Benefits of GST

Sr. No. To Trade To Customers
1 Reduction in multiplicity of

Taxes

Simpler Tax System
2 Mitigation of cascading/ double

Taxation

Reduction in prices of goods & services due to elimination of cascading
3 More efficient neutralization of taxes especially for exports Uniform prices throughout the country
4 Development of common national market Transparency in taxation system
5 Simpler tax regime

  • Fewer rates and exemptions
  • Distinction between Goods & Services no longer required
Increase in employment opportunities

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