Question 1

What is the threshold limit for GST registration in Delhi?

Accepted Answer

The threshold limit for Delhi GST registration is ₹40 lakhs for businesses involved in supplying goods and ₹20 lakhs for service providers. However, for businesses in special category states, the threshold is ₹20 lakhs for goods and ₹10 lakhs for service providers.

Question 2

What is the GST Code of Delhi?

Accepted Answer

The GST number for Delhi starts with '07' and is followed by a unique 13-digit alphanumeric code assigned to registered taxpayers upon successful GST registration in the state.

Question 3

What are the compliance requirements post-GST registration in Delhi?

Accepted Answer

Following the GST registration process in Delhi requires compliance involving filing regular returns like GSTR-1, GSTR-3B, and others as per the schedule prescribed by the GST authorities. Additionally, maintaining accurate records, invoicing correctly, and timely payment of taxes are essential compliance duties.

Question 4

What are the penalties for non-compliance with GST regulations in Delhi?

Accepted Answer

Late fee of ₹100 per day, per Act (₹200 per day for CGST and SGST)

Penalty of 10% of the tax due, subject to a minimum of ₹10,000

Imprisonment of up to six months for willful evasion of GST

Question 5

Can I voluntarily cancel my GST registration in Delhi?

Accepted Answer

Yes, businesses in Delhi can voluntarily cancel their GST registration. To do so, file the application for cancellation on the GST portal, clear all dues, and submit the necessary documents. After verification, the GST authorities will cancel the registration within a specified time.