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  1. #1
    William is offline Junior Member
    Join Date
    Nov 2018
    Posts
    1

    What are the benefits of GST?

    The Goods and Service Tax is a comprehensive value added tax on the supply of Goods and services.GST will replace all the indirect taxes like excise duty,VAT,CST etc levied on goods and services by Government.GST has many advantages.The whole taxation process become simpler and easy to understand,Revenue will get a boost,whole Indian market become a common place for trading,logistics and inventory costs will fall,manufacturing goods could become cheaper.So it has many benefits.If a business turnover is 20 lakhs,then the businessman need GST registration.Today GST Registration can be done online.It is so important today.GST would include with a single wide ranging tax,calling it all under roof,removing the cascading outcome of taxes on the production and delivery costs of goods and services.
    Last edited by William; 14-11-18 at 05:21 PM.


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