Everything Which You Need To Know About GST Registration

GST is considered one of the greatest Tax reforms in India. This act was in the proposal for a long time and finally got implemented in the year 2017. Within one year, we can see a significant improvement in the taxpayer base in India. Also, tax complexities also got reduced because, in the form of GST, a single system of Tax payment was introduced.

After the implication of Good & Service Tax Act 2017, it has become mandatory for all business owners who are buying, selling or providing goods and service of any kind in India. Thus you must get GST Registration in Delhi NCR if you want to take the benefit of various tax credits.

The need for GST registration

According to the provisions of this rule, all the entities having an annual turnover of ₹20 Lakh (in some states 10 lakh) or above are needed to register under GST. Some special criteria of the law may also demand a certain entity to get registered for GST. If your organization fall under this category then you must get yourself registered. GST Registration is necessary because, without GST registration, the entity would not be allowed to collect GST from a customer or claim the input tax credit. The entity can also be penalized which is not at all good for the image of the company. Also, you get a legally recognized organization of supplier of Goods and Services. Thus it is best to start processing for GST Registration in West Delhi as soon as cross the minimum turnover limit.

How To Get The Registration Done?

In order to improve the Taxpayer base in India, the Government has kept the method for GST Registration very easy and smooth. The process can do online thus you can save your time and energy. Every new entity which wants to register would have to apply from a portal which is maintained by the central government. For this, the government has also provided the help of GSP's (GST Suvidha Providers). These people help all the entities with the registration process. When you are applying for the GST Registration, you have to submit your PAN, Mobile Number and email address. Once the concerned authority verifies all these details, you are given an application reference number which is used for further processing. After that, you have to submit various other forms according to the types of goods or service you deal in. As all the details are submitted, the concerned authority issues you your GST Registration Number.

It takes a little time to do all this however you do not have that much time then you can take the help of the agencies providing registration services in the market. There are many such agencies in the market which assist the organization in this matter. They take a very reasonable charge for it and do everything with utmost care. Apart from helping in the GST Registration, they also help in company registration, Partnership Registration, Annual Filingof Companies etc. You must take their help if you are new in the industry.