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Being a franchise, what will be the impact of GST on my business?

As you are that the registered office has reduced the rate of royalty and the rate of GST is now 2% instead of 15%. This will be applicable when you will sign a new agreement with registered office. There after you will enjoy double benefits from 1st july, 2017.

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Does ABC Playschools Provide Receipt Books?

Yes, We will provide you the Receipt Books. Only the information you need to provide us are follow:
• Name of your Society
• Copy of Society Registration Certificate
• Copy of Society Papers
• Copy of PAN CARD Of Your Society
• Copy of Firm Registration and other details
• Copy of PAN CARD Of Your Firm.
By default you will get 20 Receipt Books (10 for Society & 10 for Firm)

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How long will this Royalty module (new Royalty percentage & 12% of service Tax) continue?

Royalty rates will remain fixed for the next 5 years. But GST rates that have been decided by the government can be increased or decreased by it.

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I am already running my school through a society then what do I need to do?

As per the old agreement the royalty is more. You need to draw up & sign a new agreement with us because your Royalty rate for the new agreement has been reduced.

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