September 19, 2019

Benefits of GST

GST benefits in India

       Benefits of GST                Benefits of GST

  • Replaces 17 indirect taxes
  • Easy compliances as compared to earlier tax laws
  • Removes cascading effect of taxes
  • Manufacturing cost will become lower
  • Low prices will increase the demand for goods
  • As increase in demand for goods therefore job opportunities will increase
  • Government Revenue increases due to GST
  • It will help to boost the economy in long run