Question

10 advantages and 10 disadvantages of gst

Answer 1

Answer:

Advantages:

__________

1.Elimination of Multiple Taxes.

2.Saving more Money

3.Ease of business

4.Easy Tax Filing and Documentation

5.Cascading Effect reduction.

6.More Employment

7.Increase in GDP

8.Reduction in Tax Evasion

9.More Competitive Product

10.Increase in revenue

Disadvantages:

____________

1.MULTIPLE REGISTRATIONS

2.INCREASE IN OPERATING COSTS

3.GST IMPLEMENTATION IN THE MIDDLE OF A FINANCIAL YEAR:

4.PRODUCTS MIGHT NOT GET ANY CHEAPER

5.INDIGENOUS MANUFACTURING

6.REAL ESTATE

7.EXPENSIVE SERVICE

8.DISTRIBUTION OF REVENUE

9.VARIOUS GSTs

10.GST NETWORK