GST registration is mandatory in India for businesses with an aggregate annual turnover of more than Rs. 20 lakhs (Rs. 10 lakhs for certain Indian states). Even businesses with turnover below the threshold can register voluntarily to avail certain benefits such as input tax credit and to make their business more credible to customers.
Applicability of GST Registration in Delhi NCR
In Delhi NCR, GST registration is applicable to businesses that are involved in the supply of goods and services. The following businesses are required to obtain GST Registration:
- Businesses with an aggregate turnover exceeding Rs. 20 lakhs (Rs. 10 lakhs for North-Eastern states) is mandated to obtain GST Registration.
- Businesses that are involved in inter-state supply of goods or services are required to register for GST, irrespective of their turnover.
- E-commerce operators and businesses that supply goods or services through e-commerce platforms are also required to register for GST.
- Non-resident taxable individual who supply goods or services need to register for GST.
- Entities that are required to deduct tax at source (TDS) or collect tax at source (TCS) are also required to register for GST.
- Casual taxable persons who supply goods or services in India are required to register for GST.
- Input service distributors who receive tax invoices for input services and distribute credit to their branches are required to register for GST.
Note: It is advisable for businesses to register for GST voluntarily even if their turnover is below the threshold limit, as it can help them claim input tax credit and make their business more credible to customers.
Who is Exempted from obtaining GST Registration in Delhi NCR?
In India, some entities are exempted from obtaining GST registration. The following entities are exempted from GST registration:
- Businesses with less than Rs. 20 lakhs annual turnover and (Rs. 10 lakhs for North-Eastern states) are not mandated to register for GST.
- Agriculture and allied activities such as cultivation, farming, and harvesting are exempt from GST registration.
- Small-scale industries and cottage industries with an annual turnover of less than Rs. 20 lakhs (Rs. 10 lakhs for North-Eastern states) are exempt from GST registration.
- Services provided by a person as an employee to his employer are exempt from GST registration.
- Charitable trusts and religious institutions are exempt from GST registration for the services they provide.
- Individual advocates and law firms providing legal services are exempt from GST registration if their annual turnover is less than Rs. 20 lakhs (Rs. 10 lakhs for North-Eastern states).
- Healthcare business like clinical establishments, paramedics and medical practitioners, are exempted from GST registration.
Document required for GST Registration process in Delhi NCR
The documents required for GST registration process in India may vary based on the type of business entity and the nature of the business. However, some of the documents required for GST Registration:
- PAN card of the applicant
- Proof of business registration, such as partnership deed, memorandum of association, articles of association, or certificate of incorporation.
- Identity and address proof of the promoters or partners of the business.
- Address proof of the principal place of business, such as electricity bill, property tax receipt, or rent agreement.
- Bank account statement or a cancelled cheque of the business.
- DSC (Digital signature certificate) of the authorized signatory.
- Letter of authorization or board resolution in case of partnership firms or companies.
- Goods and services details to be supplied.
- Photographs of the authorized signatory.
How ASC Group helps?
ASC Group have the leading team of GST Consultant in Delhi NCR with professionals who assists services related to Goods and Services Tax (GST) to businesses. They assist businesses in complying with the various provisions of GST laws and regulations, and help them to minimize their tax liability.
Here are some of the ways GST service providers can help companies:
- GST registration in Delhi NCR: GST service providers can help businesses in obtaining GST registration, filing the necessary documents and obtaining the GST registration certificate.
- GST compliance in Delhi NCR: GST service providers can help businesses comply with the various provisions of GST, including filing GST returns on time, maintaining accurate records, and availing input tax credit.
- GST advisory in Delhi NCR: GST service providers can provide expert advice to businesses on various aspects of GST, including tax planning, structuring transactions to minimize tax liability, and resolving disputes with tax authorities.
- GST audit in Delhi NCR: GST service providers can conduct GST audits for businesses to ensure that they are complying with GST laws and regulations.
- GST refunds in Delhi NCR: GST service providers can help businesses claim GST refunds for excess input tax credit or tax paid on exports.
- Training and workshop: GST service providers can conduct training and education sessions for businesses to help them understand the various provisions of GST and how to comply with them.