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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.
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?
- 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.
PENALTIES INVOLVED UNDER GST ACT
| Type of GST Offence | Applicable GST Penalty Amount |
| Delayed filing of GST Returns | Rs. 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 Returns | Higher 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 Fraud | Rs. 25,000 irrespective of whether offender is GST registered or not |
| Charging wrong GST | Higher 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 invoice | Higher amount among – Rs. 10,000 or 100% of tax amount due |
| Issuing incorrect invoice | Rs 2500 |
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FAQs on GST Registration 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.
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.
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).
Centre will levy and administer CGST & IGST while respective states /UTs will levy and administer SGST.
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.
The CGST and SGST rates will be levied by States and Central Government.
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.
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).
GST came into effect on 1st April, 2017.
Yes, B2B transactions are subjected to GST.
The taxes you pay on input goods/services can be used as an Input Tax Credit (ITC) against output tax liabilities.
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
Returns will trigger a tax credit, however, replacement products will be subject to GST, so cash flow may be impacted by returns.
No, we cannot claim GST interest refund after two years of payment
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.
Yes, PAN card is required to apply for GST.
Yes, GST is applicable from 1st July and the registration limit is until 31st Jan.
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.
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.
Yes, section 34 will deal with such situations.
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.
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.
GST registration can be done in three simple steps:
Application Drafting
ARN Number
Registered GST Number
No, a person without GST registration cannot claim ITC and collect the tax.
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.
No a person with no GST registration cannot collect GST.
No a person with no GST registration cannot collect GST.
No, the unregistered dealer cannot supply goods to other states if his turnover is below Rs 20 lakh.
No, you can directly apply for GST registration with the help of LegalDocs.
In case you have registered, then you need to file GST returns or else you can also choose to cancel the registration.
No, there is no such requirement for small retailers to buy from dealers/wholesalers.
GST has no implementation for EOUs (Export oriented units). As to whether they exist for any other purpose may be seen from the FTP.
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.
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.
The annual turnover should be above 20 lakh rupees
Yes, if you are eligible under every criteria for GST registration then you need to do the GST registration
Visit s4las.com website, where you can complete the registration process easier.
No, it depends on the business. It not necessary for a business to have a current account for GST registration.
No, It is applicable for only one registration but you can add multiple businesses while registration.
GST is not mandatory unless the annual turnover exceeds 20 lakh rupees.
Yes, GST registration is required for an E-commerce startup.
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.
No, for startup advertising firm GST registration is not mandatory.
Yes, a GST registration can be canceled.
No there is no requirement for GST registration if the annual turnover is below 20 lakhs.
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.
VAT registration is not required for 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.
If the income is above 20 lakhs then you need to register under GST for rental properties.
Until and unless the annual turnover is 20 lakh rupees you don’t need to apply for GST registration.
Visit s4las.com website and know the entire procedure to do GST registration.
If the transportation is done outside your state then you need to do GST registration.
If you have introduced your business in other states then you need to apply for GST registration in multiple states.
It depends on the annual income, if it exceeds 20 lakh rupees then you need to apply for GST registration.
No GST registration is not required if the equipment is imported for personal use.
Yes, the account number is mandatory for GST registration.
Yes, one mobile number is required for one GST registration.
Yes, if the annual turnover exceeds 20 lakh rupees the GST registration is compulsory for cloth commission agent or brokerage received from the supplier.