GST Registration in DELHI

@ 1,000/- Only

GST Registration In Delhi

Goods and Services Tax (GST) is an indirect tax in India on selling goods and services. It is a value-added tax on most goods and services sold for personal and business use. Consumers pay the GST, but businesses that sell goods and services send it to the government. Under the GST, there are three different categories of taxes: CGST, SGST, and IGST. It implements them to make the tax system easier to understand and ensure people follow the tax laws. GST registration is required for all businesses with more than Rs. 40 lakhs annual revenue.

What Is GST?

GST stands for “Goods and Services Tax.” It’s an indirect tax levied on the supply of goods and services in India. It’s a comprehensive tax levied on every value addition, from the manufacturer or service provider to the consumer.

A value-added tax, GST, is collected at final consumption. It is a tax collected at each point in the supply chain. The businesses involved in the supply of goods or services collect and remit the tax, but the end consumer is responsible for paying it.

The GST system has made India’s tax system easier to understand and more accessible for businesses. It has also helped eliminate the way taxes used to keep going up and up in the old system. Overall, the GST has created a more efficient and transparent tax system in India.

Benefits Of GST Registration in Delhi

1. Legal recognition: A business’s Goods and Services Tax Identification Number (GSTIN) is required by several GST laws and rules when registering for GST. It also recognizes a business, making entering legal contracts with other businesses and government agencies easier.

2. Increased credibility: GST registration adds to the credibility of a business. It indicates that the business is registered with the government and follows all applicable tax laws.

3. Access to input tax credits: Businesses that sign up for GST can get a refund of the taxes they paid on purchases by claiming the input tax credits. It means a business can claim a credit for the tax paid on the inputs used to manufacture its goods or provide its services. It reduces the overall tax liability of the business.

4. Business growth: GST registration also allows a business to expand into other states in India. With a GST registration, businesses can quickly sell their products or services across state borders without worrying about multiple taxes and compliance issues.

5. Compliance requirements: Registering for GST also makes it easier for businesses to follow the different laws and rules about GST. Registered businesses must file regular GST returns and keep good accounting records, which helps ensure they follow the law. 6. Competitive advantage: Finally, GST registration provides a competitive advantage to a business. It makes it easier for businesses to operate in the market, especially when competing with unregistered businesses that are not eligible for input tax credits and may not follow all the applicable tax laws.

Eligibility For GST Registration In Delhi

  1. Threshold limit: Businesses that make more than Rs. 40 lakhs in sales yearly must sign up for GST. On the other hand, the limit for businesses in states in a particular category, like the North Eastern states, is Rs. 20 lakhs.

  2. Interstate sales: No matter how much money a business makes, it must sign up for GST if it sells goods or services across state lines.

  3. Voluntary registration: Businesses with a turnover below the threshold limit can also choose to sign up for GST independently. It can have several benefits, like claiming input tax credits and making the business look more professional.

  4. Mandatory registration: Some businesses must sign up for GST even if their sales are below the threshold limit. It includes businesses that sell across state lines, those that do e-commerce, and those registered under other tax laws like excise, service tax, or VAT.

  5. Valid PAN: For a business to sign up for GST, the Income Tax Department must give a valid PAN (permanent account number).

  6. Aadhaar verification: The person registering for GST must verify their Aadhaar card details.

  7. E-commerce Sellers: As an e-commerce seller, you must register for GST, no matter how much money you make. E-commerce platforms must collect tax at the source (TCS), which you can use to lower your GST liability.

  8. Casual Taxable Person: You can sign up as a casual taxable person if you run a business that is only open seasonally or for a short time. In this case, you have to sign up for GST before you can start doing business.

  9. Non-Resident Taxable Person: If you are a non-resident taxable person (i.e., someone who does not have a place of business in India), you need to register for GST if you are involved in any business activity in India.

  10. Input Service Distributor:  If you are an input service distributor (ISD), you must register for GST. An input service distributor (ISD) is a business that gets invoices for input services and gives credit to its branches or units.

Process Of GST Registration In Delhi

    1. Visit the GST portal: Go to the GST portal (gst.gov.in) and click on the “Register Now” button.

    2. Fill out the registration form: Fill out the registration form with the required details, such as the business name, PAN, email ID, and mobile number.

    3. Verify your details: After submitting the form, you will receive an OTP on your registered mobile number and email address. Use this OTP to verify your details.

    4. Provide additional details: After verifying your details, provide additional information such as the nature of your business, place of business, bank account details, and business documents such as a PAN card, an Aadhaar card, and photographs.

    5. Complete the application: Once you have uploaded all the documents, you must sign the application using a digital signature certificate (DSC) or Aadhaar OTP.

    6. Receive the GST registration certificate: You will receive an acknowledgment number after applying. The GST officer will then verify your application and documents. If everything is in order, you will receive the GST registration certificate.

Types of GST Registration in Delhi

    1. Regular GST registration: This type of registration is for businesses with a turnover exceeding Rs. 20 lakhs per annum (Rs. 10 lakhs for certain states and categories of businesses). It is the most common type of registration.

    2. Composition scheme Registration: This scheme is available to small businesses with a turnover of up to Rs. 1.5 crores. Under this scheme, they must pay a fixed tax percentage on their turnover and cannot claim the input tax credit.

    3. Non-Resident GST Registration: This type of registration is for non-resident taxable persons who supply goods or services in India but do not have a fixed place of business in the country.

    4. Casual taxable person registration: This type of registration is for businesses not registered in India but make occasional taxable supplies there.

    5. GST voluntary registration: Businesses that do not have a turnover exceeding the threshold limit for registration can opt for voluntary registration to avail of the benefits of GST and be eligible for an input tax credit.

Documents required for GST Registration of a Partnership firm

  • Aadhaar card/ passport of all the partners
  • PAN card of firm
  • Photograph of the partners
  • Partnership Deed / Certificate of Partnership
  • Letter of Authorization
  • Bank statement or a cancelled cheque
  • Own office: Sale deed, copy of electricity bill/water bill/landline bill/ property tax receipt/a copy of municipal khata
  • Rented or leased office: Electricity bill or Rent/lease agreement and NOC (No objection certificate) from the owner.

Documents Required For GST Registration In Delhi

    Sole proprietorship or Individual
    • Aadhaar card/Passport of Individual
    • PAN card for each individual
    • Photograph of the sole proprietor
    • Own office: sale deed, copy of electricity bill/water bill/landline bill/ property tax receipt/a copy of municipal khata
    • Rented or leased office: Electricity bill or Rent/lease agreement and NOC (No objection certificate) from the owner.
    • A bank certificate by ANF 2A(I) or a cancelled check

Documents required for GST Registration of Private Limited / Public Limited / One Person Company

  • Aadhaar Card & PAN Card of directors
  • PAN Card of Company
  • Photograph of Directors
  • Certificate of Incorporation
  • Memorandum of Association(MOA)
  • Article of Association (AOA)
  • Copy of Resolution passed by BOD
  • Bank statement or a cancelled cheque
  • Own office: Sale deed, copy of electricity bill/water bill/landline bill/ property tax receipt/a copy of municipal khata
  • Rented or leased office: Rent/leased agreement and Electricity Bill/Water Bill.
*Rent/lease agreement and Electricity Bill/Water Bill.

Documents required for GST Registration of a Limited Liability Partnership

  • Aadhaar cards and PAN cards of all the partners
  • PAN card of LLP
  • Photograph of all the partners
  • Certificate of Incorporation
  • LLP Agreement
  • Letter of Authorization or Copy of Resolution passed by BOD
  • Bank statement or a cancelled cheque
  • Own office: Sale deed, copy of electricity bill/water bill/landline bill/ property tax receipt/a copy of municipal khata
  • Rented or leased office: Rent/leased agreement and Electricity/Water Bill.
*Digital Signature (DSC), if available, of the authorized signatory.

Why Alonika

Alonika ensures satisfaction, timely delivery of the GST Registration Certificate, and better dealing with government requirements. Contact our expert professional team of Chartered Accountants, Company Secretaries and Lawyers to get GST Registration in Delhi. Alonika provides GST registration in Delhi at the lowest possible cost, and complete the work efficiently without any hazel. Alonika also helps in all other works related with GST such as Accounting, Invoicing, Return Filing and Waybill generation etc.