Question

pros and cons pf GST

Answer 1

advantages and disadvantages of GST:

Advantages of GST:-)

✴⚫↪GST eliminates the cascading effect of tax
✴⚫↪Higher threshold for registration
✴⚫↪Composition scheme for small businesses
✴⚫↪Simple and easy online procedure
✴⚫↪The number of compliances is lesser
⚫✴↪Defined treatment for E-commerce operators
✴⚫↪Improved efficiency of logistics
✴⚫↪Unorganized sector is regulated under GST.

disadvantages of GST:-(
✴⚫↪Increased costs due to software purchase
✴⚫↪Being GST-compliant
✴⚫↪GST will mean an increase in operational costs
✴⚫↪GST came into effect in the middle of the financial year
⚫✴↪GST is an online taxation system
✴⚫↪SMEs will have a higher tax burden.☺☺HOPE THIS WILL HELP U..#RUCHI^_^

Answer 2

Answer:

hope it helps you dear mate