Advantages of registration

The following are the advantages to a taxpayer who obtain registration under GST:

1) He is legally recognised as supplier of goods or services or both.

2) He is legally Authorised to collect taxes from his customers and pass on the credit of taxes paid on the goods or services supplied to the purchasers/recipient

3) He can claim input tax credit of taxes paid and can utilise the same for payment of taxes due on supply of goods or services.

4) Seamless flow of input tax credit from supplier to recipient at national level.

5) Registered person is eligible to apply for government bids or contract or assignments.

6) Registered person under GST can easily gain trust from customer.