit with Virtual Office

If you have a business that provides goods and services in more than one state, then you will definitely have hard time filling for your GST input credit. As under the GST regime the invoicing has to be organized according to the state where the goods or services are sold, Further input tax credit under GST is state centric. Simply saying, If you want to Claim your 9% of GST Input Tax Credit then you must have GST registration in the state where you are supplying your goods or services. And for GST registration you will require Office address in each of those states where your are serving. Now imagine, how expensive would it be to have physical office in all the states your business operates. There is an alternative solution to it, Virtual Office. With Virtual office space, you can own an office without having to rent a complete physical office space. You can use the professional addresses of premium business centers and coworking spaces at a fraction of a cost.

What is Input Tax Credit?

GST Input Credit means the GST Tax credit any business can avail of its purchases and permissible expenses. Every business has to mandatorily pay GST on any purchases for the business. Further, every business should, in turn, offset this amount of tax paid already with the GST it has to deposit to the government for its sales made. GST Rates are very high currently and range between 5% to 28%, where 18% is the usual standard across services business. This is a very high percentage for any business, therefore every prudent business should claim all the possible GST Input Credit on every purchase or permissible expenses. Further, if any business is losing GST input credit as their supplier/vendor is giving them SGST invoice of the supplier’s state. The business cannot claim the input credit on such purchases, as they are not registered in that state. If this input tax credit is a substantial amount, every business should indeed get GST registration done for each of such states, in which their input tax credit is getting stuck. Business Address proof documents are the starting point for getting GST Registration in every state. Here virtual office solutions are what a business can avail. You get the rent agreement, NOC and electricity bill for professional business centers at INR 1000/month.  

What is Virtual Office?

Virtual Office is a real Business address provided by premium business centers and coworking spaces. With Virtual office, you can own an office without having to rent complete physical office space. You will be provided with professional addresses of premium business centers and coworking spaces at INR 1000-3000 per month. You will get following documents with Virtual Office, 1) No-Objection Certificate 2) Rental Agreement 3) Address Proof (Utility Bill) In addition to that, you can also avail mail handling services and signage at that office address. With Virtual Office you will be able to get your GST Registration across all 29 states in India at fraction of a cost.

Virtual Office Bangalore Starting at Rs. 1500 per Month.	Virtual Office in Delhi Starting at Rs. 1200 per Month.	Virtual Office in Mumbai Starting at Rs. 1200 per Month.
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Physical Office vs Virtual Office

FAQs

Can a GST number be obtained on a virtual office address? Yes, with proper rent agreement documentation, GST number can be obtained with Virtual Office. Address Proof, Rent Agreement on Stamp paper and NOC from legal owner is provided.	What are the major cities where InstaSpaces provides virtual office services? InstaSpaces provides virtual office address in all 29 states & 7 UT’s of India. The major cities included are Delhi, Mumbai, Chennai, Bangalore, Hyderabad, Kolkata, Gurgaon, Noida, Pune, and all the metro cities.
What all documents are provided under Virtual Office for GST Registration? Proper Address Proof, Agreement and NOC from the legal owner of the premises. The documents have to be in proper desired format and guidelines as outlined by the GST Authorities.	Does InstaSpaces provide cheap virtual office address for GST Registration? Yes, we provide a wide range of virtual office spaces from cheapest to premium ones in most prime business districts of the city. Also, we provide an end-to-end solution submitting your GST registration (at additional charges).

 

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