Debate in support of GST
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GST Advantages
1.GST is a transparent tax and also reduce number of indirect taxes.
2.GST will not be a cost to registered retailers therefore there will be no hidden taxes and and the cost of doing business will be lower.
3.Benefit people as prices will come down which in turn will help companies as consumption will increase.
4.There is no doubt that in production and distribution of goods, services are increasingly used or consumed and vice versa.
5.Separate taxes for goods and services, which is the present taxation system, requires division of transaction values into value of goods and services for taxation, leading to greater complications, administration, including compliances costs.
1.GST is a transparent tax and also reduce number of indirect taxes.
2.GST will not be a cost to registered retailers therefore there will be no hidden taxes and and the cost of doing business will be lower.
3.Benefit people as prices will come down which in turn will help companies as consumption will increase.
4.There is no doubt that in production and distribution of goods, services are increasingly used or consumed and vice versa.
5.Separate taxes for goods and services, which is the present taxation system, requires division of transaction values into value of goods and services for taxation, leading to greater complications, administration, including compliances costs.
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