Non-registration with GST can have several implications. Firstly, businesses that are required to register under GST but fail to do so may face legal consequences, including penalties and fines. Secondly, non-registered businesses cannot collect GST from customers, which means they cannot claim input tax credits. This can lead to increased costs and reduced competitiveness. Additionally, non-registration may hinder business growth and limit access to certain benefits and incentives provided under the GST regime.
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