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What are the Benefits of Goods & Services Tax?


  • Cascading tax effect (meaning tax on tax) will no longer exist
  • Input Tax Credit will be easier to avail
  • Returns and compliances will be consolidated
  • Increased efficiency in Logistics
  • Subsumes variety of Indirect Taxes
  • Higher threshold for Registration
  • Composition scheme for smaller businesses
  • Online simpler procedure
  • Regulating the unorganised sector

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