GST 2016

Benefits of GST to Business

Benefits of GST to economy and business in number of ways:

  • Reduction in cascading and double taxation
  • Reduction in multiplicity of taxes.
  • Neutralize  taxes especially for exports.
  • GST will promote Development of common national market.

  • Simplified tax structure by:
    1) Reduced Tax rates and exemptions
    2)  Good and service clarity
  • Simplified taxation for works contract transactions
  • Simplified compliance for small traders and service providers

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