Question

explain any 4 benefits of GST​

Answer 1

Answer:

Simple and easy online procedure. The entire process of GST (from registration to filing returns) is made online, and it is super simple. This has been beneficial for start-ups especially, as they do not have to run from pillar to post to get different registrations such as VAT, excise, and service tax.

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Answer 2

Answer:

GST is levied only on the value ofthe good or service. Abolition of Multiple Layers of Taxation : One ofthe advantages of GST is that it integrated different tax lines such as Central Excise, Service Tax, Sales Tax, Luxury Tax, Special Additional Duty of Customs, etc. into one consolidated tax.

Answer 3

Answer:

GST is levied only on the value ofthe good or service. Abolition of Multiple Layers of Taxation : One ofthe advantages of GST is that it integrated different tax lines such as Central Excise, Service Tax, Sales Tax, Luxury Tax, Special Additional Duty of Customs, etc. into one consolidated tax.