GST business registration establishes unique identification enabling input tax credit accounting and legal supplier recognition.

Registration under the Goods and Services Tax framework establishes a unique identification for each taxable business to enable aggregation, correlation and compliance verification of operations. Registration confers legal recognition as a supplier, enables accounting of input tax credits for offset against output tax, and permits passing input tax credit to recipients. The report was prepared by a Joint Committee tasked with reviewing business-process recommendations and framing harmonised registration and return processes, including considerations for an integrated GST model.

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