VPOB (Virtual Place of Business)
Overview
In the rapidly evolving digital landscape, businesses are seeking innovative ways to expand their reach and streamline operations. Enter the world of Virtual Place of Business (VPOB) and Additional Place of Business (APOB), the game-changers in the realm of e-commerce and GST registration.
What is VPOB?
Virtual Place of Business (VPOB) is a modern approach that allows businesses to have a professional address in a desired location without the need for a physical office space. It's a strategic solution for businesses, especially e-commerce platforms, to register for GST, partner with fulfillment centers, and operate in multiple states without the constraints of traditional office setups. VPOB offers the prestige of a prime business address, facilitating trust and credibility among clients and partners, while also providing flexibility and cost savings.
Importance of VPOB
VPOB is not just a concept; it's a strategic move for businesses aiming to penetrate diverse markets without the constraints of physical presence. Here's why VPOB is making waves:
GST Simplified: With VPOB, businesses can effortlessly register for GST in states where they don't have a direct presence, eliminating the complexities of multi-state registrations.
Enhanced E-commerce Presence: Partnering with multiple Fulfillment Centers (FCs) becomes a breeze with VPOB, ensuring faster deliveries and improved customer satisfaction.
Cost-Efficient: Say goodbye to hefty rents and utility bills. VPOB offers the prestige of a prime business address without the associated costs.
Benefits of VPPoB (Virtual Principle Place of Business)
12X Sales
Sell Your Inventory in 12 States, get Seller Priority, Better Reach, Fast Delivery & Increase Sales
Access 50+ FCs
Get access to Major Marketplaces Fulfillment Centres Across 12 States. Experience Growth in your Business!
12X Reach
Amazon/Flipkart's Algorithm automatically prefers sellers with More FC which means Same Day Delivery to Customers
Reduce Returns by 50%
Store Inventory in Amazon/Flipkart FC's get orders from Prime Customers and get rid of Logistics & Delivery Issues
VPPOB & APOB Registration Process for E-commerce Sellers
STEP 1: Discuss with our Experts
Get in touch with our Experts via Call, Whatsapp, Email and Share your Requirements
STEP 2: Finalise Quote
Get an Email Quote of VPPOB and Process Payment
STEP 3: Complete VPPOB KYC
Share Company Documents with our Team and Complete Agreement Signing and Documentation as per Government Norms
STEP 4: PPOB GST Application
Once Documentation is complete, our team will apply for GST Number for Each State
STEP 5: Amazon & Flipkart Warehouse Addition
Post GSTN Approval, our team will process Additional Place of Business Amendment
Why choose us for VPOB?
We have a proven track record of success. We offer a 100% GST approval guarantee because our VPOB premises are fully GST compliant. We have helped hundreds of e-commerce sellers expand their businesses to new states using VPOB.
We offer a wide range of services along with VPOB. We can help you with everything from registering for VPOB to GST registration.
We are committed to providing excellent customer service. We have a team of experienced professionals who are dedicated to helping our customers succeed.
We offer competitive prices. We are committed to providing our customers with the best possible value.
Required Documents for VPOB
Nature of Document | Proprietorship | Partnership | Private Limited |
---|---|---|---|
PAN | Yes | Yes | Yes |
Address Proof | Yes | Yes (of Partner) | Yes (of Director) |
Photograph | Yes | Yes (of Partner) | Yes (of Director) |
Cancelled Cheque | Yes | Yes | Yes |
MOA, AOA, COI | No | No | Yes |
Board Resolution | No | No | Yes |
Authorised Signatory Letter | No | Yes | Yes |
Partnership Deed | No | Yes | No |
Frequently Asked Questions
A Virtual Place of Business (VPOB) serves as a rented commercial space for sellers who want to establish their business in a different state where they don't have a GSTIN. Essentially, the VPOB functions as a virtual office for the seller, enabling them to acquire a GSTIN in a state where they don't have a physical presence.
For ecommerce sellers looking to grow their business in different states, having a Valid Point of Business (VPOB) is crucial. Without a VPOB, sellers would have to establish a physical presence in the new state to be eligible for GST registration. This could incur significant costs and require a substantial amount of time.
Additionally, not having a VPOB could also lead to compliance issues. By having a Valid Point of Business, sellers can ensure they meet the requirements of GST registration and avoid any penalties or legal complications.
Upon registering for VPOB, a seller will receive a virtual address in their desired state. This address will serve various GST-related functions, including filing returns and making tax payments. Additionally, the seller will be assigned a GSTIN specific to the state.
VPOB can be utilized by any ecommerce sellers aiming to broaden their business presence in another state. There are no limitations on the scale or nature of the businesses that can avail themselves of VPOB.
The benefits of using VPOB include:
Compliance: VPOB helps sellers to comply with GST laws in the new state.
Time savings: VPOB can save sellers time and money by eliminating the need to have a physical presence in the new state.
Convenience: VPOB makes it easy for sellers to register for GST and to file returns.
Scalability: VPOB can be scaled as the seller's business grows.
The cost of using VPOB varies depending on the state and the services offered. There are many service providers in India that offer VPOB services, but if you want a reliable and affordable service, you can consider thegstco.
To get started with VPOB, you need to contact us by phone, email or WhatsApp and we will register you for VPOB and get you a GSTIN for the new state.
Last updated