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    <description>Voluntary registration creates a liability to pay GST from the date of registration; tax is ordinarily chargeable and payable only from that registration date if prior turnover did not exceed the compulsory registration threshold. The registered person may, however, account for tax on pre registration turnover and claim input tax credit on inputs and capital goods held in stock immediately before registration, subject to the statutory conditions and any time bar on credit entitlement.</description>
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      <description>Voluntary registration creates a liability to pay GST from the date of registration; tax is ordinarily chargeable and payable only from that registration date if prior turnover did not exceed the compulsory registration threshold. The registered person may, however, account for tax on pre registration turnover and claim input tax credit on inputs and capital goods held in stock immediately before registration, subject to the statutory conditions and any time bar on credit entitlement.</description>
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