As The GST came in the market as a The Game changer . The multicities of Indirect taxes lead to ambiguity in tax return which in turn gave birth to GST. Gst Gives The transparency In Tax return What are we paying & what Amount of tax you are paying For the service or product. Previously before the advent of Gst ,many Indirect taxes on the products were the results of tax on tax. Here comes GST Suvidha Centres To Consolidate The Customer.
Before GST, Two Types of
taxes we had one was the VAT which was For Goods & The secondary is
The service Tax Which Was For the latter. It will have no separate tax
based on good or services and state borders which will make it easier
and less expensive for importers and exporters.
The constant Wrangles have been made in the birth of GST. The Previous tax Structure wasnâ€™t easy to understand . The Gst Created uniformity In Tax Return. It deducted the panic that used to rise in Tax structure.
All Gst Transactions will be Implemented online. So The Messy Processes
all are removed which leads to Ransparency in online businesses.
Gst removed all the indirect taxation System Between States. User Donâ€™t need to pay the different taxes on the same product . Gst made only single Tax on the same Product.
Gst Removed all Hidden Costs associated with the Businessess.
Gst is made with such a scrutinity that it will lessen the tax collection my the government.
Businesses Who earns income lower than 20 lakhs they are not required for registration in GST .
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