What is the aim of GST?
GST aims at eliminating the complications of tax administration and compliance.GST aims at ensuring a unified tax for the entire nation. GST aims at eliminating the unhealthy competition among the states due to taxes and revenues. To avoid the further clarification issues, GST aims at reducing the tax slab rates.
What is GST and why it is important?
GST aims to replace all indirect levied on goods and services by the Indian Central and State governments. GST would subsume with a single comprehensive tax, bringing it all under a single umbrella, eliminating the cascading effect of taxes on the production and distribution prices of goods and services.
What is the benefit of GST in India?
GST Advantages and Disadvantages. The GST is a Value added Tax (VAT) is proposed to be a comprehensive indirect tax levy on manufacture, sale and consumption of goods as well as services at the national level. It will replace all indirect taxes levied on goods and services by the Indian Central and State governments.
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