GST Registration In Delhi

GST is an indirect tax reform in India. It was introduced on 1 July 2017. It replaces excise duty, service tax, and value added tax (VAT) with a unified tax system. GST is a digital version of VAT that allows you to track goods and services. VAT and GST have the same tax slabs. The GST Act of 2017 allows the Central Government to impose and collect taxes on the sale of goods or services within a single state. It covers all aspects and matters related to this taxation framework.

Introduction

The Goods and Services Tax (GST) registration process in India, Delhi, aligns with the national framework established by the Indian government. It involves submitting a PAN card, proof of business registration, bank account details, and address proof. Once registered, entities are assigned a unique GSTIN (Goods and Services Tax Identification Number).

GST registration in Delhi plays a pivotal role in fostering economic growth within the state. By requiring businesses to register for GST upon exceeding the set turnover threshold, the tax system aims to establish fairness and formalise the economy. This formalisation boosts tax adherence, significantly bolstering the state's revenue. As more Delhi-based enterprises enrol in GST, it streamlines inter-state trade, diminishing hurdles and broadening market reach.

Did You Know:
The estimated expenditure (excluding debt repayment) for 2023-24 is projected to be ₹73,760 crore, indicating an 8.8% increase from the revised estimates of 2022-23.

Benefits of GST Registration in Delhi

Interstate Transactions

GST registration enables businesses in Delhi to conduct seamless interstate trade without multiple taxes. It simplifies taxation on goods and services moving across state borders, promoting easier commerce.

Input Tax Credit (ITC)

Registered businesses can claim input tax credit on the GST they've paid on their purchases. This helps reduce the overall tax liability, improving profitability and competitiveness.

Legal Recognition

GST registration process lends legal recognition to a business, enhancing its credibility in the market. It also allows access to various government tenders and contracts.

Threshold Exemption

Small businesses can benefit from the threshold exemption limit, allowing those with a turnover below a specified limit to be exempt from GST registration. This assists in reducing compliance burdens for smaller enterprises.

Compliance and Penalties

GST registration ensures compliance with tax laws. Non-registration or non-compliance can lead to penalties. Being registered ensures adherence to tax regulations, avoiding legal issues.

Eligibility Criteria for GST Registration in Assam

• Turnover exceeds a prescribed threshold (₹10 lakhs for Andaman and Nicobar, except for special category states)
• Inter-state taxable supply, casual taxable persons, non-resident taxable persons
• Required to pay tax under reverse charge
• Voluntary registration for availing input tax credit or business expansion.

Who Is Required to Register for GST in Delhi?

• Individuals engaged in occasional or seasonal business activities requiring GST registration
• Individuals not residing in India but involved in short-term business transactions requiring GST registration
• Businesses engaged in the supply of goods or services across different states in India
• Individuals or entities representing a registered taxpayer in their business transactions
• Businesses operating online platforms facilitating the buying and selling of goods or services
• Entities responsible for deducting or collecting Tax Deducted at Source (TDS) or Tax Collected at Source (TCS)
• Individuals or businesses selling goods through online marketplaces like Amazon and Flipkart
• Individuals involved in the cross-border trade of goods and services
• Individuals or businesses liable to pay taxes on behalf of the supplier
• Entities previously registered under earlier tax regimes transitioning to GST.

Documents Required for GST Registration in Delhi

The following documents are required for GST registration of Sole Proprietor / Individual in Delhi

• PAN and Aadhar card of the owner
• Photograph of the owner (JPEG format, max size: 100 KB)
• Bank account details
• Address and ID proof

The following documents are required for GST registration of LLP and Partnership Firms in Delhi

• PAN card of all partners (including managing partner and authorised signatory)
• Copy of partnership deed
• Photograph of all partners and authorised signatories (JPEG format, max size: 100 KB)
• Address proof of partners (Passport, driving license, Voters identity card, Aadhar card, etc.)
• Aadhar card of authorised signatory
• Proof of appointment of authorised signatory
• Registration certificate / Board resolution of LLP (for LLP only)
• Bank account details
• Address proof of principal place of business.

The following documents are required for GST registration of HUF (Hindu Undivided Family) in Delhi

• PAN card of HUF
• PAN card and Aadhar card of Karta
• Photograph of the owner (JPEG format, max size: 100 KB)
• Bank account details
• Address proof of principal place of business

The following documents are required for GST registration of Company (Public and Private) (Indian and foreign) in Delhi

• PAN card of Company
• Certificate of incorporation from Ministry of Corporate Affairs
• Memorandum of Association / Articles of Association
• PAN card and Aadhar card of authorised signatory (must be Indian, even for foreign companies/branch registration)
• PAN card and address proof of all directors
• Photograph of all directors and authorised signatory (JPEG format, max size: 100 KB)
• Board resolution appointing authorised signatory / Any other proof of appointment of authorised signatory (JPEG / PDF format, max size: 100 KB)
• Bank account details
• Address proof of principal place of business.

Note: The documents required may vary based on the type of Business registered for GST. For more information get on call with our experts. They will help you with the tailor made information.

Process of Registering GST in Delhi

Vakilsearch offers an easy online GST registration process in Delhi through an user-friendly website. Here are 4 easy steps we do:

Step 1: Get in touch with our experts

Book a slot with our GST experts and resolve all your queries.

Step 2: Provide Business Information

Provide the required documents and fill in essential business details such as business name, state, PAN card details for initiating the registration process.

Step 3: GST filing

Our team will file for GST registration on the online portal on your behalf. You will receive an OTP on filling the forms.

Step 4: Get your Application Reference Number (ARN) and GST certification done

Our team will provide you with the ARN after successful verification. Subsequently after the GST registration is done the certificate will be provided.

Note: All the documents should be submitted within a time frame and accurate as per the government guidelines to avoid delay. The GST certificate will be delivered directly by the Indian government. Vakilsearch will initiate and guide you through the process.

GST Registration Fees in Delhi

Generally, the GST registration fee differs from one state to another, but certain categories like casual taxable persons or non-resident taxable persons might incur registration fees. You can always get in touch with our experts for more information.

Timely registration is crucial to avoid penalties outlined in the Goods and Services Tax Act, 2017 for non-compliance with registration requirements. For the most current information, it's advisable to refer to the official GST portal or recent notifications.

GST Renewal in Delhi

The GST registration process in Delhi for renewal involves visiting the official GST portal and navigating to the 'Services' tab, where the 'Application for Renewal of Registration' option is available. Click on the renewal application, provide the necessary details, and submit the required documents, including any updated information or changes in business particulars.

After completing the form and uploading relevant documents, verify the information provided and proceed to submit the renewal application. The status of the renewal can be tracked on the GST portal, and upon successful processing, a renewed GST certificate will be issued for continued compliance with GST regulations in Delhi.

Why Choose Vakilsearch for GST Registration in Delhi?

Choosing Vakilsearch for GST registration in Delhi ensures a seamless and hassle-free process. With a team of experienced legal professionals well-versed in the intricacies of GST laws and regulations, Vakilsearch offers comprehensive support and guidance throughout the registration journey.

Our streamlined approach simplifies the complex process, providing expert assistance in document preparation, application filing, and compliance adherence. You gain access to tailored solutions, reliable advice, and dedicated support, ensuring prompt and accurate registration, setting the groundwork for your business's compliance and growth in Delhi's dynamic business landscape.