GST Registration Service in Delhi NCR
Goods and Services Tax (GST) is a comprehensive indirect tax system in India that subsumes a variety of indirect taxes such as VAT, service tax, central excise, and others. In Delhi NCR, GST registration is mandatory for businesses whose turnover exceeds the threshold limit of Rs. 20 Lakhs (Rs. 10 Lakhs for special category states). The GST registration process is simple, straightforward and can be done online.
Why GST Registration is Important in Delhi NCR
Legal Compliance: GST registration is a legal requirement as per the GST Act. Non-compliance with the GST Act can attract penalties, fines and legal action against the business.
Avail Input Tax Credit: One of the major benefits of GST registration is the ability to avail input tax credit. Businesses can claim input tax credit on the GST paid on inputs and capital goods used in the business.
Better Credibility: GST registration enhances the credibility of a business and makes it easier for customers to trust and do business with the company.
Easy to do Business: GST registration makes it easier for businesses to do business by reducing the compliance burden, streamlining the supply chain, and simplifying the tax system.
Steps to Register for GST in Delhi NCR
Obtain PAN: The first step towards GST registration is to obtain a PAN number for the business.
Apply for GSTIN: The next step is to apply for a GSTIN (Goods and Services Tax Identification Number). This can be done online through the GST Portal.
Fill GST Registration Application: The GST registration application has to be filled online and all relevant information about the business has to be provided. This includes details such as business name, PAN, address, bank account details, and others.
Upload Documents: The business has to upload the necessary documents such as PAN card, Bank details, and proof of business address.
Submit the Application: Once the application is complete, it has to be submitted online.