Registration can be considered as an important requirement for
the identification of taxpayers and thereby ensuring tax compliances in the economy.
Without the process of registration, no person can collect any tax from his customers
nor he can claim any input tax credit (ITC) in relation to the tax paid by him.
Registration of business entity under the (Goods & Service Tax) GST Law implies,
requires and mandates of obtaining a unique number from concerned Taxation Authorities
which is required for the purpose of collecting taxes on behalf of the Government and
also to avail input tax credit(ITC) in relation to the taxes paid on the inward
supplies.
