Why do we need Virtual Addresses for GST Registration

Establishing a business is a never-ending process when things are done wrong but if you come up with strategies to build the business the possibility of things going wrong is very meager. Well, for setting up a business, you have to take care of various aspects like getting yourself a good office space, registering your office with the address, getting a GST registration, and so on and so forth. 

Well, these aspects might seem to be easy to do but in a competitive business world, you need to be very careful with making decisions on aspects and as far as we know, getting things done before starting a business is very hard with stringent rules and regulations governing the activity. So, it will be better if you try to make use of some efficient ways to get things done, and here is where companies like InstaSpaces lend you a hand with choosing your virtual office for GST registration. So, if you are new to this concept and are looking for some insight, this article is the best place where you will explore how virtual offices work and how easily you can get your GST registration done. So, let’s get started.

Well, we all know that in recent years the government has been working on the GST which was introduced in 2017 to regulate the Indian market. Now, that GST is fully functional, every business that sells goods or services has to register under GST and for doing so an office address is a mandatory requirement, Well, previously, this was not the case, businesses had the option to run without having a registered office but with the GST mandates, every business needs to have a registered office. Well, with a more modernizing corporate world, it is time that we move to a more advanced office platform where you can avail yourself of space and other amenities to get started with growing your business. 

Well, the more advanced system of office is nothing but virtual offices. It is a simple system where space exists physically but is made accessible to various businesses virtually. The virtual office is a virtually accessible office whose address can be used for various business purposes like office registration, GST registration, courier and postal service, and much more. Well, this system is much more efficient than conventional offices. So, here in this article. We will explore a lot of what virtual offices are and how they can be used to register a GST number. 

So, if you are planning to set up your business, you might be on the lookout for information that relates to establishing a business, and any new system that might be supporting you with making the establishment a bit simpler, and here is where our virtual officers come into the picture, to better understand how, virtual offices help you with establishing your business with ease, follow along and learn how the virtual office can help you register GST for your business.

So, to begin with, let’s first explore the concept of what virtual offices are and how they function.

Virtual Office: What is it, & How do they Work

A virtual office is a term used to describe a commercial office setup whose address can be used as the office address but the physical office will not be readily available as in conventional offices. There are many features of the virtual office that are you can register your business and GST with the address of the virtual office but you will not be able to physically use the space as your office space, you can also avail services like, reception, courier and parcel management, and customized storage units to safe keep documents and there are many other ways that virtual offices. 

Well, with this said, you might be wondering, which type of business will these virtual offices support, and the simple answer is any business where the employees don’t have to commute to an office to work or a business that is looking to cut costs on office spaces can avail virtual office features. The major advantage of this model of business places is that the cost of maintaining a physical office is nearly nullified and you can promote a healthy work-from-home culture with occasional meetings and events when necessary. 

So, this is the very basics of virtual office and you might have come across such offices, So, if you are planning to avail yourself of a virtual office, you will have many queries and questions regarding the legalities of these setups. GST being a very much mandatory legal aspect of any business, you need to avail your business with a GST number, so you can make transactions with your clients or suppliers. So, this article will elaborate on one of the most commonly asked questions by anyone trying out the virtual office module for the first time and that is, whether you can use a virtual office for GST registration. So, the answer to this commonly asked question is, yes, virtual offices can be used to register GST. 

So, with this answer, we can step into how you can efficiently get your GST registered with virtual offices in Bangalore. So, if you ask, what’s different between registering GST with a normal office address vs registering GST with a virtual office address? Well, there is no difference between both and the process of registering GST is the same. This is because, virtual offices are completely legal and can be used for operating a business, and as far as GST concerning the legality of the documents matters and not how you run the business or which type of office you use to run your business. With this made clear, we can move on with what you need to get started with GST registration of virtual office.

GST registration for a business is a very simple process, you just have to register the GST online by visiting the GST portal. Well, when it comes to documents that you will be needing for gettings yourself GST, there are a set of standard legal documents that you need to submit to the GST authorities in order to get registered. These documents are not so sophisticated to acquire and are very basic and simple ones that you most probably have with you already.

List of Documents you need to Register for GST

Here is the list of documents, you will be needing to get your GST registered.

For Proprietors

1. Pan card.
2. Aadhar card.
3. Passport size photograph.
4. Registered Office Address.
5. Legal documents for Office Address.
6. Bank account details.

For Companies

• Company Pan card.
• Certification of Incorporation.
• Memorandum.
• Signatory’s proof of appointment.
• Signatory’s pan card.
• Signatory’s Aadhar card.
• Pan card of Directors.
• Address Proof.
• Bank Details.
• Business’s Principal Address Proof.

For LLPs and Partnerships

So, these being the basic document criteria for registering for GST, it is understandable that documents like Pan, Aadhar, bank account, and passport documents are readily available to you but the one thing that you need is the office address which you can get access to through virtual office providers like Instaspaces. Moreover, the virtual office address provided is legal and can be readily used for registering GST and there will be no trouble whatsoever in the future unless the government changes existing policies. Well, after Covid, it is safe to say that the government is not going to roll out any new policy that will cause trouble with virtual offices. 

Now, that we made it clear that virtual officers are safe for GST registration, you can dive in and get started by contacting Instaspaces for virtual office spaces at your favorite locations. But before that, you might like to check out whether you really need GST as there are some norms that you can check out and learn whether you really need GST, so you can make a better decision in this matter.

Who Really Needs GST

Any business with an annual turnover of Rs 40 lakhs and above must register for GST. 

• Individuals making the inter-state supply of taxable goods and services.
• Non-residential taxable individuals.
• An individual who acts as a distributor of input services.
• All e-commerce businesses.
• Individuals or groups notified by the GST council recommendations.
• Individuals eligible for tax deduction under section 37 must register.

Moreover, virtual offices cost less compared to conventional offices, so you can make effective investments in your business.

With such efficient options, you can get ahead with expanding your business to any city you prefer and grow exponentially to make great profits. To get started, contact InstaSpaces and get yourself a cool virtual office address with different features customized for your business. Be ahead of your time and reap the benefits of the new-age office concepts.

We at InstaSpaces have been providing virtual office services for more than six years, and have been helping small businesses to grow on PAN India. Because of the low-cost advantage of the virtual office more and more businesses in India are on the lookout for this service.

InstaSpaces is the only virtual office service provider, that is providing this service on PAN India, the main reason for writing this content is to make the business owner more and more aware of the advantages of virtual office and how the various benefits can be used to lower the cost of running the business and also help in increasing the revenue of the business. 

Phone:- +91–888-270-2020
Email:- [email protected]

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