What's the benefit of GST?
GST will provide tax credit benefit at every stage in chain. Today at every stage margin is added and tax is paid on whole amount, in GST you will have tax credit benefit and tax will be paid on margin amount only. It will reduce cascading effect of tax thereby reducing cost of product.
What is the impact of GST?
Impact of GST on cab services is beneficial for passengers as it has reduced travelling costs. However, GST results in increase in the lease payments. Rate of GST on IT sector has increased to 18% but the IT industry will enjoy an increase in sales thanks to demand of GST software
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