The Advantages of the GST
The launch of GST has left most businesses in a tight spot. Here are 10 advantages of GST that will uplift your impressions about the biggest tax reform of India since its Independence.
Price Reductions
It is advantageous for companies as people will purchase more regularly due to price reductions.
One Time Transaction
Transaction will only occur a single time at Revenue Neutral Rate (RNR).This has been settled by both the Central and State Goods and Services Tax departments, (CGST and SGST).
Employment and Exports
The Central and State governments will be benefitted by GST as it is set to increase industrial activities, exports and employment opportunities.
Unified Tax
GST makes the revenue process less complicated. It will b...