Before heading to Documents Required for Private Limited Company in Delhi Registration, we need to understand the basic requirements to be known before initiating a Pvt. Ltd Company in India;
What are the basic Documents Required for Private Limited Company in Delhi?
The company must have a unique name that should not be the same as any other registered company and trademark.
It is mandatory for a company to have a minimum of two directors.
As well as it is necessary to keep in mind that the company should have a minimum of two shareholders.
All directors & members of a company should have a digital signature certificate which will be used to register a Pvt. Ltd. company.
There is no minimum capital required for initiating a Pvt. Ltd. company.
The process of online company registration is quite simple; make sure that you have a unique name for your company which will surely help you with quick company registration.
You must avoid any offensive name for your Pvt. Ltd. company registration
Documents Required for Pvt. Ltd. company Registration
Declaration by the subscribers and by the directors
A confirmation for the address of the office
Two months utility bills copy
Certificate of incorporation of the Outer Country body corporate [If applicable]
A resolution passed by the global Company [If applicable
A recommendation declared by the promotional Company [If applicable]
The interest of the directors from other entities [If applicable]
Nominee’s assent
Identity proof and residential address of the subscribers and the nominees
Identity proof and residential address of Applicants
The Declaration/Resolution of the unregistered companies
DSC(Digital Signature Certificate)
Any other document [If required]
Documents Required for Pvt. Ltd. company Registration few requirements known like Acceptable documents for ID Proof, Address Proof, etc.
Note: Acceptable documents for ID Proof listed bellow :
Voter ID
Aadhaar Card
Passport
Electricity Bill
Ration Card
Telephone Bill
Driving License
Acceptable documents for Address Proof listed bellow:
Before heading to Documents Required for Private Limited Company Registration, we need to understand the basic requirements to be known before initiating a Private Limited Company in India;
What are the basic requirements of Online Private Limited Company in India?
The private limited company must have a unique name which should not be the same as any other registered company and trademark.
It is mandatory for a private limited company to have a minimum of two directors.
As well as it is necessary to keep in mind that the private limited company should have minimum two shareholders.
All directors & members of private limited company should have digital signature certificate which will be used to register a private limited company.
There is no minimum capital required for initiating a private limited company.
The process of online company registration is quite simple; make sure that you have a unique name for your company which will surely help you with quick company registration.
GST is an indirect tax that has replaced all the prevailing indirect taxes suitable until now. It is mainly a mixed form of all the other taxes which will cater for a single and streamline the method. After the introduction of GST, it essentially gives the thought of ‘One nation one tax’.The taxes are taxed at a single rate. The whole amount or accumulation, then divided between both Central and State governments in the title of CGST and SGST or IGST. This article will guide all about GST Registration
Who needs GST Registration?
Any business entity whose aggregate turnover in a financial year exceeds Rs 40 lakhs (Rs 20 lakhs for special category states in GST).
Note-This clause does not apply if the entity is only dealing in supply of goods/services which are exempt under GST,
Every entity registered under an earlier law of taxation (i.e., Excise, VAT, Service Tax, etc.) needs to get register under Goods and Service Tax.
Any entity or supplier dealing in inter-state supply of goods.
Casual taxable person
A tax-payer under the reverse charge mechanism
Input service distributor and its agent
E-Commerce operator or aggregator*
Non-Resident taxable person
Agents of a supplier
A Person who supplies through E-commerce aggregator.
Entities who are providing online information, acquiring database, or retrieval services from a place located outside India to a person in India, other than a registered taxable person
Certain businesses must file under GST. Carrying out business without filing is a crime and can lead to hefty penalties.
What are the Types of GST in India?
For GST administration, a model designed where the government (Central and State) have powers to impose and collect taxes through their respective legislations.
The Types of GST are Central GST, State GST, Integrated GST, and Union Territory GST. The details are given below:-
Central GST: CGST imposed a tax on the Intra State supplies of goods and services by the Central Government. When the place of the seller and the buyer is in the same state it is termed as an Intra-state supply of goods or services. A seller to collect both CGST and SGST in which CGST remains with the Central government while the SGST collected by the State government.
State GST: SGST is the tax levied on the Intra State supplies of goods and services by the State Government.
Integrated GST: Integrated GST govern by the IGST Act, the seller collects IGST from the buyer, the tax collected, divided between the Central and State Governments.
Union Territory GST: Union Territory GS applicable when any goods & services used in (UTs) of India, the revenue collected by the government of the union territory.
What are the Constituents of GST?
Registration Number
Legal Name and Constitution of business
Trade Name
Period of validity
Types of taxpayer
Date of Liability
Signature of the applicant
What is the Structure of 5 Slabs Under GST?
GST regimes are made by considering all the layman and inflation rates in mind. To make it simpler and easier, the GST is structured following the four tiers structure. These four zones are given below, which are as follows-
Zero Rates: Zero rate tax means – nil tax to apply on the goods and/or services.
Lower Rate: Lower tax rate determines the 5% tax rate applied on the CPI (Consumer Price Index) basket & mass consumption.
Standard Rate : Standard rate includes 12% & 18% of the tax rates.
Higher Rates: Higher rates tax includes 28% of the tax rate under GST Regulation.
What are the Benefits of GST Registration
Simplifies Taxation Services : GST has combined a number of indirect taxes under one umbrella and integrated the Indian market.
Reduction In Costs Of Products & Services: With the introduction of GST, the cascading effect of a series of VATs, taxes erased which has resulted in the reduction of the cost of goods and services.
Helps In Avoiding Lengthy Taxation Services : GST Registration helps the small businesses in avoiding the lengthy taxation services. As the service providers with a turnover of less than 20 lakhs and goods provider with a turnover of less than 40 lakhs are exempt from paying the GST.
Aimed At Reducing Corruption And Sales Without Receipts: GST, introduced with an aim of reducing corruption and sales without receipts. Also, it helps in reducing the need for small companies to comply with various indirect taxes.
Uniformity In Taxation Process : GST Registration brings uniformity in the taxation procedure and allows centralized registration. This helps the businesses to file the tax returns every quarter through an online process.
Minimizing Tax Evasion: With the introduction of GST, tax evasion minimized to a great extent.
Higher Threshold For Registration: Earlier, in the VAT system, any business with a turnover of more than Rs 5 lakh was liable to pay VAT in India. The in-Service tax exempted service providers with a turnover of less than Rs 10 lakh. In the GST, the regime Threshold increased to Rs 20 lakh for a lot of small traders, service providers.
Composition Scheme For Small Businesses : Under GST, small business under turnover of Rs 20 to 75 lakh can benefit as it gives an option to lower taxes by using the Composition scheme. This move has brought down the tax and compliance burden on many small businesses.
Simple And Easy Online Procedure: The complete process of GST (from registration to filing returns) done online, and it is super simple. This has been advantageous for start-ups mainly, as they do not have to run from pillar to pillars to get diverse registrations such as VAT, excise, & service tax.
Compliances Is Lesser In Number: Previously, there was VAT & service tax, each of which had its own returns & compliances. In GST, on the other hand, just one unified return to be filed.
Regulations Of Unorganized Sector: In the pre-GST, often observed that certain industries in India like building construction and textile were largely unorganized and unregulated. Under GST, however, there are provisions for online compliances and payments, and for availing of input credit only when the supplier has accepted the amount. This has brought accountability and regulation to these industries.
What is the fees for GST Registration
The ideal range varies from Rs. 1,000 to Rs. 3,000 based on the quality of service.
FAQ – Frequently Asked Questions
Can I apply for GST Registration online?
Yes, you can apply for GST Registration online. You can simply register your business on the official GST portal and then scan and upload all the required documents. You will then receive an acknowledgment. A GSTIN will be generated on acceptance of the application and a temporary password and login will be sent. GSTIN is a unique 15-digit ID. A GSTIN Pradesh, Assam, Meghalaya, Manipur, Mizoram, Nagaland, and Tripura must get a GST registration if their supply turnover exceeds Rs. 10 lakh. As mentioned above, this threshold limit applies only to businesses that operate within their home state. A business that conducts trade with another state must seek registration regardless of turnover.
Is the GST threshold limit the same for all Indian states?
The exemption limit is a supply turnover of Rs. 20 lakh for businesses in all except for the Indian states in the northeast region. Businesses in Arunachal Pradesh, Assam, Meghalaya, Manipur, Mizoram, Nagaland, and Tripura must get a GST registration if their supply turnover exceeds Rs. 10 lakh. As mentioned above, this threshold limit applies only to businesses that operate within their home state. A business that conducts trade with another state must seek registration regardless of turnover.
How would the composition scheme work under GST?
The composition scheme under GST would be applicable to businesses with a turnover of up to Rs. 50 lakh. Small businesses with turnover less than Rs. 1 crore* (Rs. 75 Lakhs for Northeastern states) can opt for a composition scheme. Such taxpayers would pay a fixed percentage of their turnover and cannot avail of the benefits of an input tax credit. Such businesses cannot collect taxes from their customers. The floor rate of tax cannot be less than 1%. *GST Council has decided to increase the limit to Rs. 1.5 crores but official notifications are awaited.
Composition dealers are required to pay tax based on their business types.
They need to file only one return on a quarterly basis. Whereas normal taxpayers are required to file three returns on a monthly basis.
Composition dealers cannot collect taxes from customers
They cannot issue taxable invoices, i.e., collect tax from customers and are required to pay the tax out of their own pocket.
No input tax credits can be claimed
Persons who are not eligible for the GST composition scheme include:
Service providers (except restaurant owners)
Non-taxable goods suppliers
Sellers operating through an e-commerce platform
Suppliers involved in the inter-state supply of goods
Manufacturers of notified goods
Does GST apply to all businesses?
Yes, GST applies to all service providers, manufacturers, and traders. It extends to any dealers, bloggers, and writers, earnings from Google AdWords through PayPal, import-export businesses, all kinds of startups and companies, whether they are LLPs, proprietorships, partnerships, or private limited companies. It also applies, regardless of the threshold limit,
Businesses operating outside their home state
A business not registered to the state
Businesses paying a reverse charge
Input service distributor
E-commerce operators
Aggregators selling services under own brand name (Ola, for example)
Online sellers
Suppliers or agents
For a complete list of FAQs on GST Registration, please click here.
When to apply for multiple GST registrations?
Under the GST regime, only one registration is allowed against one PAN. However, businesses, which operate in more than one state must have
When a person runs a business in more than one state, then he must have a separate GST registration for each state.
If the business has multiple verticals within a state, then the registration has to be done for each business vertical.
You can reach, Chartered Accountants on CA in Delhi‘s homepage to get started with GST Registration
What are the Eligibility Criteria for GST Registration?
The below mention person/entities are Document Required for GST Registration –
Any business entity whose aggregate turnover in a financial year exceeds Rs 40 lakhs (Rs 20 lakhs for special category states in GST).
Note-This clause does not apply if the entity is only dealing in supply of goods/services which are exempt under GST,
Every entity who is registered under an earlier law of taxation (i.e., Excise, VAT, Service Tax, etc.) needs to get register under Goods and Service Tax.
Any entity or supplier dealing in inter-state supply of goods.
Casual taxable person
A tax-payer under the reverse charge mechanism
Input service distributor and its agent
E-Commerce operator or aggregator*
Non-Resident taxable person
Agents of a supplier
A Person who supplies through E-commerce aggregator.
Entities who are providing online information, acquiring database, or retrieval services from a place located outside India to a person in India, other than a registered taxable person
What Document Required for GST Registration?
The Document Required for GST Registration varies with the type of business. Most important lists of documents required for GST Registration (based on the type of business) are listed below:-
