Advantages Of Taking GST Regitration

Registration will confer the following advantages to a taxpayer:

  • He is legally recognized as supplier of goods or
    services.
  • He is legally authorized to collect tax from his
    customers and pass on the credit of the taxes paid
    on the goods or services supplied to the purchasers/
    recipients.
  • He can claim input tax credit of taxes paid and can
    utilize the same for payment of taxes due on supply
    of goods or services.
  • Seamless flow of Input Tax Credit from suppliers
    to recipients at the national level.

Source: CBIC Websire

 

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