what are benefits of GST
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GST is aimed at reducing corruption and sales without receipts. GST reduces the need for small companies to comply with excise, service tax and VAT. GST brings accountability and regulation to unorganised sectors such as the textile industry.
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It removes the bundle of indirect tax such as VAT,CST,CAD and Excise. Removal of cascading effect of taxes i.e remove taxes on taxes.
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