Author Archives: Manpreet Narula
Author Archives: Manpreet Narula
To incorporate your business, you can utilize InstaSpaces virtual office solution. It provides business address in a very affordable prize.
You can also contact us at the points mentioned below
1. InstaSpaces (https://www.instaspaces.in/)
If you are a service provider in more than one state, and I believe, the majority would have operations in multiple states; it would be hugely different under GST.
When does a service provider need to look at a multi-state registration?
It is only when you have operations in a particular state, which is a place of business or office that you have to register in that state.
For example, you are a Ghaziabad based service provider who seldom provides services in Delhi. Then you don’t need to obtain registration in Delhi.
However, if you have an office in Delhi apart from Ghaziabad, then it becomes mandatory for you to obtain registration in Delhi as well as Ghaziabad.
When you have this kind of setup with more than one state of operation
· you are required to obtain multiple registrations,
· you have to do the compliance of each of those registrations,
· the invoicing has to be organized according to that state and
· the input tax credit also becomes state-centric
Continuing with the above example, in case of multiple state operations, the person would be required to obtain registration in every state where he has an office, GST compliances for every state would have to be complied with individually, invoices raised from every office would have to be organized according to the respective state. And most importantly, input tax credit on input services would accrue the state where such services are received.
In the past, even if you are operating in 20 states, you could have obtained just one registration, which is for the place where you are headquartered. Now you have to break down that tax into relevant states and pay that to the relevant state.
This is the reason that for multiple state service providers, it is a mixed bag at least for the initial one-two years. It is also going to entail significantly high compliances and chances are you will have to deal with problems that you have never dealt with before.
Virtual Office is the Solution for that, And the best service providers for Virtual Office in Pan India is InstaSpaces Realtech Pvt. Ltd. (https://www.instaspaces.in/)
InstaSpaces have the most reliable and low pricing virtual offices provided in Pan India. Moreover they have great support team and can help you fulfill your requirement for running your business efficiently.
Cost effectiveness, Increased flexibility, conduct your business from anywhere
There are three kinds of virtual office plans
1. Virtual Office with Mailing Address (Starts @INR 1000 per month)
(Receives Courier & Post, and Dispatches the received couriers (at additional costs)
2. Virtual Office with Telephone Answering (Starts @INR 1000 per month)
Calls answered professionally in your company name by trained professionals
3. Virtual Office with Business Registration Address (Starts @INR 1500 per month)
In addition to Mailing address service, under this plan, you can Register your Company using the address of the business center or co-working space provider.
Depending on the provider, you may or may not get complimentary or discounted access to these facilities:
1) Access to Meeting Rooms
2) Access to workstations
3) Invite to In-House networking/mentoring events