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Guidance on GST Registration In Delhi

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Guidance on Gst Registration In Delhi

GST Registration in Delhi

Introduction

GST stands for Goods and Services Tax. It is a tax imposed on various goods and services used for domestic purpose. The GST was effective from July 1, 2017. Rates under GST varies from 0% to 28%.

What is GST?

GST is an indirect tax levied on the sale various goods and services. From manufacturing to final consumption, every stage will be lodged with this tax. Basically, the final customer will bear the charge of GST. There are five different slabs for collection of tax on goods and services. The slabs are: 0%, 5%, 12%, 18%, and 28%. Some goods are exceptions such as Petroleum products, electricity, alcoholic drinks. All this are taxed under the State Government as it was before the implementation of the tax. Customers are imposed to pay the tax and the government earns revenue from the tax.


What are The Benefits of GST Registration ?

    1- One can legitimately call for the taxes from their customers and transfer the amount of tax paid

    2- Your business will become fully legal tax compliant

    3- You can provide your GST Certificate as a legal document while opening an bank account

    4- After GST, you can provoke for several state and Central Government tenders. Make sure, you have your GSTN

    5- Easily avail for online Import and Exports


Process of GST Registration in Delhi


You can hire any consultants or tax companies for Registration of GST in Delhi. Else, you can register online. The procedure to register online are:

Visit the GST Portal and fill the details such as PAN No., Mobile no., Email ID an OTP verification will be sent to you either on your Phone number or Email.

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Now, you will have to fill the Part-B of Form GST REG-01. It must be signed. Submit all the necessary documents in accordance with the type of business.

After this, there will be an Acknowledgement generated

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If you forget to fill any information/details, you will have to submit notice for seeking Additional Information/Clarification/Document relating to application for amendment within 7 days.

In spite of filing all the forms the officer can reject the applications if there exists an error. You will again fill the new Form.

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Lastly, the department will provide the Registration Certification after the verification and approval in Form GST REG-06.

Online GST Registration in Delhi

    As we have discussed earlier, GST is implemented for replacing various taxes. The Parliament had passed the Online GST Registration on March 29, 2017 and it came into effect from July 1, 2017 in Delhi and all the other states of India. The Limit set for the registration was 40 lakhs in case of goods and 20 lakhs for services.

    After registering under the regime, each person will get their unique GSTIN. GSTIN stands for Goods and Services Tax Identification Number. You can register online very easily. To register online visit the online portal of GST. Just fill the form with the accurate details and submit the required documents mentioned above.

    In the starting phase, you need to take the help of the experts regarding the strict rules and regulations. In Delhi, you can consult the Delhi based companies as they offers advice regarding the registration and consultants. You can opt for the best Companies that will help you in GST Registration, which offers the facilities at the reasonable rates.

Documents Required For GST Registration in Delhi

In Proprietorship Bussiness

  • Owner’s Passport size photographs
  • Aadhar and PAN Card of the owner
  • Address proof of the Business place
  • Pass-Book or canceled cheque
  • Signature (Digital)

In Partnership Firms

  • PAN card of the firm
  • PAN and Aadhar card of the partners
  • Cancelled cheque or Bank statement
  • Address Proof of the Business Proof
  • Digital Signature

In case of PVT or LLP

  • Incorporation Certificates
  • Memorandum of Association
  • Articles of Association
  • Company’s and Director’s PAN
  • Aadhar of the Directors
  • Address Proof of the Business Place
  • Cancelled Cheque
  • Digital Signature

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GST Registration

Frequently Asked Questions

GST stands for Goods and Service Tax. It is easily understandable from its name that it’s the tax levied on goods and services. The tax will be charged starting from the manufacturing until consumption.
Central Government has differentiated GST in three different types:
  • 1.Central Goods and Service Tax (CGST).
  • 2. State Goods and Service Tax (SGST)
  • 3.Integrated Goods and Services Tax (IGST)
CGST and IGST are levied under Central Government and SGST is levied under the State Government/UTs.
GST was implemented on April 1, 2017.
The amount of taxes paid on the input goods and services is called Input Tax Credit (ITC).
The Input Tax Credit is applied as under:
  • 1. CGST Input Tax Credit is used only for paying CGST and IGST.
  • 2. SGST Input Tax Credit is used only for paying SGST and IGST.
  • 3. IGST Input Tax Credit is used for paying CGST, SGST, and IGST.
Returns will boost your tax credit. However, the replaced products are subjected to GST. The return can impact Cash Flow.
No, the GST interest refund cannot be claimed after 2 years of payment.
To apply GST regulations, your business should have an annual turnover of.20 lakhs or above. For the Northern Eastern States including Arunachal Pradesh, Assam, Manipur, Meghalaya, Mizoram, Nagaland and Tripura and Hilly regions like Himachal Pradesh, Uttarakhand, Jammu and Kashmir, and Sikkim, the annual turnover should be of Rs.10lakh. Do we need PAN for applying GST?
Yes, PAN is necessary to apply for GST.
Yes, GST Registration starts from July 1, and the last date is 31st January in Delhi and other States.
The following are the one, not applicable for GST Registration, but will be given a UIN( Unique Identification number). They will get some tax refund on notified goods and services received.
  • 1- Any UNO (United Nations Organisation) agency or Multilateral Financial Institution and Organisations under the UN Act, 1947 Consulate.
  • 2- Any person informed by the Commissioner or Board.
  • 3- Central or State Government recommended by GST Council, exempted specific persons from registration.
Goods and services except the alcoholic liquor, Petroleum crude, Diesel, Motor spirit (petrol), natural gas, Aviation Turbine Fuel is taxed under GST.
For GST Registration in Delhi and other States the procedures are:
  • 1- Draft an application
  • 2- ARN number.
  • 3- Phone number Registered under GST.
No, they can directly apply for registration of GST. Legal Salaah will help you with this.
No, there is not a compulsion for the small retailers. For other help consider Legal Salaah.
No, EOU will not be affected by GST implementation.
No, the firm is registered in Delhi with its branch in another state will be treated as separate entities. Both the firms cannot cross-utilize the credit.
Yes, if the bookseller possesses the eligibility criteria they will have to register for GST.
For this, you need to visit the website of Legal Salaah. So that you can proceed with the registration procedures.
No, it is not necessary to have a current account for GST Registration. It depends on the type of business.
Every single person can have only one GST Registration. However, while registering, they can add several Businesses.
GST will be compulsory when your annual turnover is more than Rs.20 lakhs.
Yes, we can cancel the registration easily.
We can cancel the GST Registration only in some cases like after the business is finished or it has changed its constitution
As we have told earlier, you can only apply for GST registration when you have an annual turnover of Rs.20 lakh. Whether you are a full-time or part-time blogger.
If your business is established in different states, you will have to take GST Registration in further states.
Yes, it is. We will definitely need an account number for GST Registration in Delhi.
Yes, you can sell without GST Registration. But your annual turnover must be below Rs.20 lakhs. As soon as your business’s annual turnover exceeds the limit GST Registration will be a compulsion.
No, it is not mandatory for an advertising firm’s startup for GST Registration in Delhi.

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