Going by the new recommendations by the Government, a business entity can use the services of an approved third-party agent who, in turn, can monetize and earn a profit through fees. Following this announcement, the industry is getting tense about opening GST franchises in India. This article points out some more reasons why you should rent your own GST Suvidha Kendra in India.
What is GST Suvidha Kendra?
GST Suvidha Kendra is a unique concept introduced by the government of India to make the process of GST Registration simpler. It is known as GST Application Center or SUGAM (Small Unit General Administration Module) Application Center.
As per the instructions given by the government, all businesses having an annual turnover of less than Rs 5 crore will be allowed to file tax returns through this portal only. In case the business has an annual turnover of less than Rs 20 lakhs, then he has to pay taxes through this portal only. The process of filing returns can be made online from anywhere in India.
GST Suvidha Kendra Franchise Business Model
The franchisee will have to pay a franchise fee of Rs 1 lakh for each center that he opens. He will have to provide infrastructure like computers and internet connection at his own cost in order to run his franchise business successfully. If we talk about his investment, then it would be around Rs 3 lakhs for setting up one center including furniture and other necessary things like computers, etc.…
The benefit of Opening GST Suvidha Kendra Franchise
1. You don’t need to have any technical knowledge or expertise to operate this franchise. You just need to know the basic process of managing it and you will be able to run it smoothly.
2. It is an easy way to start your own business without investing much money, time, and effort.
3. You can earn a decent amount of profit from this franchisee as well as gain valuable experience in running a business on your own.
4. You will get trained by experts before opening your center so that you can provide maximum services to customers in the minimum time frame.
5. The franchise fee is low compared to other businesses like retail outlets etc. where you have to invest heavily in infrastructure and other expenses related to it but here there is no need for heavy investment as everything is taken care of by the company itself and hence there will be no burden on your pocket while starting up a new business venture with them.
The process to Open a Center
The process for opening GST centers is quite simple and straightforward if you have all the required documents ready with you. You just need to register with the local authorities concerned before opening your own center. You can also choose from among a wide range of services offered by various franchises available across India or even abroad as well if you wish so and are willing to invest in the same. The process for opening a GST center is as follows: –
1. Fill up the application form at https://www.gstsuvidhacenters.com/apply
2. You will get a call from their nearest centers
3. Executive will appoint you. They will discuss all the necessary details.
Conclusion
The GST Suvidha Kendra is the place where taxpayers and business people, who are registered under the GST system can easily get their problems solved. This one is in the form of a government center, which is run by an expert team of personnel who are trained for this particular task. To know about how to open India’s first GST Suvidha Kendra, you might need to read this article further.
Also Read: Why Study Geography? Things to Know Before Choosing a Major
