Advantages of GST
21-04-2020 22:25:59
GST has mainly removed the Cascading effect on the sale of goods and services. Removal of cascading effect has impacted the cost of goods. Since the GST regime eliminates the tax on tax, the cost of goods decreases.
GST is also mainly technologically driven. All activities like registration, return filing, application for refund and response to notice needs to be done online on the GST Portal; this accelerates the processes.
1. Removing Cascading tax effect.
2.Higher threshold for Registration.
3.Composition scheme for small Business.
4.Online Simpler Procedure Uner GST.
5. Lesser Compliance.
6.Defined Treatment for E- Commerce.
7. Increased Effenciency.
8.Regulating the unorganised sector
