GST registration in Delhi is the process of registering as a taxpayer under the GST. A unique registration number known as the GSTIN - Goods and Services Tax Identification Number - is issued to a business or entity after it is properly registered. The national government assigns a 15-digit number to each taxpayer after they register for GST.
Manufacturers or firms with an annual turnover of more than Rs 40 lakhs (and Rs 10 lakhs for hill states and northeastern states) are required to register as ordinary taxable persons under the GST regime. Registration under the GST is required for some businesses.
Here are some key considerations to keep in mind while registering for GST as an individual.
Initially, the GST Act requires GST registration for any business or individual having an annual turnover of more than Rs 20 lakhs. For the special category needs, this threshold was set at Rs 10 lakhs. However, beginning April 1, 2019, this purpose has been increased to Rs 40 lakhs for the sale and acquisition of products. There were no changes made to the service provider's goals. The states were given the choice of choosing new limitations or continuing with the previous ones. Take note of the aggregate turnover metrics while applying for GST for specific consultants.
Even if you don't fit into any of the above-mentioned gross turnover categories, you should register for GST if you fall into one of the following categories.
You will fall into this category if you do not have a set business position and just provide goods and services on occasion. For example, if you decide to sell fireworks for a limited time around Diwali, you will be considered a casual taxable person. In this case, regardless of your gross revenue, you must have GST for persons.
You will fall into this group if you rarely supply goods or services to recipients who do not have an established marketplace or home in India. In this case, regardless of your gross or aggregate income, you must have a separate GST registration.
If a person receives a taxable supply of goods or services on behalf of another business or person, they will fall into this category.
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You can reach us if you face any problem or contact us, send your query at info@sktaxlawfirm.com, or call us at +91-9719-586-772. You can upload the documents and get your registration within 2-5 working days.