GST Advantages

   GST Advantages

·   GST is a transparent tax and also reduce number of indirect taxes.

·       GST will not be a cost to registered retailers therefore there will be no hidden taxes and the cost of doing business will be lower.

·       Benefit people as prices will come down which in turn will help companies as consumption will increase.

·       There is no doubt that in production and distribution of goods, services are increasingly used or consumed and vice versa.

·       In the GST system, when all the taxes are integrated, it should make possible the taxation burden to be split equitably between manufacturing and services.

·       GST will also help to build a transparent and corruption free tax administration.

·       GST is backed by the GSTN, which is a fully integrated tax platform to deal with all aspects of GST.