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nainakapoor commented 11 months ago

GST is a single tax that will replace all the existing indirect taxes levied in India. These taxes include Sales tax (VAT), Excise duty (CENVAT), Service tax, Octroi, Entertainment tax, Luxury tax etc.

What are the benefits of GST?

Here are benefits of GST tax in India given below:

  1. Simplified tax regime:
  2. Increased revenues: 
  3. Reduce the cascading effect of taxation: 
  4. Improve ease of doing business:
  5. Boost GDP
  6. Optimal supply chain decisions:

Hope now you know what is GST and what are the main benefits of gst in India.

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