GST registration enables legal supplier status, lawful tax collection, and claiming input tax credit. Registration under the Goods and Services Tax regime confers legal recognition as a supplier, authorizes lawful collection of tax from purchasers, and ... Summary
Registration under the Goods and Services Tax regime confers legal recognition as a supplier, authorizes lawful collection of tax from purchasers, and permits proper accounting of taxes paid on inputs to be utilised as input tax credit against GST liabilities on outward supplies, enabling the supplier to pass on the benefit of taxes paid on inputs to recipients.
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