How Virtual coworking Space Helps You to Get GST Registration With Zero Investment in 2020?

Do you know every company has to register in a state where its supply of goods and services in order to get back GST input Credit?

There are so many multiple state companies registered at my coworking space for their GST registration in the state.

I am going to tell you

what is Virtual Coworking space?

How Virtual office space can help you to get GST registration with no heavy investment?

and many more

so Let\’s dive in.

Introduction to virtual Office space

A virtual office is an option that allows workers and businessmen to work remotely by offering a variety of business functions that can be accessed through the internet. The virtual coworking space has been gaining a lot of attention during the lockdown from start-ups and entrepreneurs.

In this blog, we will answer your questions regarding what virtual offices are, how they function, and how you can register for them.

 

Contents:

1. What Is A Virtual Office?
2. How Virtual Offices Work?
   • Virtual Address
3. Features Of Virtual Office Spaces
4. Virtual Office Space Plans
5. Virtual Offices For Business Registration
6. Virtual Office For GST Registration
   • Why is A GST Registration Needed For Your Virtual Office?
   • How To Get A GST Registration For Your Virtual Office
7. Where Level 212 Coworks Comes In
8. Conclusion

What Is A Virtual Office?

A virtual office is a flexible workspace in which businesses or workers can avail all benefits that a commercial workspace gives- such as office address, telephone number, receptionist, etc while working from anywhere.

Virtual office spaces have become a prevalent option amongst freelancers, entrepreneurs, and start-ups who work from home, but want a professional business address for their company. These offices are opted not just for their remarkable features, but for being a cost-effective option as well.

A virtual office is a workspace solution that allows entrepreneurs, freelancers to work whenever they want and from wherever they are. First pioneered by Servcorp about 40 years ago, the concept of this co-working space is getting attention to meet up with today\’s work demands. In an upcoming city like Pune, the number of start-ups and small businesses increase exponentially, and to cope up with such a demand for the concept of virtual office space can be a potential alternative. This allowed entrepreneurs, small businesses to have access to the advantages of established office space in your city or elsewhere that provides a better impression to the client. With this, one is allowed to get a prestigious address, administrative support, and local phone numbers, without committing to any dedicated office space. Whether you are a young team of enthusiastic entrepreneurs, freelancers, co-working virtual office space is a perfect place to start and grow.

 

How Do Virtual Offices Work?

Virtual office vendors provide the customers with traditional workspace features such as virtual office address, assistant, mailing address, etc. The worker can work from any desirable location-home or remotely, and the service providers will help in setting up meetings, attending business calls, and many more value-added services such as marketing, human resource management, etc.

Most companies today prefer going for coworking and virtual office models of functioning due to environmental and economic reasons. One of the most important attributes that a virtual office space provides is the virtual address- what is a virtual address?

Virtual Address

Unlike what the name suggests, a virtual address is not an address on the internet. It is a physical address that is provided by the vendor to the customer to be used for all business activities and mail purposes.

Companies especially small businesses who are looking to expand their services opt for virtual addresses as it helps them have offices in multiple places.

These addresses can be opted for regardless of the office lease, rent, utility payments, or other additional costs.

 

Features of virtual office spaces

Given their increasing popularity, it is no surprise that virtual offices come with several attractive features. Synonymous with the features of a traditional workspace, virtual offices provide workers with all the necessities they would expect from a normal office and more.

These features include:

Office Address

The vendor provides the business with an office address that can be used for registration and other legalities. This address can be used for mails, utility bills, and NOC’s as well.

Telephone Number

Along with the office address, the vendor also provides a phone number that the customer can use as the official contact number.

Assistant

The service also provides for a diligent professional whose primary occupation is to execute the client’s operations and tasks. If the organization permits, then the assistant can also represent the client in their meetings.

Communication Services

Apart from an assistant, the client will also be provided with an executive who will perform the duties of a receptionist.

Mailing address

Virtual office space providers offer a mailing address where the clients will receive their physical mails and this is managed by them, saving you the trouble of coordinating back and forth.

Meeting Room Services

The virtual office provider will also set up meetings for the clients as and when required.

Cost Efficient

Compared to traditional offices, virtual office spaces are much more affordable whilst offering the same features as the former. This is one of the major points why such offices are rapidly gaining popularity today.

Easy Documentation

Your virtual office space provider also formulates necessary documents for registration such as No Objection Certificate, Electricity bill, Rent-Agreement, Signage, etc.

Further References

What is Virtual Co-working Space:

A virtual office is a workspace solution that allows entrepreneurs, freelancers to work whenever they want and from wherever they are. First pioneered by Servcorp about 40 years ago, the concept of this co-working space is getting attention to meet up with today\’s work demands. In an upcoming city like Pune, the number of start-ups and small businesses increase exponentially, and to cope up with such a demand for the concept of virtual office space can be a potential alternative. This allowed entrepreneurs, small businesses to have access to the advantages of established office space in your city or elsewhere that provides a better impression to the client. With this, one is allowed to get a prestigious address, administrative support, and local phone numbers, without committing to any dedicated office space. Whether you are a young team of enthusiastic entrepreneurs, freelancers, co-working virtual office space is a perfect place to start and grow.

Benefits of Virtual Coworking Space:

The other additional features that make this co-working space usable for like-minded, successful professionals to chase their dreams are;

• Professional mailing address, GST registration address, or business registration Address with local phone number
• Mail receipt and forwarding facility
• Dedicated receptionist for call answering and call forwarding and voicemail services
• Access to physical office space, including private offices and on demands conference/meeting rooms along with Access to all other office locations in the provider’s network
• Physical office space with essential business services including:
• High-speed WiFi
• Print/ copy/ scan / fax
• Audio & visual presentation hardware
• Basic catering facilities such as light snacks, coffee, and tea
• Occasional networking and social events to increase with the professional network

Virtual office space plans

The conceptualization of virtual offices began around the time of the industrial revolution in the 1960s and it has been evolving to suit each generation and its numerous requirements. There are five major virtual office space plans which offer different services to clients.

These are:

Office Address And Mail Forwarding:

In the virtual office plans, this is a low-cost entry. In this plan, the client will have a virtual address that can be displayed during registration, and in business cards, etc. This address will make a clear distinction between home and the office. The mail that is received for the client is sorted on a daily basis and forwarded to them on a daily, weekly, or monthly basis.

Virtual Office And Part-Time Workspace:

This plan offers the client a virtual address, mail sorting, forwarding with a certain amount of prepaid access to the workspace each month.

Generally, the client gets a certain amount of meeting room or private office time every month.

Virtual Coworking Office:

These days both the facets of coworking and virtual offices have combined and virtual office providers now offer this as a plan. The client gets a business address at a coworking office, sorting of incoming mail, prepaid access to shared coworking spaces and/or meeting rooms as well as mail forwarding in a few cases.

Virtual Address:

Most small companies or individuals opt for a virtual address to help register their company and use it as a mailing address. This is a low-cost option and a basis for registration.

Receptionist And Communication Services:

Most virtual office space providers offer this package which is opted for by several businesses. Generally, incoming calls are answered from Monday to Friday up to a set amount of time (usually counted in minutes).

As part of the plan, you will typically get a local or toll-free phone number along with VoIP phone service. The plans differ for each provider.

 

Virtual Office For Business Registration

The main reason why the address is a key requirement for registration is for the client to receive its official communication(s) from government bodies, with an official address for delivering legal notices and statutory mail.

The following documents need to be submitted to complete the chain of documents as this co-working space is treated as leased or sublet property:-

1. No-Objection Certificate (NOC) from the coworking space
2. Rent Agreement copy between operator and owner Lessee of the space
3. Light bill of the current owner of space
4. Coworking space or owner agreement copy

 

Virtual Office For GST Registration

You can easily get a GST registration for a virtual office. Before we move on to learn how to do this, let’s understand why this is necessary.

Why is A GST Registration Needed For Your Virtual Office?

1. Acquiring a GST Registration for your virtual office not only helps you expand your business across different states but is also a cost-effective method.
2. With a professional virtual office address, one will be able to register for GST for that location only.

How Virtual offices helps to get GST registration:

One can register for a GST number anywhere in India with the help of a Virtual Office. This is one of the best benefits it comes with. With a professional virtual office address, one will be able to register for GST for that location only. In that case, the following documents need to be submitted to complete the chain of documents as this co-working space is treated as leased or sublet property:-

1. Property tax receipt/ electricity bill in the name of the owner.
2. Rent Agreement copy between operator and owner Lessee of the space.
3. No-Objection Certificate (NOC) from the owner to Operator.
4. NOC from operator to the company/business availing GST Registration address.
5. Landline bill/broadband bill (i.e. any utility bill) in the name of the operator to confirm his operations at the premises.

Having all these documents will ensure that you have the complete set of documents that allow your business to use that particular workspace for GST registration. With a virtual office like Level 212, you will be provided with all necessary documentation like Electricity Bill, NOC, Signage, and Agreement to get your GST registration done as per your convenience.

When you have a virtual office space you needn’t go have a physical space outside. You can get your office space listed in your name which you can use only for GST registration and for mailing address. This will be your personal office space which exists only in the virtual zone and not physical office space.

So, overall, this virtual office gives you the freedom to start your business with zero sets up cost where you have not to spend money on furniture to computers, and you will be left with zero worries about spending money on maintenance issues, admin kinds of stuff, and other utilities. With the high demands for such co-working spaces, finding a perfect space with all necessary amenities in legitimate prices might seem to be a little confusing. Here, we will focus on one of the best co-working spaces in Pune; Level 212, going through this article will help you to have an informed decision about how this space fits your needs within your budget.

The three main reasons to choose Level 212 are;

• Main Business Centre of Pune
• Most Secured Access
• Premium Space

The following documents need to be submitted to the service provider, to complete the chain of documents as this co-working space is treated as a leased or sublet property:-

1. Property tax receipt/ electricity bill in the name of the owner.
2. Rent Agreement copy between operator and owner Lessee of the space.
3. No-Objection Certificate (NOC) from the owner to Operator.
4. NOC from operator to the company/business availing GST Registration address.
5. Landline bill/broadband bill (i.e. any utility bill) in the name of the operator to confirm his operations at the premises.

Where Level 212 Coworks Comes In

With a virtual office like Level 212, you will be provided with all necessary documentation like Electricity Bill, NOC, Signage, and Agreement to get your GST registration done as per your convenience.

To get in contact with Level212 coworking space, give them a call with your mobile number. The following details are to be presented:

1. Your Name
2. Company name
3. Your Address
4. When you plan to start
5. Your budget

We at Level212 Coworks strive to give you the environment that you deserve as you sit back and watch your business grow- leave the legal formalities to us and let us help you materialize your dream office.

 

Conclusion

In this blog, we understood what a virtual office is and how it works.

We then moved onto the features of virtual office spaces and gathered how a virtual address is one such important feature.

We later dwelled on different virtual office plans that are offered by different service providers.

Lastly, we learned about both business and GST registration for companies and the different documents required for both.

 

Further References

https://level212.in/how-virtual-coworking-space-helps-you-to-get-gst-registration-with-zero-investment-in-2020

https://cleartax.in/s/physical-address-business-registration

5 Types of Virtual Office Plans

 

Overview of Level 212:

Level 212, Established in the year 2019, January as a co-working space in camp, in one of the upcoming cities; Pune, belongs to the category of co-working space that can be used in the hire process.

This is the premium, fully secure, and ultimate one-stop destination that serves both the local customers as well as from any corner of Pune committed to providing a better co-working space to all its members by providing luxury amenities & top-class facilities apart from the basic facilities that are expected from a co-working space.

This place has already become a Launchpad for many budding freelancers, entrepreneurs & business owners. Over the course of its journey, the business of Level 212 has established a firm foothold in the virtual workspace industry. One of the main beliefs associated with this business is customer satisfaction. It’s got equal importance as their products and services.

This altogether helps this establishment to grow exponentially day by day and garner a large number of customers. This business employs individuals who are fully dedicated to their respective roles and put in the best effort to achieve the common vision and final goals of the company.

The business aims to expand its chains, line of products, services to a larger client base shortly. This establishment occupies the most prominent location in Camp, in Pune. That makes it an effortless job in communicating with various modes of readily available transport throughout the city. With all the amenities and basic work atmosphere structure, it is known to provide the best service in co-working space on hire services.

This is a very dynamic & young company focused on bringing the Freelancers, Entrepreneurs, Small Business Owners, Professionals, Corporate entities as well as SME / MSME to work under one roof that allows you to follow a common culture that encourages Co-creation  & Collaboration and help in bridging the gap between the like-minded young people.

No matter at what stage you are right now in your business or start-up, Level 212 will help you to go up to higher steps with time. It\’s a promise that if you have an idea, it will convert it into nosiness. If you already have a business, then it will help you to build on it. If you come with a readily set up business, Level 212 will help you increase your boundaries & expand your professional network along with enhancement in your vision. If you are a successful corporate enterprise, it can help you by providing a lively and energetic work environment to your employees that will readily increase productivity and also helps to reduce the cost of your enterprise.

The mission of Level 212: “To create a space which induces its members to go one level up.”

The vision of Level 212: “To have co-working spaces all across the globe wherein the members share a single platform which can fulfill all the requirements & needs within the community itself. In short, a self-sufficient & self-reliant community of members.”

 

Products and Services Offered:

Level 212 offers a premium quality co-working office space in Camp with a wide range of products and services to fulfill all the varied requirements of their esteemed customers. The staff at this establishment are polite, well-mannered, and prompt at providing any assistance. They can readily answer any questions or queries that you may have. And you can use any of the available modes of payment to pay for the product or service, such as Cash, Cheques, Debit Cards, Master Card, Visa Card, American Express Card, and Credit Card.

 

Pricing Details:

Starting at INR 4999 per seat, Level 212 comes with several packages to choose from. If you are looking for a quiet place to work as an individual, you can opt for a dedicated seat or a flexible seat as per your preference. You can also opt for their premium lounge which has comfy cushion chairs. If you have a big team, you can choose between a well-equipped private cabin or a shared cabin.

For the pricing details, here is the list that may help you out to decide, how pocket friendly this place can be;

Space Type	Capacity (Seat wise)	Daily Rate	Monthly Rate
Open Desk	70	INR 400	INR 7000
	8	INR 600	INR 12000
Private Room	3	INR 2000	INR 27000
	4	INR 3000	INR 36000
	6	INR 3500	INR 54000
	8	INR 4000	INR 72000
Meeting Room	6 (INR 350/hour)	INR 1500	—
	8 (INR 500/hour)	INR 3000	—

 

Explore the workspace options:

This establishment offers office Space Solutions for Every Size of Business. Let give a glance on the different workstation and the facilities, it provides;

1. Flexible Seat:

• First come first serve (as per availability)
• Dedicated Wi-Fi internet
• LAN Connection
• Cafeteria across
• Locker access
• Restricted access to events
• Best suited for Freelancers & Digital Nomads

1. Dedicated Seat:

• Fixed seating
• Free entry to events (Limited)
• Locker access
• Free Credits
• Access to curated business support services
• 2 Hour discussion room
• Best suited for Business Owners and Professionals

1. Premium Lounge:

• Luxurious cushion chairs
• Free credits
• Free access to Events
• Premium ambiance
• 3 hours Discussion Room

1. Shared Cabins:

• Filling cabinets & storage
• Private or Closed space
• Free Credits
• Free access to events
• 4 hours Discussion Room

1. Private Cabins:

• Access controlled cabin
• Fully furnished
• Free credits
• Free access to events
• Wooden Flooring
• Private air conditioning
• Visitor access

1. Virtual Office:

• Communication address
• Virtual office plus
• 5 days complimentary access (as per availability)
• Registered and communication address

The place provides a lively environment to its clients and is designed spaciously to give you more space that lets you work in comfort. Talking about the decoration of the place, it is painted with vibrant colors that surely emits positive vibes within this place. In Level 212, there is a common working space, private cabins, seminar room, meeting/conference rooms, and a very luxurious dining area where you can take a break from work for a cuppa coffee or enjoy your lunch with your teammates or collaborators.

Level 212, the most SECURE & PREMIUM Co-working space in Pune. They are a perfect mix of a vibrant community as well as an Executive Business Centre. It can be called as the latest and ultimate addition to the emerging world of shared office spaces & co-working. It’s located on East Street in camp, which is the business center of Pune since eternity.

They offer the following basic and paid amenities:

Office Amenities (Free)

• Air Conditioned Workspace
• Hi-Speed Internet
• Business Address
• Executive / Manager Cabins
• Leased Line
• Brainstorming Room
• CCTV
• Premium Lounge
• Conference Room
• Video Conferencing
• Personal Signage
• Pantry
• Reception
• Lift
• 24×7 Power-Backup
• Printer/Scanner
• Housekeeping
• 4 Wheeler Parking
• 2 Wheeler Parking
• Security
• 24×6 Access

Office Amenities (Paid)

(Value-added services will be provided on-call basis)

• Fully equipped Cafeteria with Tea/Coffee
• Projector
• Courier Facility
• Computer
• Locker
• Business Name Display At Reception

Address and contact details:

Level212 Coworks,

Parmar House 2413 East Street,

Exhibition Rd, Camp, Pune,

Maharashtra 411001

Timing:

            Monday – Saturday: 9.00 -19.00

Sunday: Closed