In recent years, coworking spaces have become increasingly popular as an alternative to traditional office spaces for businesses of all sizes. These shared workspaces offer a range of benefits, from flexible rental agreements to access to amenities such as high-speed internet, meeting rooms, and communal areas.
However for businesses working in these spaces, the process of GST registration can be a bit challenging.
What is GST?
Goods and Services Tax (GST) is an indirect tax that is levied on the supply of goods and services in India. The tax is applied at each stage of the supply chain, from the manufacture or production of goods to their final consumption.
GST was implemented in India on 1st July 2017, replacing a range of indirect taxes that were previously in place.
In 2019, Spacelane Office Solutions, a coworking operator based in Kochi, applied to the Kerala Authority of Advance Ruling, GST Department to clarify whether multiple companies operating from the same address in a coworking space could have separate GST registration.
The authority ruled in favour of separate GST registration for multiple companies in a coworking space, subject to the submission of relevant documents, such as rental agreements between the landlord and lessee.
However, the stringent documentation requirements to prevent misuse of the coworking system have led to many businesses being denied GST registration.
Coworking operators and tax experts have called for simplified GST registration for businesses operating in shared office spaces, but so far as to our knowledge, there has been no response from the government.
GST registrations are a necessary factor for the adequate functioning of businesses. Therefore, several companies look for options to get an office address for GST registration at a minimal cost.
And this is where the concept of Virtual Offices kicks in. Virtual Offices are part of the flexible workspace industry, providing businesses with a physical address without them bearing the expense of owning or leasing a commercial office space. Through it, companies could obtain GST Registration and various Government licenses.
Virtual offices are preferred by various startups and enterprises who wish to maintain their address in a particular city but do not want to bear the expense of leasing the physical space.
Virtual offices are a cost-effective alternative to traditional office space, as they provide a professional business address without requiring large deposits, maintenance fees, or other expenses.
Through Qdesq, you could operate virtual offices in various cities nationwide without paying for any brokerage.
Top Cities to book a Virtual Office
There are various types of virtual offices available in Bangalore that offer a range of services. One such option is a virtual office for business registration, which allows you to register your company without needing a physical location by using a virtual office address provided by a well-known business centre.
Another virtual office type for GST registration in Bangalore, where you can register for a GST number using a virtual office address. This service includes a letter of authorisation, an agreement, a signature, and an electric bill, among other things.
If you need a mailing address for your business to manage couriers, virtual office space for a mailing address in Bangalore is your best option. This service provides a prime office address in one of the most renowned business centres in Bangalore for your business to receive postal correspondence.
Gurgaon, the millennial city, is the converging point for innovations and entrepreneurship. With tall skyscrapers and proximity to the national capital, Gurgaon has become the preferred address for various companies to set up offices in.
The price for Virtual offices in Gurgaon ranges from INR 10,000 to INR 20,000 according to the micro-location, type of facilities and the operator.
- Virtual offices in Mumbai
The city of dreams and the city that never sleeps. Mumbai, formerly known as Bombay, is the financial capital of India, hosting the most notable government financial institutions and the biggest corporate names in India.
The price of Virtual Offices in Mumbai ranges from INR. 12,000 to 25,000
