Best GST Registration n Delhi

Are Looking For To get GST Registration COnsultants in Delhi, Call Now or Fill This Form We are One of The Best GST Consultants in Delhi, 2500 + Happy Clients Pan India. Call Now & Get 10% Off on GST Registration Today Avail Offer Now!

one person company registration delhi

Fill Form To Get Free Consultation

I authorize Registration Filing to contact me.

Still Confused? Get Free Consultation From Experts Call on +91-11-45033837

GST Registration in Delhi Call 011-45033837 | Online GST Registration | New GST Registration in Delhi | GST Registration Process in Delhi | GST Registration Documents | GST Registration Fees

GST Registration in Delhi

The goods and services tax (GST) GST is an indirect tax that has replaced many Central and State taxes like excise duty, VAT and service tax and is a value-added tax levied on most goods and services sold for domestic consumption. The GST is paid by consumers, but it is remitted to the government by the businesses selling the goods and services. In effect, GST provides revenue for the government.

gst registration delhi
gst registration delhi

This tax came into applied in India July 1, 2017 through the implementation of One Hundred and First Amendment of the Constitution of India by the Indian Government. The tax replaced existing multiple Central and State Government taxes.

GST tax rates, rules and regulations are governed by the GST Council only which consists of the finance minister of central and all the states. GST is meant to replace a slew of indirect taxes with a unified tax and is therefore expected to reshape the country’s 2.4 trillion dollar economy. GST tax rates vary from 0% – 28% depending on the type of service or Nature of Goods Your business is selling.

 

What Are the Benefits of GST Registration in Delhi?

  • GST will implement a significant increase to the ‘Make in India’ initiative of the government by offering goods or services provided in India in the international and national businesses. Further, all imported or shipped goods will be debited with integrated tax (IGST), which will be more or less comparable to State and Central GST. This brings equity in taxation on social and imported goods.
  • Under the GST control, exports will be zero-rated in result, unlike the existing system where a record of some taxes is not approved due to the fragmented creation of indirect taxes within the centre and the states. All taxes returned on the goods or services consigned or on the input services followed in the number of such export products shall be delivered. The practice of exporting only the value of goods and not taxes would be completed. This will boost Indian exports, by increasing the stability of payments. Exporters will be promoted by the grant of a temporary or provisional refund of 90% of their applications within seven days of the control of acceptance of their application, through following in easing of trade regarding cash flows.
  • GST is expected to bring buoyancy to government taxation or revenue by expanding the tax base and improving taxpayer agreement. GST is expected to improve India’s ranking in the Ease of Doing Business Index and is supposed to boost the GDP (Gross Domestic Product) by 1.5% to 2%.
  • GST will reduce the cascading of taxes by executing a complete input tax credit method over the entire supply chain. The seamless availability of input tax credit behind goods or services, at each step of supply, will enable streamlining of business or company operations.
  • Uniform GST rates will reduce the basis for deception by decreasing rate arbitrage among the neighbouring states, intra-state, and inter-state transactions.
  • Common techniques for registration of taxpayers, the return of taxes, common tax base, uniform formats of tax return, and a common system of delivery of goods or services along with timelines for each activity will provide greater support to the taxation system.
  • All methods, be it of applying for registration, payment of taxes, filing of returns, filing of return claims, etc., would be made online through GSTN. The input tax credit will be verified online.

Who Should Register for GST in Delhi?

  • A person whose business or company turnover in a financial year exceeds Rs 20 lakhs.
  • If your turnover covers the supply of only those goods or services which are excluded under GST.
  • To examine this threshold, your turnover should incorporate the aggregate amount of all chargeable supplies, exempt supplies, the trading of goods and services and inter-state supplies of a person holding the same Permanent Account Number.
  • Where a company which is registered has been shifted to someone, the transferee shall obtain registration with effect from the date of variation.
  • Anyone who performs the inter-state supply of goods and services.
  • Non-resident taxable persons
  • Casual taxable persons
  • People who are paying tax under reverse charge mechanism
  • Agents of a supplier
  • Input service distributor
  • E-commerce executives or aggregators
  • The person providing an online report and database access or retrieval assistance from a place outside India to a person in India, other than a certified taxable person

Documents Required for GST Registration in Delhi:

Proprietorship

  • Aadhaar card
  • PAN card
  • Color photo
  • Company address proof (NOC/electricity bill/rent agreement, etc.)
  • Cancelled cheque or current bank account statement

Partnership Firm

  • PAN card of partners
  • PAN card of partnership firm
  • Colour photo of partners
  • Aadhaar card of partners
  • Business address proof (NOC/electricity bill/rent agreement, etc.)
  • Cancelled cheque or current bank account statement

LLP

  • PAN card of partners
  • PAN card of LLP
  • Colour photo of partners
  • Aadhaar card of partners
  • Business address proof (electricity bill/rent agreement/NOC etc.)
  • Certificate of incorporation
  • Current bank account statement
  • LLP agreement.

Company

  • Company PAN card
  • Aadhaar card of directors
  • PAN card of directors
  • Business address proof (NOC/electricity bill/rent agreement, etc.)
  • Current bank account statement/cancelled cheque
  • Colour photo of directors
  • MOA, AOA
  • Certificate of incorporation

IS SMALL BUSINESS REQUIRE GST REGISTRATION IN Delhi

1 If you are supplying goods or services outside your state which are taxable in GST, then you have to register yourself for GST if the amount of supply is even one rupee.

2 So, if you are renting your computers to a client outside your state for their personal use or supplying services outside your state, then yes you have to register yourself in GST and whole GST Act will be applicable to you accordingly i.e. you have to file GST returns and follow all the rules prescribed in GST Act.

WHAT ARE DIFFERENT TYPES OF GST REGISTRATION?

 

For GST registration, the dealer has the following options
  • Compulsory Registration: Under certain scenarios, the businesses have to get registration under GST.
  • Voluntary Registration: The business does not have the liability to register under GST, however, can apply for GST Registration. This usually is when the businesses are willing to take advantage of the Input Tax Credit facility.

   For GST registration, the dealer has the following options   Compulsory Registration: Under certain scenarios, the businesses have to get registration under GST.    Voluntary Registration: The business does not have the liability to register under GST, however, can apply for GST Registration. This usually is when the businesses are willing to take advantage of the Input Tax Credit facility.    Registration under Composition Scheme: Composition scheme is a voluntary and optional scheme for registering under GST. Under the composition scheme, the compliance is simpler and lesser returns are to be filed. The tax is to be filed at a fixed rate. If the business turnover is in between INR 40 Lakhs and 1.5 Crores, they can opt for GST Registration under Composition Scheme.    No Registration: In the case, when your business does not fall under the conditions for compulsory registration you do not require GST Registration.

  • Registration under Composition Scheme: Composition scheme is a voluntary and optional scheme for registering under GST. Under the composition scheme, the compliance is simpler and lesser returns are to be filed. The tax is to be filed at a fixed rate. If the business turnover is in between INR 40 Lakhs and 1.5 Crores, they can opt for GST Registration under Composition Scheme.
  • No Registration: In the case, when your business does not fall under the conditions for compulsory registration you do not require GST Registration.

PENALTIES INVOLVED UNDER GST ACT

Type of GST OffenceApplicable GST Penalty Amount
Delayed filing of GST ReturnsRs. 200 per day (Rs. 100 per day under CGST and an additional Rs. 100 per day under SGST) up to a maximum of Rs. 5000. Late fee not applicable to IGST unpaid by delayed filing
Not filing GST ReturnsHigher amount among  – Rs. 10,000 or 10% of tax due under GST
Committing Fraud
Higher amount among – Rs. 10,000 or 100% of tax due under GST (may include jail term for fraud cases of higher value)
Aiding and Abetting FraudRs. 25,000 irrespective of whether offender is GST registered or not
Charging  wrong GSTHigher amount among – Rs. 10,000 or 100% of the tax amount due (applicable only if excess tax is not submitted with the government)
Not issuing an invoiceHigher amount among – Rs. 10,000 or 100% of tax amount due
Issuing incorrect invoiceRs 2500

Call Us For Help on 011-450-33837

FAQs on GST Registration in Delhi

 

Which GST is suitable in Delhi?

The GST Council has installed Union Territory GST Law (UTGST) – which would be on par with SGST (State Goods and Tax Service). However, SGST can be practiced in union territories such as Puducherry and New Delhi, since both have their own legislatures, and can be recognised as “states” as per GST rule.

Can we get a GST number without running a business?

It is not compulsory to register a company or business to get a GSTIN number. You can make your GSTIN as a partnership or sole proprietor business as well.

What type of GST is proposed?

GST is differentiated in three different types CGST (Central Goods and Service Tax), SGST (State Goods and Service Tax), IGST (Integrated Goods and Service Tax).

Which authority will levy and administer GST?

Centre will levy and administer CGST & IGST while respective states /UTs will levy and administer SGST.

What is IGST?

An Integrated GST (IGST) would be levied and collected by the Centre on the inter-State supply of goods and services. The GST on supplies in the course of inter-state trade or commerce shall be levied and collected by the Government of India and such tax shall be apportioned between the Union and the States in the manner as may be provided by Parliament by law on the recommendations of the Goods and Services Tax Council.

Who will decide rates for levy of GST?

The CGST and SGST rates will be levied by States and Central Government.

How will imports be taxed under GST?

Import of goods will be treated under IGST (Integrated Goods and Service Tax), The incidence of tax will follow the destination principle and the tax revenue in case of SGST will accrue to the State where the imported goods and services are consumed. Full and complete set-off will be available on the GST paid on import on goods and services.

How will exports be treated under GST?

Exports will be treated as zero-rated supplies. No tax will be payable on exports of goods or services, however, the credit of input tax credit will be available and same will be available as a refund to the exporters. The Exporter will have an option to either pay tax on the output and claim refund of IGST or export under Bond without payment of IGST and claim a refund of Input Tax Credit (ITC).

When did GST come into effect?

GST came into effect on 1st April, 2017.

Will B2B transactions be subjected to GST?

Yes, B2B transactions are subjected to GST.

What is an Input Tax Credit?

The taxes you pay on input goods/services can be used as an Input Tax Credit (ITC) against output tax liabilities.

How can Input Tax Credits be applied?

Input tax credits can be used as follows:
CGST input tax credits can only be used to pay CGST and IGST
SGST input tax credits can only be used to pay SGST and IGST
IGST input tax credits can be used to pay CGST, SGST, and IGST

How and when should the returns be filed?

Returns will trigger a tax credit, however, replacement products will be subject to GST, so cash flow may be impacted by returns.

Can we claim GST interest refund after two years of payment?

No, we cannot claim GST interest refund after two years of payment

How does GST apply to business?

GST regulations are applicable if your annual turnover is Rs. 20 lakh or above. In case of North Eastern states (Arunachal Pradesh, Assam, Manipur, Meghalaya, Mizoram, Nagaland, and Tripura) and hilly regions i.e. Himachal Pradesh, Uttarakhand, Jammu & Kashmir, and Sikkim, the threshold limit is Rs. 10 lakh.

Is PAN required to apply for GST?

Yes, PAN card is required to apply for GST.

Is there any specific time period for GST registration?

Yes, GST is applicable from 1st July and the registration limit is until 31st Jan.

Who is a Casual Taxable Person?

If you occasionally make the supply of goods/services as a principal or agent or any other capacity, in a taxable territory, where GST applies but where you don’t have a fixed place of business. As per GST, you will be treated as a Casual Taxable Person.

Who are exempted from GST registration?

The following shall not be required to obtain registration and will be allotted a UIN (Unique Identification Number) instead. They can receive a refund of taxes on notified supplies of goods/services received by them:
Any specialized agency of UNO (United Nations Organisation) or any multilateral financial institution and organization notified under the United Nations Act, 1947 Consulate or Embassy of foreign countries
Any other person notified by the Board/Commissioner
The Central Government or State Government may be based on the recommendation of the GST Council, notify exemption from registration to specific persons.

Is there any provision in GST for the tax treatment of goods returned by the recipient?

Yes, section 34 will deal with such situations.

Are all goods and services taxable under GST?

All goods and services are taxable except alcoholic liquor. Petroleum crude, high-speed diesel, motor spirit (commonly known as petrol), natural gas and aviation turbine fuel shall be taxable with effect from a future date. This date would be notified by the Government on the recommendations of the GST Council.

What is meant by Reverse Charge?

It implies to settle Government obligation that is on the beneficiary of supply of goods and services rather than the provider of such products or administrations in regard to informed classifications of supply.

What is the registration process for GST in India?

GST registration can be done in three simple steps:
Application Drafting
ARN Number
Registered GST Number

Can a person without GST registration claim ITC and collect the tax?

No, a person without GST registration cannot claim ITC and collect the tax.

What is an aggregate turnover?

An aggregate turnover for a business in a financial year exceeds Rs. 20 lakhs is bound to register under GST. For the North-Eastern and hilly states, it is set at Rs. 10 lakhs.

Can a person with no GST registration collect GST?

No a person with no GST registration cannot collect GST.

If I buy raw material from a supplier unregistered under GST, do I have to pay GST in RCM and can I avail ITC of the same?

No a person with no GST registration cannot collect GST.

Can an unregistered dealer supply good to other states if his turnover is below Rs 20 lakh?

No, the unregistered dealer cannot supply goods to other states if his turnover is below Rs 20 lakh.

If I’m starting a new business today, do I still need to get TIN and then apply for GST? Or can I directly register with GST?

No, you can directly apply for GST registration with the help of LegalDocs.

A firm dealing exclusively in exempted products has GST registration. Does it need to file a return?

In case you have registered, then you need to file GST returns or else you can also choose to cancel the registration.

Is there any format for invoice under GST?

No, there is no such requirement for small retailers to buy from dealers/wholesalers.

Can tax pay in one State be used as ITC by the same firm in another State?

GST has no implementation for EOUs (Export oriented units). As to whether they exist for any other purpose may be seen from the FTP.

Who is the person liable to take a registration under the Model GST law?

No, if a firm is registered in more than one State, then each such registration will be treated as a separate registered person. Cross-utilization of credit available with two different registered persons is not allowed.

What is the annual turnover threshold limit for GST registration?

Any supplier who carries on any business at any place in India and whose aggregate turnover exceeds threshold limit as prescribed above in a year is liable to get himself registered. However, certain categories of persons mentioned in Schedule III of MGL are liable to be registered irrespective of this threshold.

Is GST registration necessary for bookseller?

The annual turnover should be above 20 lakh rupees

How to get GST registration for new business?

Yes, if you are eligible under every criteria for GST registration then you need to do the GST registration

Is a current account necessary for GST registration?

Visit s4las.com website, where you can complete the registration process easier.

Is two GST registration possible under one PAN card?

No, it depends on the business. It not necessary for a business to have a current account for GST registration.

Is GST mandatory for selling online?

No, It is applicable for only one registration but you can add multiple businesses while registration.

Can I raise GST invoice before GST registration?

GST is not mandatory unless the annual turnover exceeds 20 lakh rupees.

Is GST registration required for an E-commerce startup?

Yes, GST registration is required for an E-commerce startup.

When can be GST registration canceled?

The GST registration can be canceled in a few cases such as when the business is terminated or the business constitution is changed and not updated.

Is GST registration mandatory for a startup advertising firm?

No, for startup advertising firm GST registration is not mandatory.

Can a GST registration be canceled?

Yes, a GST registration can be canceled.

Is GST registration compulsory for an optical shop that has a turnover of under 10 lakhs?

No there is no requirement for GST registration if the annual turnover is below 20 lakhs.

How can I sell without GST?

If the annual turnover is below 20 lakh then you sell the product without GST and in case it exceeds 20 lakh rupees then GST registration is mandatory.

Is VAT registration required for GST registration?

VAT registration is not required for GST registration.

Does candle making business requires GST registration?

It does not matter what the business is, GST registration needs to be done if the business annual turnover exceeds 20 lakh rupees.

Is GST mandatory for rental properties?

If the income is above 20 lakhs then you need to register under GST for rental properties.

Do part-time bloggers need to apply for GST?

Until and unless the annual turnover is 20 lakh rupees you don’t need to apply for GST registration.

What is GST registration online procedure?

Visit s4las.com website and know the entire procedure to do GST registration.

Does a transporter requires GST registration?

If the transportation is done outside your state then you need to do GST registration.

Is it compulsory to take GST registration in multiple states?

If you have introduced your business in other states then you need to apply for GST registration in multiple states.

Is GST registration required for recharge coupon shop?

It depends on the annual income, if it exceeds 20 lakh rupees then you need to apply for GST registration.

Is GST registration necessary for importing equipment for personal use?

No GST registration is not required if the equipment is imported for personal use.

Is account number mandatory for GST registration?

Yes, the account number is mandatory for GST registration.

One mobile number is required for one registration?

Yes, one mobile number is required for one GST registration.

Is GST registration compulsory for cloth commission agent or brokerage received from a supplier?

Yes, if the annual turnover exceeds 20 lakh rupees the GST registration is compulsory for cloth commission agent or brokerage received from the supplier.