WHY GST : Benifits
To Trade
Reduction in multiplicity of taxes
Reduction in multiplicity of taxes
Mitigation of cascading/ double taxation
More efficient neutralization of taxes especially for exports
Development of common national market
Simpler tax regime
Fewer rates and exemptions
Distinction between Goods & Services no longer required
To Consumers
Simpler Tax system
Reduction in prices of
goods & services due
to elimination of
cascading
Uniform prices
throughout the
country
Transparency in
taxation system
Increase in
employment
opportunities
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