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110045.00 Dollar US$ GST Registration New Delhi
- Location: Delhi, New Delhi, Delhi, India
GST Registration is the process through which a business or entity registers under the Goods and Services Tax (GST) system, a comprehensive indirect tax law that was introduced in India on July 1, 2017. The aim of GST is to simplify the taxation process and establish a single, unified tax system across India, replacing various indirect taxes such as VAT, Service Tax, and Excise Duty.
Once a business is registered under GST, it receives a unique GST Identification Number (GSTIN) and is authorized to collect GST on behalf of the government, adhere to tax regulations, and claim benefits like Input Tax Credit (ITC) for taxes paid on purchases. GST registration also ensures that businesses contribute to the government’s tax revenue in a transparent and accountable way.
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