About GST

ADVANTAGES FOR TRADE AND INDUSTRY

1. Common procedures for registration, duty payment, return filing and refund of taxes

2. Seamless flow of tax credit from manufacturer/supplier to user/retailer to eliminate cascading of taxes.

3. More efficient neutralization of taxes to make our exports more competitive internationally.

4. Benefit of exemption/composition scheme for a large segment of small scale suppliers to make their products cheaper.

Refer:: gst-could-be-a-game-changer