What is GST Suvidha Center Franchise?
GST center is ones gateway which is helping to SMSE small and medium entrepreneurs, shopkeepers, individual with turnover above 20 lakhs to file their GST returns on time at a much lower fee charged by tax professionals in India 2020.
For better understanding, now understand with an example of an entrepreneur Mr. suraj kamat. Suraj is keen to start a small business without any proper guidance knowledge of various legal documents needed. He asked for his friends’ opinion and was he was referred to a Tax adviser who helped him out with a company & GST registration process.
In this whole process, Suraj has to deal with so many things: TAN, PAN, DSC, DIN, GST or GSTIN etc. He had to spend lots of time, money and energy behind this lengthy process. He had to pay different fees for the same document as he dealt with several people engaged.
Even Suraj was not sure about certain things related to GST services but he did not get help until he ended up paying GST Registration and Monthly GST Returns filing. As a result, he filed it with lesser accuracy. this is common picture in India nowadays. Right?
Suraj has not started business properly and he has to deal with compliance which is a regulation but in this whole process, if Suraj could have found a Single Economic Service Facilitation GST Centre which could help him out from start to end in a timely manner, he could have saved lots of money and a lot of time, which is more precious.
Many of us may have faced the same problems which Suraj faced, right? whether it is GST returns filing or income tax return, the things are not so easy for us.
Starting your own venture is not an easy task. You need a lot of guts, courage and strength to quit your well-paid job and start your own business from scratch. You need to be committed, determined and confident towards his/her goals. You need to convince yourself that there is an immense need for this product/services in the market and you are the best person to build it.
Any individual who is an Indian citizen can start GST Suvidha Center & help other business enterprises
GST Center is the GST Facilitation centre appointed and approved by GSPs. Any Indian citizen can start GSC to serve the businesses of any size. GST Suvidha Center Helps work towards their GST compliance needs in a cost-effective manner. Seasonal Businessmen and Casual Taxpayers can also get advantages of these centres and comply with GST very easily.
GST Center will help the Indian government to simplify the process and remove hurdles and harassment faced by individuals, small and medium-size business and traders while filing good and service tax (GST) returns. This efficient and effective concept of GST Suvidha Kendra is on massive expansion as a GST franchise Provider model.
These GST centres have potential to be the drivers to India’s biggest tax reform an unprecedented success, It’s low-cost model promise to reduce the cost and burden of filing GST returns and hence cover the large part of in u registered business units.
Current scenario of India depicts that a small businessman is totally confused with GST Registration, GST Returns, EWAY bill & all other GST compliances At the same time it s not affordable to them to hire a highly valued service of professional tax consultant like CAs as its not everybody’s cup of tea. So either, they do not apply for GST Registration because of lack of knowledge or search for economic solutions.
The government website (GSTN) crashes many a time when it comes to returning filing due to heavy load and there are lots of validation which may swipe your page out even if you do everything correctly. The fixed cost of computers and variable cost of employees with requisite skills are also causes of a big resistance to GST’s adequate execution. GST Suvidha Center eliminates this by reducing costs, providing big relief to small business with lower boundary point for GST registration, that is above Rs.20 lakhs. Every taxpayer now have the option of GST Center near him/her at very nominal rates.,
The GST system has G2B portal for taxpayers to access the GST system but it runs through a third party application provider that is GST Suvidha Provider that eventually connects to the GST server.
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