Question

Give two advantages on GST.

Answer 1

Due to GST,

Every retailer has to pay tax!

There will be no More taxes like Central excise, State excise, only one tax would be there

Eruption of Black money

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Answer 2

Advantage of GST: -
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1. In India, the tax system will be easy and get rid of the tax on taxation tax.
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2. According to a report by the National Council of Applied Research, due to the implementation of GST, India's GDP is likely to increase by 2 to 3 percent.
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3. In the present system, if a company or factory sells its product in one state and sells it in another state, then it will have to pay a lot of tax to both the states, which increases the price of the product, but GST will only be taxed by one The price of the products will decrease.
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