What are the Benefits under GST?

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Asked by Maxabout Team 44 Rep.

What are the Advantages of GST?

Naman Vashisht answered
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    Following are the benefits of GST:

    1. Simpler System of Taxation: GST will ensure uniform implementation of tax throughout the country, and it is also a transparent system of taxation.
    2. There will be no hidden taxes so naturally the cost of doing business will also go down for all the registered dealers.
    3. GST reduces a lot of complications as in many production cycles, services and production of Goods are interlinked. The confusion is avoided by getting one system of taxation.
    4. Tax burden is easily distributed among services and goods
    5. It also reduces corruption in the system by introducing transparency.
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