Online GST Registration in Delhi :- All you need to know

If you are a business owner in Delhi, it is important to understand the GST registration process. The Goods and Services Tax (GST) is a value-added tax that has been implemented in India to replace multiple indirect taxes. GST registration is mandatory for businesses that have an annual turnover exceeding Rs. 20 lakh.

Professional Utilities can help you get GST Registration in Delhi at just ₹1499/- only.

• Step-1:- First step in Process of registration is to fill PART A of the form GST REG 01 in which information related to the PAN of Business, Name of business, Email address, Mobile Number is entered. Mobile number and Email ID is verified with the OPT. After which TRN No. is issued that needs to be kept safe for future.
• Step-2:- Second Step in registration is filling of PART B of the form GST REG 01 in which information related to Business Detail, Bank Account Goods and Services and Authorised signatory is entered. ARN No. is issued.
• Step-3:- Next step is to submit the required documents in prescribed format.
• Step-4:- After submission of the application, that application and submitted documents are verified by the officer within 3 working days. If the application is rejected, the reason should be clarified and the applicant should be given the opportunity to rectify errors within 7 working days.
• Step-5:- After the verification of the forms and documents. GST Registration is issued in the form REG GST 06.

Business can be registered under different types of categories as mentioned below -

• E-commerce - Business or individuals involved in supply of goods and service through E-commerce platform is required to get GTS Registered in Delhi irrespective of the turnover. Before commencement of the E-commerce business obtaining GST registration is necessary.
• Interstate Business - If an entity is supplying goods and services from one state to another then it is compulsory to get the GST Registration in Delhi.
• Casual taxable Person - Any business which undertakes seasonal supply of goods and services are required to get GST registration in Delhi irrespective of the business turnover.
• Voluntary registration - An entity can voluntarily register under GST even if the business turnover does not exceed the threshold of the registration.
• Aggregate Turnover - Any service provider having turnover more than 20 lakhs in a year and supply goods having turnover more than 40 lakhs are required to be registered under GST Registration in Delhi and 10 lakhs in case of the business in northern east state or in hills and mountains.

There are many feature of the GS registration in Delhi as mentioned below-

• Aggregate turnover limit - Business with turnover of more than 40 lakhs has to get GST registration in Delhi.
• Input Tax Credit - One of the major features of the GST registration in Delhi is GST registered businesses can claim input tax credit on purchase. They can reduce tax liability by offset GST paid on their purchase with GST collected on the sales.
• Compliance requirements - Under GST Registration businesses have to maintain accounting records properly and file GST returns regularly. Failure to comply with the rules can result in fines and penalties.
• Penalties - Due to non-follow of the rules and compliance of the GST registration attract penalties and punishment as per the nature of the offence.

There are many benefits for getting registration in delhi as mentioned below -

• Government Taxation Boost - GST registration helps more individuals to get registered under GST due to which tax base is extended and taxpayer relation strengthened. GST helps in boosting government revenue and taxation GDP also increases and all this in turn increases India’ s position.
• Cascading Effect reduce - Cascading of taxes has reduced with the GST by implementing all - inclusive input tax credit throughout the supply chain.
• Tax Systems are standardised - Under GST there are standard methods for common tax bases,taxpayer registration,consistent tax return forms,tax return filing and there is time table for each action along with standard method for delivering goods and services which increase effectiveness of the tax systems.
• Exports encouraged - All the goods and services used in the production of the export products are refunded. In export only the cost of the item is included, not taxes.due to this payment stability increase. All these benefits are useful for the promotion of exports.
• Created equality and clarity - Under GST uniform rates are applied throughout the country and various rules are established by the government for promoting clarity.
• Support interstate transaction - GST has encouraged intra-state transaction, neighbouring states and inter-state transaction by rate arbitrage and uniform GST rate to lessen duplicacy.
• Online Process - In GST every action from making refund claims to registering etc. are done online using GSTN. There is no need to be manually present and can be done anywhere and anytime. Even input tax credit is verified online.

GST Registration in Delhi helps in bringing many other taxes like service tax, entry tax. VAT, excise duty and luxury tax into one regime. It has simplified the taxation system and made day to day transactions manageable. GST Registration can be obtained with filling of the form and required documents. Contact Profesional utilities ro get GST Registration in Delhi at just Rs. 1499/-