Most of the businesses that you are seeing these days are looking forward to the expansion. There is a lot of documentation that one has to look into before registering a business with the government and this means that most of the new people who are ready to start their venture of business are extremely confused with regard to the documentation procedures that they need to take care before they proceed with the actual business using virtual office address.
Most of the new businesses that are starting to trade must need one very important aspect of documentation to authorize their trade and that is a Goods and Service Tax (GST) registration to channelize them into the legal formalities of running the business. With a GST registered business, you will be able to trade your goods and services at different parts of the state and that means with the registration you are liable to avail tax credentials as well. Now that we know why a virtual office address for GST registration is important, let us get to know how you can get a GST registration when you have a virtual office address all over India.
What is a Virtual Office Address
The concept of a virtual office address is similar to the physical address. The only difference is that you are looking forward to owning an address without having a physical office in the address. This concept is a widely accepted concept by many and most of the people who are looking forward to developing their startups usually prefer the virtual office method. With a virtual office in the scene, you are saving nearly 80% of the capital investment that you will be investing for an actual physical office in India.
Is it legal to own a virtual office
It is a completely monetized process and to make sure that you are covered under the law, your business is registered with a business registration or a GST registration under the government of India. This will also make sure that you enjoy the benefits of a legally registered company in India and you are also liable to pay taxes on the same.
What do you mean by a GST registration
All commodities and services providing businesses in India need to register themselves with the Goods and service tax requirements to make sure that they are legally covered under the business act of India. With a GST registration, your business will be allowed to exercise in providing services in all parts of India. With a GST registration, you will be able to humble yourself by providing services with giant retailers to move your products around in the market.
What are the documentations that I must be aware of
With a GST registration of a virtual office, there is a simplicity in the process, and here are some of the documents that you will be provided with for a GST registration. Some of the major documents that you need to look ahead include;
A Utility Bill
The utility bill is proof that you are actually running the business and most of the virtual office providers will provide you with a utility bill preferably an electricity bill to submit as a track record that you have operated from the place. Once you confirm the address, the GST processing will start, and to submit the same, the virtual office provider will provide you with an Electricity bill of the chosen address.
A Rental agreement
To have a registered business, you must also have proof that you have paid rent for the space of operation. Once you have selected the address, a rental agreement will also be provided to you for submission. This rental agreement is one of the most important proofs of documents that you will be needing to complete the process.
A No Objection Certificate (NOC)
A NOC is one of the last elementary documents that you would need for the registration process. The NOC certificate will stand as a legal standpoint for the assurance that your business is operating within the limits of the law.
Once all these documents are provided, the processing will start and within no time, your business will have a GST registration certificate. Once you are certified for GST, your business will be financially legal.
Advantages as a business with a GST registration
- You can enroll in e-commerce programs like the FBA (Fulfilled By Amazon) program to increase your revenue in terms of sales.
- You can also do trading in multiple states across India and this means that you can also stock up inventories in local warehouses.
All you have to do is find a virtual office provider like InstaSpaces and make a booking immediately. Instaspaces are offering virtual office addresses for 28 states in more than 100 cities. You can always book a virtual office by logging into www.instaspaces.in and confirm a booking now, and connect with our skilled support team for the detailed view.
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