This document outlines 5 key benefits of the goods and services tax (GST) for Indian trade and industry: 1) It reduces multiple different taxes and simplifies the tax regime. 2) It mitigates cascading and double taxation issues. 3) It more efficiently neutralizes taxes, especially for exports. 4) It helps develop a common national market. 5) It establishes a simpler tax regime with fewer rates and exemptions.
This document outlines 5 key benefits of the goods and services tax (GST) for Indian trade and industry: 1) It reduces multiple different taxes and simplifies the tax regime. 2) It mitigates cascading and double taxation issues. 3) It more efficiently neutralizes taxes, especially for exports. 4) It helps develop a common national market. 5) It establishes a simpler tax regime with fewer rates and exemptions.
This document outlines 5 key benefits of the goods and services tax (GST) for Indian trade and industry: 1) It reduces multiple different taxes and simplifies the tax regime. 2) It mitigates cascading and double taxation issues. 3) It more efficiently neutralizes taxes, especially for exports. 4) It helps develop a common national market. 5) It establishes a simpler tax regime with fewer rates and exemptions.
This document outlines 5 key benefits of the goods and services tax (GST) for Indian trade and industry: 1) It reduces multiple different taxes and simplifies the tax regime. 2) It mitigates cascading and double taxation issues. 3) It more efficiently neutralizes taxes, especially for exports. 4) It helps develop a common national market. 5) It establishes a simpler tax regime with fewer rates and exemptions.