GST Registration in Delhi @ Only ₹999 With 2S Services
GST Registration normally takes 4-5 working days.
What is GST Registration?
GST registration is the process where businesses or individuals officially register themselves with the GST authorities. This registration provides them with a unique identification number essential for paying Goods and Services Tax (GST) to the government.
GST is an indirect tax on goods and services. GST registration not only ensures that businesses comply with the country’s tax laws but also allows them to reclaim the GST they pay on purchases, reducing their overall tax burden. Moreover, GST registration integrates businesses into the formal economy, enhancing their credibility and unlocking new opportunities.
At 2S Services, we can help you with GST registration in Delhi, Noida, Faridabad, and Gurugram and help you become a tax-compliant business. If you are looking for a professional GST consultant in Delhi, contact us. We will walk you through the process, ensuring seamless registration for your business.
GST Eligibility Criteria
Who Needs GST Registration in India?
The government has made it compulsory for certain types of businesses and individuals to register under GST. Here is a list of entities that must mandatorily register for GST in India:
- Businesses with an aggregate turnover exceeding ₹40 lakh for goods (₹20 lakh for special category states, Puducherry, and Telangana) and ₹20 lakh for services (₹10 lakh for special category states, Puducherry, and Telangana)
- Businesses registered under an earlier tax law, like Excise, VAT, or Service Tax
- Any business or individual engaged in interstate supplies
- A casual taxable person
- A non-resident taxable person
- Input Service Distributors (ISDs)
- The agents of a supplier
- Businesses that pay tax using the reverse charge mechanism
- Businesses involved in e-commerce or online commerce
- Aggregators providing services under a different brand or trade name
- Businesses or individuals that offer products and services on behalf of another registered taxpayer
- Any other business or individual specified by the state or central government to pay GST based on the GST Council’s recommendations
Voluntary Registration Under GST
Businesses and individuals can choose to register under GST even if their aggregate turnover is lower than the threshold limit. Registering for GST offers many advantages. Many businesses and individuals opt for voluntary registration under GST to take advantage of these benefits.
If you are a business or an individual who wants to obtain new GST registration on a voluntary basis, contact us. We specialise in GST registration services for Delhi and neighbouring areas including Noida, Faridabad and Gurugram.
Benefits of GST Registration
GST-registered businesses enjoy benefits like input tax credit for GST paid on their business expenses, effectively reducing their overall tax burden. Additionally, GST registration ensures businesses adhere to GST regulations, avoiding potential penalties or legal consequences associated with non-compliance.
Some of the key advantages of GST registration are as follows:
Unlocking Input Tax Credits
A GST-registered company is able to claim input tax credits for the GST paid on its expenses. This means that you can request a refund for the GST paid to the government on inputs like goods, supplies, and services, adjusting them against the GST you owe on sales. This ability to claim input tax credits can significantly reduce your overall GST liability.
Enhanced Business Reputation
Registering for GST not only boosts your business’ reputation but also shows your commitment to adhering to local tax regulations. It portrays your company as a credible and professional organisation, which can improve its image and attract more business opportunities.
Access to a Broader Customer Base
Being GST-registered opens doors to new customer opportunities, as many corporations and government entities prefer to work exclusively with registered suppliers. Some clients may also favour doing business with registered companies, as it provides assurance that your business operates legally and complies with tax regulations.
Simplified Tax Compliance
GST registration streamlines tax compliance for businesses. GST is designed to replace multiple indirect taxes, simplifying the tax system and making it easier for businesses to meet their tax obligations.
Implications of Skipping GST Registration
According to the CGST Act, businesses that fail to register for GST when their aggregate turnover exceeds the threshold limit may face penalties to the tune of ₹10,000, the amount of tax evaded, or the deficit in tax dues—whichever is greater.
For example, if a company does not register under GST, and their total tax liability reaches ₹5 lakh, the penalty for non-registration will be ₹5 lakh, rather than ₹10,000, as it is the higher amount.
Furthermore, failing to secure GST registration can hinder your competitiveness among other businesses, as you won’t be able to utilise input tax credits. This can potentially erode your profit margins and diminish your business’ competitive edge.
If you run a business in Delhi-NCR and are yet to file your GST registration, contact us. We have proven expertise in facilitating new GST registrations to ensure your compliance and smooth operations.
GST Registration Process
You can apply for GST registration in Delhi either online or offline. Here is a quick overview of the GST application process.
Documents Required
Sole Proprietor/Individual
- Owner’s PAN card
- Owner’s Aadhar card
- Owner’s photograph (JPEG format, maximum size 100 KB)
- Bank account information*
- Address proof†
Partnership Firm/LLP
- PAN cards of all partners, including the managing partner and authorised signatory
- Copy of partnership deed
- Photographs of all partners and authorised signatories (JPEG format, maximum size 100 KB)
- Address proof of partners
- Aadhar card of the authorised signatory
- Proof of authorised signatory’s appointment
- Registration certificate or board resolution (for LLPs)
- Bank account information*
- Address proof of the principal place of business†
Hindu United Family (HUF)
- PAN card of HUF
- PAN card and Aadhar card of the karta
- Owner’s photograph (JPEG format, maximum size 100 KB)
- Bank account information*
- Address proof of principal place of business†
Company (Public/Private/Indian/Foreign)
- Company’s PAN card
- Certificate of incorporation issued by the Ministry of Corporate Affairs
- Memorandum of Association and Articles of Association
- PAN and Aadhar cards of the authorised signatory. Note that the authorised signatory must be Indian, even for foreign company/branch registrations
- PAN cards and address proofs of all company directors
- Photographs of all directors and the authorised signatory (JPEG format, maximum size 100 KB)
- Proof of the authorised signatory’s appointment (JPEG or PDF format, maximum size 100 KB)
- Bank account information*
- Address proof of the principal place of business†
* You’ll require a copy of your cancelled cheque or an extract from your passbook or bank statement (including the first and last pages) in either JPEG or PDF format, with a maximum file size of 100 KB.
†You may submit any one of the following documents:
- Property tax receipt
- Municipal khata copy
- Electricity bill copy
- Ownership deed/document (in the case of owned property)
- Lease or rental agreement (for leased or rented property) – along with property tax receipt, municipal khata copy, or electricity bill copy.
- Consent letter or NOC from the owner (for consent arrangement or shared property) – along with property tax receipt, municipal khata copy, or electricity bill copy.
GST Registration Fees
GST registration is a free service provided by the government. The government does not impose GST registration fees in Delhi or any other Indian state. However, if you decide to engage a GST consultant in Delhi for assistance, their services may come with a fee.
How Long Does GST Registration Take?
The process of obtaining the GST registration certificate takes anywhere from 3 to 7 business days. During this time, the authorities verify the submitted information to ensure accuracy and compliance with GST regulations. Once the verification is complete, the GST registration certificate is issued to the applicant.
If you’re a business owner who is confused about the GST registration process, don’t worry! We have expertise in helping with new GST registrations in Delhi-NCR. Our experienced team understands the intricacies of the registration process and can simplify it for you. We are committed to ensuring that your GST registration is a smooth and hassle-free experience, allowing you to focus on growing your business with confidence.
Responsibilities of a GST-Registered Business
A GST-registered business or individual must fulfil certain responsibilities, such as:
- Collecting GST: The business must collect GST from customers on the goods or services it provides and then deposit this money with the government.
- Filing GST Returns: It is important to regularly file GST returns. These returns must be filed electronically through the GST portal.
- Payment of GST: The business must make timely GST payments to the government based on its tax liability.
- Maintaining Records: A GST-registered business must maintain accurate records of all transactions so that it can display them to the authorities when necessary.
- Compliance with GST Rules: Ensuring compliance with GST rules and regulations and the timely filing of GST returns is crucial to avoid tax notices and penalties.
- Claiming Input Tax Credit: The business is eligible to claim input tax credit on the GST paid for the inputs and services it has used, reducing its overall tax liability.
- Issuing GST Invoices: Providing correct GST invoices to customers is essential. Such invoices must include all the necessary details like GSTIN, tax amount, and other details.
- Displaying GSTIN: Displaying the GST Identification Number (GSTIN) at the place of business or on invoices is mandatory.
- Audit and Assessments: It is important to be prepared for GST audits by the tax authorities as they may wish to check your financial records to ensure proper compliance.
- Responding to Notices: Promptly responding to any notices or queries from the GST department is crucial to avoid legal complications.
- Compliance Rating: Maintaining a good compliance rating is essential. It offers benefits like faster refunds, fewer tax audits, and a better business reputation. Banks and suppliers may also use it as a measure of your business’ trustworthiness.
- Record Retention: Keeping records and documents related to the business’ GST transactions for a specified period as provided by GST laws is another key responsibility of a GST-registered business.
Failure to fulfil these responsibilities can lead to penalties, legal consequences, and disruptions to the business’ operations. Therefore, GST-registered businesses must diligently adhere to these obligations to remain compliant with the tax laws in India.
Benefits of Hiring a GST Consultant in Delhi
Hiring a GST registration consultant in Delhi brings several advantages. GST consultants possess comprehensive knowledge of the constantly evolving-GST laws and regulations, making them the best people to guide you through the complex application process. They ensure that you have all the necessary documents in advance, preventing last-minute hassles. They also assist in filing your application accurately, reducing the chances of errors.
Furthermore, GST consultants can help you choose the most appropriate GST registration type, allowing your business to capitalise on various tax-saving opportunities. Even after obtaining your GST number (GSTIN), consultants continue to provide valuable support like helping with GST return filings, addressing your queries about GST laws, maintaining tax records, and providing insights into potential GST implications that may arise in the future. With their expertise, GST consultants ensure that your business stays compliant and tax-efficient.
If you’re seeking to hire a GST consultant in Delhi, Noida, Faridabad or Gurugram to assist you with new GST registration and beyond, don’t hesitate to reach out. We can guide you through the intricate GST laws, ensuring compliance and helping you steer clear of penalties.
GST Registration In Delhi
GST registration in Delhi is a must for businesses that meet the eligibility criteria. Our experts can assist you with the entire process, ensuring a hassle-free experience. We will take care of all the paperwork and formalities, and ensure that your application is submitted correctly and on time. We will also provide you with guidance on how to comply with the GST regulations.
GST Registration In Noida
Noida is classified as a special economic zone (SEZ). It is a rapidly developing commercial centre with a large talent pool and good infrastructure. If you are starting a business in Noida and need help with GST registration, feel free to reach out to us. Our experts can assist you in securing your GST registration in Noida smoothly.
GST Registration In Faridabad
Faridabad houses a diverse range of industries including industrial equipment and automation, garment exports, defence systems, footwear, additives, and automobiles. If you’re considering starting a new business in Faridabad, we’re here to assist. Contact us for affordable GST registration in Faridabad, and we’ll make sure the application process is easy and seamless.
GST Registration In Gurugram
Gurugram stands out as one of the country’s major IT and financial centres. The city provides a welcoming environment for business ventures, offering crucial assets like infrastructure support, market access, and a skilled workforce. If you’re contemplating starting a business in Gurugram, we can assist. Contact us for budget-friendly GST registration services in Gurugram.
and ₹10 lakh for services are required to register for GST. The threshold limit is different for special category states, such as the northeastern states of India, where the threshold for goods is ₹10 lakh.
