The implementation of Goods and Services Tax (GST) in India in July 2017 brought about a significant change in the country’s taxation system. The new tax regime simplified the tax structure by merging several indirect taxes into one single tax, and it brought about a lot of opportunities for entrepreneurs and investors. One such opportunity is the GST Suvidha Kendra franchise, which is a highly lucrative business model in India.
In this blog post, we will discuss the GST Suvidha Kendra franchise and how it can be a profitable venture for those interested in investing in a business that is in high demand.
What is a GST Suvidha Kendra?
GST Suvidha Kendra (GSK) is a one-stop solution for all GST-related services. It is a franchise-based model that provides various services related to GST. Such as GST registration, GST return filing, GST compliance, GST migration, GST advisory, and other services. It is a platform that helps businesses comply with GST laws and regulations in a hassle-free manner. It is an initiative taken by the Government of India to provide GST-related services to businesses and individuals.
The main objective of the GST Suvidha Kendra is to help businesses and individuals with the process of GST compliance. The franchisee provides services to clients who need assistance in GST registration, GST return filing, and other GST-related activities. The GSK franchisee needs to have a sound understanding of the GST laws and regulations to provide quality services to the clients.
also read here: 10 Benefits of Using Open AI in Web App Development Agency!
Benefits of owning a GST Suvidha Kendra franchise:
- High demand: With the implementation of GST, there is a huge demand for GST-related services. Businesses and individuals are looking for reliable and trustworthy service providers to help them comply with the GST laws and regulations. The GST Suvidha Kendra franchise provides a one-stop solution to all GST-related needs, which makes it a highly demanded business model.
- Low investment: The GST Suvidha Kendra franchise has a low investment requirement, which makes it an attractive option for those who want to start a business with limited funds. The franchisee needs to invest in the infrastructure, equipment, and staff, and the franchisor provides the necessary training and support.
- Government support: The GST Suvidha Kendra is an initiative taken by the Government of India, which means that the franchisee will receive support and assistance from the government. The franchisor provides the necessary training and support to the franchisee, and the government provides the necessary assistance to help the franchisee comply with the GST laws and regulations.
- High-profit margins: The GST Suvidha Kendra franchise has high-profit margins, which makes it a lucrative business model. The franchisee can charge a fee for the services provided, which includes GST registration, GST return filing, GST compliance, GST migration, GST advisory, and other services.
- Brand recognition: The GST Suvidha Kendra franchise is a well-known brand in India, which means that the franchisee will benefit from the brand recognition. The franchisor provides the necessary marketing and advertising support to help the franchisee attract clients and build a brand image.
Get complete info:Best Small Business Idea Under 1 Lakhs Investment
How to start a GST Suvidha Kendra franchise?
Starting a GST Suvidha Kendra franchise is a straightforward process. The franchisee needs to follow the following steps to start a Kendra:
Step 1: Research the market and location: The franchisee needs to research the market and identify the location for the franchise. The franchisee needs to find a location that is easily accessible and has a high footfall.
Step 2: Contact the franchisor: The franchisee needs to contact the franchisor and express their interest in starting a franchise. The franchisor will provide the necessary information about the franchise and the investment required.