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GST (Goods and Services Tax) registration is essential for businesses to comply with tax laws in India. This process allows businesses to collect GST from customers, claim input tax credit, and operate smoothly. To ensure a successful registration, it’s important to have the documents required for GST registration ready.
In 2024, GST registration is essential for small businesses in Delhi NCR, as it simplifies tax compliance and offers benefits like input tax credits, reducing overall tax liabilities. Businesses must register if their turnover exceeds ₹20 lakhs (or ₹10 lakhs in special states) by submitting required documents online.