Question

write three advantages and disadvantages of GST?​

Answer 1

Explanation:

Advantages of GST. GST eliminates the cascading effect of tax. Higher threshold for registration. Composition scheme for small businesses. ...

Disadvantages of GST. Increased costs due to software purchase. Not being GST-compliant can attract penalties. GST will mean an increase in operational costs. ...

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Answer 2

Explanation:

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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