GST Registration in Delhi
GST Registration in Delhi can be done online with B K Goyal & Co LLP Chartered Accountants. Navigating the complexities of the Goods and Services Tax (GST) can be a daunting task for businesses, especially those operating in Delhi. With its intricate regulations and ever-changing requirements, ensuring GST compliance can be a time-consuming and challenging process. If you’re a business owner in Delhi seeking GST registration, this comprehensive guide will equip you with the necessary knowledge and insights to navigate the process seamlessly.Goods and Services Tax is an indirect tax imposed by the government on Indian Goods and Services It is a value-added tax levied on most goods and services sold for domestic and commercial consumption. The GST is paid by consumers, but it is remitted to the government by the businesses selling the goods and services. The taxes under GST are bifurcated into three parts i.e. CGST, SGST and IGST.
Types of GST Registration in Delhi
- Compulsory Registration
- Voluntary Registration
- Registration under Composition Scheme
- Inter State Supply of Goods/Services
- Casual Taxable Person
- Non-Resident Taxable Person
- E-commerce Operators and Vendors
Benefits of GST Registration in Delhi
Business Growth in Delhi- In recent years, Delhi’s economy has experienced significant growth, transitioning from a reliance on family-owned small businesses to the establishment of large-scale industries. Simultaneously, the city’s traditional family-owned businesses, specializing in Delhi products like clothing, footwear, and handicrafts, are expanding their reach by establishing branches nationwide.
Composition Scheme for Small Businesses- The composition scheme is a simplified tax payment scheme that is available to small businesses in Delhi. This scheme can help to reduce compliance costs for businesses with an annual turnover of less than ₹1.5 crore.
Easy Online Simpler Procedure Under GST– The GST registration process is now online and is much simpler than it was under the old tax regime. This can help to reduce the time and cost of registering a business in Delhi.
Lesser Compliances- The GST regime is simpler than the old tax regime, which means that businesses have to comply with fewer regulations and procedures. This can help to reduce the time and cost of compliance.
Support for Marketing and Sales- The Delhi Government offers a number of support programs for marketing and sales, such as online advertising and trade fairs. These programs can help businesses to reach new customers and grow their sales.
Eligibility for GST Registration in Delhi
Documents Required for GST Registration in Delhi
The following documents are required for GST registration of Sole Proprietor / Individual in Delhi
- PAN card
- Aadhar card
- Photograph of the owner (JPEG format, max size – 100 KB)
- Bank account details
- Address proof
The following documents are required for GST registration of LLP and Partnership Firms in Delhi
- PAN card of all partners
- 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.
Process of Registering GST in Delhi
The GST registration in Delhi can be completed online through the GST portal (www.gst.gov.in). The process involves the following steps:
Create a user account on the GST portal
Fill out the GST registration form (FORM GST REG)
Upload the required documents
Verify the details and submit the application
Pay the GST registration fee
GST Renewal in Delhi
The GST renewal process in Delhi 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
FAQs
What are the compliance requirements post-GST registration in Delhi?
After registering for GST in Delhi, compliance involves regular filing of GST returns, maintaining accurate records of sales and purchases, payment of taxes, and adhering to the provisions of the GST Act, ensuring timely submission and compliance with filing requirements.
What are the penalties for non-compliance with GST regulations in Delhi?
Non-compliance with GST regulations in Delhi can lead to penalties such as late fees for delayed filing, interest on delayed payments, penalties for incorrect filing, and even suspension or cancellation of GST registration, depending on the severity and frequency of the violation.
Can I voluntarily cancel my GST registration in Delhi?
Yes, businesses in Delhi can voluntarily cancel their GST registration. This can be done under certain circumstances, such as cessation of business operations or no longer meeting the threshold for mandatory registration. Proper procedure and compliance with requirements are necessary for cancellation
Practice area's of B K Goyal & Co LLP
Income Tax Return Filing | Income Tax Appeal | Income Tax Notice | GST Registration | GST Return Filing | FSSAI Registration | Company Registration | Company Audit | Company Annual Compliance | Income Tax Audit | Nidhi Company Registration| LLP Registration | Accounting in India | NGO Registration | NGO Audit | ESG | BRSR | Private Security Agency | Udyam Registration | Trademark Registration | Copyright Registration | Patent Registration | Import Export Code | Forensic Accounting and Fraud Detection | Section 8 Company | Foreign Company | 80G and 12A Certificate | FCRA Registration |DGGI Cases | Scrutiny Cases | Income Escapement Cases | Search & Seizure | CIT Appeal | ITAT Appeal | Auditors | Internal Audit | Financial Audit | Process Audit | IEC Code | CA Certification | Income Tax Penalty Notice u/s 271(1)(c) | Income Tax Notice u/s 142(1) | Income Tax Notice u/s 144 |Income Tax Notice u/s 148 | Income Tax Demand Notice | Psara License | FCRA Online