{"id":629,"date":"2019-02-26T14:58:25","date_gmt":"2019-02-26T09:28:25","guid":{"rendered":"https:\/\/www.instaspaces.in\/blog\/?p=629"},"modified":"2025-05-22T18:15:29","modified_gmt":"2025-05-22T12:45:29","slug":"save-your-gst-input-tax-credit-with-virtual-office","status":"publish","type":"post","link":"https:\/\/www.instaspaces.in\/blog\/save-your-gst-input-tax-credit-with-virtual-office\/","title":{"rendered":"Save your GST Input Tax Credit with Virtual Office"},"content":{"rendered":"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.\r\n\r\n \r\n\r\nSimply 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.\r\n\r\n \r\n\r\nNow 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<\/strong>. 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.\r\n\r\n \r\n

What is Input Tax Credit?<\/h2>\r\n \r\n\r\nGST Input Credit means the GST Tax credit any business can avail of its purchases and permissible expenses.\r\n\r\nEvery 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.\r\n\r\nGST Rates are very high currently and range between 5% to 28%, where 18% is the usual standard across services business.\r\nThis 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.\r\n\r\nFurther, if any business is losing GST input credit as their supplier\/vendor is giving them SGST invoice of the supplier\u2019s state. The business cannot claim the input credit on such purchases, as they are not registered in that state.\r\n\r\nIf 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.\r\n\r\nBusiness 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.\r\n\r\n \r\n