Question

make make a short list of the advantages of GST( good and service tax)​

Answer 1

Answer:

Advantages of GST:

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
8. Unorganized sector is regulated under GST

Extra information:The goods and services tax (GST) is a value-added tax levied on most goods and services sold for domestic consumption.