Need Professional Bookkeeper?

Book Schedule Now

GST

How to Apply GST Registration in Delhi? - Process & Fees

22 July 2023

In accordance with the data provided by the Ministry of Finance, Government of India, as of 31st March 2021, the number of GST registrations in Delhi was over 4.2 million. After this period, there might be some more registration might be recorded. 

What is GST?

GST expands for Goods and Services Tax. Typically, it is a value-added tax that is levied on the sale of goods and services. This provision is in many countries around the world, including India, Canada, Australia, and Singapore, to name a few.

This is a comprehensive tax that replaces multiple indirect taxes. You can consider it a one-tax for other ones like service tax, excise duty, value-added tax, etc. It is a destination-based tax that is imposed on the final consumption of goods and services. The national government or a centralized tax authority in the country administers it.

If you are concerned about why this tax was introduced, here is the objective. It is to simplify the indirect tax structure, which also reduces the tax burden on the end consumer. It also aims to eliminate the cascading effect of taxes and promotes ease of doing business in the country.

What is GST Registration?

GST Registration is the process of obtaining a unique Goods and Services Tax Identification Number (GSTIN) from the government. The government in Delhi and all over India has made it mandatory for businesses. But here, one should also consider an annual turnover, which should be more than a specified threshold limit for this registration.

As far as this process is concerned, it involves submitting the necessary documents and details about the business and its owners, such as the name, address, PAN number, bank account details, and proof of identity and address. As the application is submitted, a review is initiated. For it, a GST officer visits and verifies the details provided by the business.

Once the verification is over, a GSTIN will be issued to the business. Now that you have it, use it for all future GST-related transactions and compliance matters, which can be related to the payment of taxes, filing of returns, and claiming the input tax credits.

It's mandatory to register for it if you really want to comply with the law and do not want to face any penalties for non-compliance.  To discover its benefits, here are some points to read. It makes you able to claim the input tax credits and also, adds a competitive edge. Besides, the customer base expands by selling goods and services in and across different territories.

How to Register a GST Number?

Since every state has its own rules and regulations, here is a roundup of a few steps that can help you in registering for it:

Step 1: Visit the GST Portal

Start with exploring the GST portal at https://www.gst.gov.in/ and click on the 'Services' tab.

Step 2: Click on 'New Registration'

Move to the "Under the Services" area, and click on 'New Registration'. Then, select 'New Registration' from the drop-down menu.

Step 3: Fill in the Required Details

A form will appear. Fill in the necessary details such as the type of taxpayer, state, district, legal name of the business, PAN number, email address, and mobile number. Then click on the 'Proceed' button.

Step 4: OTP Verification

Once the details are duly filled in, verify the mobile number and email address using the OTP sent to them.

Step 5: Enter Details and Upload Documents.

Once the OTP verification is over, fill in the remaining details and upload the necessary documents such as PAN card, Aadhaar card, bank statement, and address proof to support your application.

Step 6: Submit Application.

Review the details entered and submit the application.

Step 7: Track Application Status

Once the application is submitted, track the application status on the GST portal. The GST officer will come and review to examine the details provided, and if everything is in order, the GSTIN will be issued.

Documents Required for GST Registration

This registration process becomes hassles-free and smooth if you know which documents should be enclosed. Here is the list of all documents:

  • Bank statement
  • PAN card of the business entity
  • Address proof of the place of business
  • Photograph of the authorized signatory
  • Aadhaar card of the authorized signatory
  • Digital signature of the authorized signatory
  • Proof of business registration or incorporation certificate

Fee Structure

Now that you know how to register and which documents should be attached to your application, it is necessary to know how much money you should pay for its registration.

Here, the most appealing thing is that you don't have to pay anything. It is simply because the government provides it free of cost.

Conclusion

For those who are unaware of this service, hiring a GST consultant in Delhi is the best option to come across challenges. However, it helps people by providing expert advice and assistance related to Goods and Services Tax (GST). They help businesses with GST registration, filing GST returns, and complying with GST regulations. They also provide guidance on GST-related issues, such as claiming input tax credit, tax rates, and refunds. A GST consultant can help businesses save time and money by ensuring that they are fully compliant with GST laws and regulations.

Comments

Leave a Comment