Tag: ppob

Are you about to launch an online business or a start-up, it’s time to acquire official GST registration for that, you need a physical address of your office. One of the problems people face when deciding to start their own business is finding a place for them to call home.

The first and most important step you should do for your business is to register it with government records or provide proof that you are beginning a business that will benefit not only you, but also the city, state, or even the country. If your business is subject to GST, then having a business GST registered is critical to avoiding any unexpected fines. A significant number of documents are necessary for GST registration.

What are the benefits of APOB and PPOB

The most significant document you will be required for GST registration is your business must have a physical operating address. It serves as the company’s headquarters or primary location and is commonly known as PPOB (Principal Place Of Business). If you have any business expansion plan then after getting PPOB you can get APOB, this stands for Additional Place of Business.

A small company that opens a home office can choose to go the route of formal offices, but many start-ups & businesses opt for a virtual co-working or office space instead because of its treasure benefits. One such benefit that virtual offices provide is physical PPOB & APOB addresses. These “virtual offices” allow entrepreneurs to feel like they have an office virtually but still utilize the necessary office amenities.

How does Virtual office help with GST registration

In this digital age, many businesses do not require a headquarters or a main office to run their operations. It is now feasible to work from home and hold virtual meetings. They can choose to work at a remote office or in a location of their choosing. They do not require an office, but the legislation cannot be amended to accommodate them. All they want is a physical location for their business, and Virtual Office is the ultimate solution.

Virtual offices assist in saving traditional office rents and provide a physical address at the lowest price possible. So why rent the whole office space just for an address? Now, the needs of the business owner are met with the help of a virtual office without the need for physical space. With this Virtual PPOB, you can operate your business from wherever you are with the staff being remotely located in the same office.

Digitalization has made it easier, safer, and faster for businessmen to start and operate a business, entrepreneurs can register their businesses with help of a virtual PPOB & APOB office to get a chance to start a new project within a 5-minute walk from home, sitting in front of the laptop, your phone, or a tablet.

Conclusion

For SME business businesses that cannot afford a physical office, the virtual office for GST registration is highly low cost and lucrative. Even for large business firms, maintaining various office premises across India would cost a lot of money. Having a good location virtual office address in several states will aid in expanding company areas and growing business earnings.

And, if you are looking for a virtual office, Premisin is the leading, trusted name in the market.

To understand the purpose of virtual offices. First, we need to know

What is PPOB and APOB?

PPOB stands for Principal Place of Business. Every company may it be big or small/ brand new or age-old needs to have a PPOB (principal place for their business) which acts as a headquarter or the prime location of their business. This PPOB has to be registered under GST. It can be a warehouse, office which is your physical address of the business. A company can only have one PPOB in a state. APOB stands for Additional Place of Business. There is numerous large-scale business and some small-scale business which requires more than one place of business. You can have several APOBs in a state. Like Amazon, Flipkart, etc.

Why PPOB is important?

It is a legal requirement for every company to provide a physical address for their office in order to register their business. So having a PPOB is mandatory. If you are planning to start a business you have to register your company. When registering, you must provide the physical address of the office. Even if the registered office is not the main site where all the work is carried out it is needed for receiving official mailings and keeping official records of the company.

How can Virtual Office be a solution for PPOB and APOB?

In this digital era, there is numerous business that doesn’t need a headquarter or the main office to facilitate their business. It is the time where people can work from home and carry out meetings digitally. They can prefer to work in a remote office or in a place of their choice. They don’t need an office however the law can’t be changed for them. All they need is a physical address for their office and the solution is Virtual Office.

 Virtual Office unlike its name doesn’t mean an online office but rather a location that assigns their address to the business for GST registration. For your business, the virtual office can be PPOB or APOB. It can bear a good reputation to the business due to its location. It is cost-effective and provides various other facilities like meeting room service, assisting (they can represent an employee on the company’s behalf to meet specific clients) and receiving emails, etc.

Like Premisin provides meeting rooms for private meetings, it also provides concierge services for companies.