Following are the advantages of obtaining the GST registration:
- Registering under GST helps to avoid the cascading effect of tax (tax on tax effect) by ensuring that the chain of taxation is not broken and the benefit of taxes paid at different stages of the product’s/service’s life cycle is passed on.
- GSTIN acts as a mark of authentication for your clients, banks or financial institutions.
- GST registered businesses or brands have special provisions on E-commerce platforms for movement of goods from one state to another.
- GST registration offers legitimacy to your business and your suppliers and clients will be easily able to trust you.