Virtual Offices Spaces, Address

Hi, One can save GST Input tax Credit With Virtual Office And grow/develop their Business. Under GST, For asserting your GST Input tax Credit you should have GST enlistment in every one of those states where you deliver goods or services. Virtual Office can give you better financial growth compared to in contrast with customary leased office space. If a company or business that gives products and services in more than one state, at that point you will have a hard time filling for your GST input credit. As under the GST system, the invoicing must be sorted out as indicated by the state where the goods and services are sold. Basically saying, if a company wants to save GST input tax credit, at that point you should have GST enlistment in the state where you are providing your products or services. Also, for GST Registration/enrollment you will require Office address in every one of those states where you are serving. One a imagine how costly would it be to have a physical...

Dear Business Owners/Sellers, GST Registration:-  The main concept of Goods and Service Tax (GST) is to make tax simpler to everyone. Anyone can start his business by taking GST registration. What is GST Registration:-  Goods & Services Tax (GST) is an indirect tax which is levied in almost all the goods and services across the country. It is enforceable as on 1st July 2017 in the whole country under Goods and Services Tax Act, 2017, before the commencement of this act there are many other acts which were leviable on different stages of goods production and services. The main objective of this act is to remove double taxation and make taxation simple and easier.  There is only one intention to bring this act is “ONE NATION ONE TAX.” Before the commencement of this act, every state has its taxation law for goods and services, so sometimes it will create confusion among the traders when they trade their goods or services from one state to another. GST regist...

Dear Business Professionals, GST Registration Requirements-Turnover More Than Rs. 40 Lakh in a Year:-  If you are supplying any goods or service and the total turnover is more Rs.40 Lakhs, then GST Registration is mandatory. The turnover limit for the North-East States is Rs. 20 Lakh. Inter-State Supply of Goods:-  If you are supplying goods outside your State then GST Registration is compulsory irrespective of turnover.  E-Commerce Business:- If you are selling goods or providing any service though the E-Commerce portal, then GST registration is required even if your turnover is less than Rs. 40 Lakhs.  Penalty:- You have to pay the penalty if you are not registered under GST as per the requirements. The minimum penalty is Rs. 10000 for non-compliance under GST. The penalty will be 10% of Tax Due (Minimum Rs. 10000) when tax is not paid for genuine reasons. The penalty will at 100% of the tax amount in case of willful default or deliberate non-compl...

Dear Friends, Goods and Services Tax online Registration   Procedure, Forms, Rules, and Documents Required for Online Registration. Steps to be followed and Documents required for registration on the GST website by the State VAT Dealers. Registration of Existing Tax Payers at New GST Portal. GST registration in India. How to Register online on GST Website 1 -  Visit GST Registration Portal by following the link  www.gst.gov.in 2 -  Hit on  New User Login Button . 3 -  Select the  Checkbox  to confirm terms and Hit on  Continue . Now a menu will appear to show the list of documents required for enrollment procedure. Hit on  Continue.  The following menu will appear. 4 -  Enter Provisional ID, Temporary Password and Captcha received from your VAT Department and press  LOGIN. 5  - Enter e-mail ID, Mobile Number and  click to continue 6  - OTPs will send to your E-Mail ID and Mobile N...

Dear Business owners, Virtual office service providers have the best customizable Virtual office plans that are easy on your pocket and full of services. It provides a contact address for mail, in prime locations in Bangalore. You will also have access to the use of meeting rooms and conference rooms on an hourly basis. If you need to use the address for Company/GST Registration purposes, then you will need to use the virtual office plan. Our team is very helpful in providing guidance on which office option would be most suitable for you. Virtual Office Space for GST Registration Have you ever imagined having an office address in a prime location without:-  Actually having to rent a space in Bangalore? Yes, with the help of virtual office space you can enjoy office address at a prime location in Bangalore without paying rent for a physical office space. A virtual office is one of the most flexible and cost-effective ways of working as buying renting a physical of...

Dear Business owners, What is GST registration Introduced on July 1, 2017, GST or Goods and Service Tax is seen as the most significant tax reform in the history of India. GST merged Central and State taxes into a single tax to improve the ease of doing business and widen the taxpayer base. Subject to certain conditions, GST registration is mandatory for manufacturers, traders, and service providers.  GST has been implemented on the theme of One Nation One Tax and has tax slabs from a minimum of 0% to the Highest 28%. Business entities whose turnover exceeds INR 40 Lakhs (for Northeast and Hilly state 20 Lacs) are required to obtain a New GST Registration . However, the limit for the Service provider is still INR 20 Lakhs.  A certain category of Taxpayer u/s 24 of the CGST Act 2017 needs to register under GST irrespective of turnover compulsorily. It is in the best interest to determine upfront the requirements and eligibility criteria for the registration. It has on...

Hi Friends, In the GST regime, every individual or company that supplies goods and services have to register under Goods and service tax (GST) .  So, if you run a business with an annual turnover that exceeds Rs.20 lakh (in all Indian states, other than north-eastern states) then you will have to register with GSTN (Goods and Service Tax Network). Once you have registered under this regime, you will receive a unique GSTIN (Goods and Service Tax Identification Number). The Central Government issues a state-wise, 15-digit number to you once you complete registration. There are many advantages of GST registration including the fact that you will get a legal identity as a supplier. You can also avail input tax credit and collect GST from recipients of goods and services. Documents required for GST registration Take a look at the documents you will need to upload while registering under GST. —-Pan card of the applicant, - Partnership deed or incorporation certificate, - PAN...

Dear All, Company Registration or Business registration is allowed and accepted by Virtual office all over India or Pan India. Nowadays companies can establish their presence in any market with a virtual office. A virtual   office allows you to take the benefit of a professional business center and its services and address without having to physically be available at the premises. A virtual   office reduces the cost a lot, as you don't need to buy the premises. A virtual office is an office where you can rent space and services for your company. For startup companies, a virtual office is not the same as a registered agent. A virtual office can be used as an address for a regular company office. Virtual Office Address for GST and Company Registration A virtual office provides address services at a prime location, without providing physical office space. A virtual office concept allows company owners and staff to work f...

Dear Business owners, GST Registration Procedure:- The structure of GST stands on the foundation of the registration system, for it is a registered person who is liable to pay tax and who is eligible to avail the benefits of the input tax credit mechanism. A registered person can also collect GST from their recipients. An unregistered person is not taxed and is also kept outside the input tax credit. The GST law gives a limited option to certain categories of persons to avoid registration and thus avoid the tax liability lawfully. However, if one falls within the reach of an extensive list of statutorily prescribed criteria requiring compulsory registration, the supplier must get registered. Liable persons for taking GST Registration – Section 22 of the CGST Act State or UTs :-  Every supplier of the goods or services or both needs to register in a State or a Union Territory if his turnover exceeds Rs.20 lakhs. Special Category States:-  In case of special categor...