Introduction on how to start a GST Suvidha Kendra Franchise (Cost to Start)Â
It has been two long years that GST or ‘Goods and Service Tax’ was executed in overall India. The aim of implementing GST is to categorize all the other taxes under one tax. Soon after the implementation of GST, people associated with business from small business owners to prominent industrialists started founding were felt very confusing and little complex regarding how it operates.
Idea to start a GST Suvidha Kendra Franchise in India
To make it simple, there is an idea to provide a help center and simplify the complexity of filing GST and thereby possibly earning money through it. In this blog, you will know the procedure details to start with GST Suvidha Kendra Center Franchise.
What is GST Suvidha Kendra?
The GST Suvidha Kendra is a place where GST related facilities are given to the people. The ‘people’ refers mostly to business people and industrialists. The organization backs the center that deals with GST; the centers are the organization franchise partners. To purchase the franchise, you must meet the following criteria.
Eligibility to apply for GST Suvidha Kendra Franchise
Some criteria must be fulfilled to start the GST center. The requirements do not demand you to be an expert in GST, but yes, there are few prerequisites.
Even though you may not have complete knowledge of GST, that does not mean that you are ignorant. Regarding education, it is mandatory to complete the 12th class to open a center. It would help if you had a basic idea on accounts to direct people regarding GST.
Criteria for the GST Suvidha franchise
To keep the office, you require space where you can settle and deliver the service to people. You must obtain an office space of minimum 100 to 150 square meters along with that you require a computer and an internet connection, scanner, printer, and related devices. If you feel that it is difficult to operate the office alone, you may hire 1 to 2 people who have a basic idea of data entry, GST, and accounting.
Requirements to open the GST Suvidha Kendra
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The below are the requirements for starting GST Suvidha Kendra Franchise-
- Space of 100 Sq. feet for office set-up
- 2 Laptop or 2 Computers
- Dedicated Resource for Filing GST
- Internet Min.4 Mbps Speed
- Printer
- GST Knowledge is needed
- 2 Operators with basic account knowledge and typing speed
Benefits of opening a GST Suvidha Kendra
There are many advantages of starting a GST Suvidha Kendra, and among several benefits, the noteworthy one is you start it near your home in your city. You can assist the individuals in your town and need not move out of the residential village. You must spend only on some equipment and for arranging a little area to set an office. Through this service, not only the individuals, but you also will be profited by earning income. You can charge fees for the service, and gradually, in the long run, it could be the chief option for earning livelihood for you if you are doing hard work and making customers happy.
Services provided at the GST Suvidha Kendra
In case you are thinking about what sort of service you can offer then here it is-
People often feel trouble while filing GST returns, and you, as a GST service provider, can aid them in filing the returns. To apply, you can help them in accounting, income tax audit, bookkeeping, CA certification, and other aspects.
You can also provide scanning photographs, pay electricity bills, prepare digital signature, mobile recharge, DTH recharge, PAN Card application, etc. You can also offer facilities like e-ticketing for trains and flights, utility bills, and general insurance to sustain money flow.
Cost or Investment to start GST Suvidha Kendra
To set up an office, you must invest capital at the beginning stage. To organize office space and associated things, you require Rs. 40,000 to 50,000 only. So, the Cost to start GST Suvidha Kendra Franchise is Rs. 1 lakh.
How to make money from the GST Suvidha Kendra?
Like any other business, you must be patient to obtain money as it will gain you more after some time. The exciting aspect of this business is you can earn money from low investment so you must keep small targets at the beginning concerning your capital. However, you can gain money in two means- if you have obtained the center’s franchise, then you will earn money by the commission that will come after providing GST related service. The other way is if you can provide additional services apart from with GST service, then you can gain extra over the GST service through it.
List of companies that provides the GST Suvidha Kendra Franchise
To open the GST facility center, you must take the permission of the GST facility provider. It would help if you approached an agency that offers franchises, and all the organizations are supposed to connect with the GST network. There are companies such as Vakranji, CSC, VK Venture, and VanWeek Tech Solution, which offer the franchise GST center facility. Apart from those, some agencies like to associate as partnerships, and some of the essential companies are Master GST, Master India, Botry Software, and Vape Digital Services.
Procedure to apply for the GST Suvidha Kendra
- To obtain the franchise for opening a GST Suvidha Kendra, you must apply online.
- It would better if you visited the official homepage for the GST Suvidha Kendra franchise and then should go to the website. There you select on the contact menu.
- After clicking on it, you will see a new page where you should fill in the form with correct information. You must give the information about the area you have chosen to open the office to fill in the application form.
- After filling the application form, you should submit the form online. Your form will be scrutinized, and once it gets approved, you will get a call from the nearby company.
- You must prepare a demand draft of Rs. 20,000 to purchase the franchise. The franchise should comprise a training session and the required equipment for the office.
- In this manner, you can open an office to offer a GST facility to the public in your area. And it is unnecessary to say that it is an effective idea to start it as a business because much of investment is unnecessary and you will aid the public regarding tax.
How can you earn from the GST Suvidha Kendra Franchise
For the GST invoice, the agency will get about 300 rupees, and you will acquire the commission that will be about 30% to 40% of the total service charge. If you do GST registration for a new GST number, then the agency shall gain 750 rupees, and you shall get 30% to 40% of the charge.
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