Question

explain any 5 of advantages of GST​

Answer 1

Answer:

❤️❤️GST is a transparent tax and also reduce number of indirect taxes. 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. Benefit people as prices will come down which in turn will help companies as consumption will increase.❤️❤️

Explanation:

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Answer 2

Answer:

1. GST eliminates the cascading effect of tax. ...

2. Higher threshold for registration. ...

3. Composition scheme for small businesses. ...

4. Simple and easy online procedure. ...

5. The number of compliances is lesser. ...

6. Defined treatment for E-commerce operators. ...

7. Improved efficiency of logistics. ...

Unorganized sector is regulated under GST.