Write the Advantages of GST
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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. into one consolidated tax. It prevents multiple tax layers imposed on goods and services.
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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..
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