Registering under the Goods and Service Tax (GST)
provides numerous benefits for businesses; not only does it simplify the
filing process, but it also allows businesses to claim input tax credits
and eliminates double taxation. Furthermore, registering under GST helps
businesses track their transactions and maintain transparency, while
also allowing them to avail various tax exemptions. Lastly, businesses
are also able to gain recognition, credibility, and trust amongst
customers. Overall, registering under GST helps businesses streamline
their tax filing process, claim input tax credits, eliminate double
taxation, track transactions, avail tax exemptions, and gain
recognition.