Most asked questions from the Government on GST.

Registration

Question 01

Q 1. What is advantage of taking registration in GST?

Ans. Registration under Goods and Service Tax (GST) regime will confer following advantages to the business:

- Legally recognized as supplier of goods or services.

- Proper accounting of taxes paid on the input goods or services which can be

utilized for payment of GST due on supply of goods or services or both by the business.

- Legally authorized to collect tax f rom his purchasers and pass on the credit

of the taxes paid on the goods or services supplied to purchasers or recipients.

- Getting eligible to avail various other benefits and privileges rendered under the GST laws.