what are the demerits of GST?
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Answer:
Demerits of Good and Service tax
Explanation:
GST is levied only on the value of the good or service. Abolition of Multiple Layers of Taxation : One of the advantages of GST is that it integrated different tax lines such as Central Excise, Service Tax, Sales Tax, Luxury Tax, Special Additional Duty of Customs, etc.
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Answer:
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.
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