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Advantages and Disadvantages of GST – in simple words #GST #finance #e-learning
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Advantages and Disadvantages of GST in India for New, Old Businesses and the Common Man
✅ Watch the complete video to read about Advantages and Disadvantages of GST made simple for you
Curious about GST, Indirect tax, Indian tax system?
GST is relatively a newer tax system in India and took almost 17 years to create its structure and implement. It is similar to any other tax reform and as such there are advantages and disadvantages of GST in India.
The talks of its implementation started in 2000 but finally was implemented on 1st July 2017. It is in the nascent stage and has a few disadvantages but certainly advantages of GST in India outweighs the former. We will discuss in detail here the advantages and disadvantages of GST:
With some advantages like Uniformity and Reduction in compliances, One Market One Tax One Nation, elimination of Cascading Effect or Double Taxation, GST is relatively a recent tax reform. One of the biggest advantages of GST in India is the fact it brings forth one market one tax one nation in place. One of the biggest disadvantages of GST in India is the complexity in a few interpretations.
✅ Watch the complete video to read about Advantages and Disadvantages of GST made simple for you
Curious about GST, Indirect tax, Indian tax system?
GST is relatively a newer tax system in India and took almost 17 years to create its structure and implement. It is similar to any other tax reform and as such there are advantages and disadvantages of GST in India.
The talks of its implementation started in 2000 but finally was implemented on 1st July 2017. It is in the nascent stage and has a few disadvantages but certainly advantages of GST in India outweighs the former. We will discuss in detail here the advantages and disadvantages of GST:
With some advantages like Uniformity and Reduction in compliances, One Market One Tax One Nation, elimination of Cascading Effect or Double Taxation, GST is relatively a recent tax reform. One of the biggest advantages of GST in India is the fact it brings forth one market one tax one nation in place. One of the biggest disadvantages of GST in India is the complexity in a few interpretations.
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