GST Registration Service in Delhi.

What is GST Registration?

Goods and Services Tax (GST) registration is the process by which a business or individual registers under the GST law to obtain a unique 15-digit GST Identification Number (GSTIN). GST registration is mandatory for entities meeting specific turnover thresholds or engaged in certain activities.

Who Needs GST Registration?

GST registration is mandatory for:

1. Turnover Threshold:
   • Businesses with an annual turnover exceeding ₹20 lakhs (₹10 lakhs for northeastern and hilly states) in the supply of goods or services.
2. Inter-State Supply:
   • Entities involved in inter-state taxable supply of goods or services.
3. E-Commerce Operators:
   • Platforms like Amazon, Flipkart, or any person supplying through an e-commerce platform.
4. Casual Taxable Persons:
   • Persons occasionally supplying goods/services in areas where they do not have a fixed place of business.
5. Non-Resident Taxable Persons:
   • Foreign entities supplying goods/services in India.
6. Reverse Charge Mechanism:
   • Persons required to pay tax under the reverse charge mechanism.
7. Other Mandatory Registrants:
   • Input service distributors.
   • Persons making taxable supplies on behalf of others (agents).

Types of GST Registration

1. Normal Taxpayer:
   • Regular businesses operating in India.
2. Composition Scheme:
   • Small taxpayers with a turnover of up to ₹1.5 crore can opt for this scheme to pay tax at a fixed rate and simplify compliance.
3. Casual Taxable Person:
   • For temporary businesses.
4. Non-Resident Taxpayer:
   • For non-Indian residents supplying goods/services in India.
5. E-Commerce Operators:
   • For online platforms.

Documents Required for GST Registration

1. For Individuals and Sole Proprietors:
   • PAN card.
   • Aadhaar card.
   • Photograph.
   • Proof of address.
2. For Businesses:
   • PAN card of the business.
   • Proof of business registration/incorporation.
   • Address proof of the business (electricity bill, rent agreement).
   • Bank account statement/canceled cheque.
   • Digital signature.
3. For Partnerships/LLPs:
   • Partnership deed/LLP agreement.
   • PAN and address proof of all partners.

Steps for GST Registration

1. Visit the GST Portal:
   • Go to the official GST website (www.gst.gov.in).
2. Click on “Register Now”:
   • Under the “Taxpayers” tab, select “New Registration.”
3. Fill in Details:
   • Enter your PAN, email ID, mobile number, and other required details.
4. Verification:
   • Complete the OTP verification process.
5. Application Reference Number (ARN):
   • After verification, you’ll receive an ARN for tracking your application.
6. Upload Documents:
   • Submit all required documents online.
7. GSTIN Issued:
   • After verification, the GSTIN is issued.

Benefits of GST Registration

1. Legal Recognition:
   • Provides recognition as a registered supplier.
2. Input Tax Credit:
   • Enables the claimant of input tax credit on purchases.
3. Ease of Doing Business:
   • Simplifies tax processes and increases credibility.
4. Participation in Interstate Trade:
   • Necessary for inter-state transactions.

Penalties for Non-Compliance

1. Failure to Register:
   • A penalty of 10% of the tax due (minimum ₹10,000).
2. Fraudulent Evasion:
   • A penalty of 100% of the tax due.
3. Late Filing:
   • A fine of ₹20 per day (₹50 for taxable returns).

FAQs About GST Registration

1. Is GST registration mandatory for all businesses?
   • No, only businesses exceeding the turnover threshold or meeting specific criteria need GST registration.
2. Can I voluntarily register for GST?
   • Yes, even if your turnover is below the threshold.
3. What is the validity of GST registration?
   • For regular taxpayers, it’s permanent. For casual and non-resident taxpayers, it’s valid for the period specified in the application.
4. How can I cancel my GST registration?
   • You can apply for cancellation through the GST portal if your business ceases operations or meets deregistration criteria.

GST registration is a crucial step for businesses to comply with the law and streamline operations. Proper compliance helps avoid penalties and facilitates smoother operations in India’s GST framework.