Benefits of GST in India
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Explanation:
Advantages of GST
GST eliminates the cascading effect of tax. ...
Higher threshold for registration. ...
Composition scheme for small businesses. ...
Simple and easy online procedure. ...
The number of compliances is lesser. ...
Defined treatment for E-commerce operators. ...
Improved efficiency of logistics. ...
Unorganized sector is regulated under GST.
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Answer:
✨Advantages of GST✨
#Upcoming of Common
# National Market. ...
#Elimination of Cascading
#Effect of Taxes. ...
#Increased Exemption Limit for Small traders or Service Providers. ...
#Small Businesses Benefit from the Composition Scheme. ...
#Reduced Tax Compliances as Number of Tax Returns to be
Filed Under GST Has Come Down.
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