Advertisement

Features of GST

notes

  •  Many Indirect Taxes are subsumed under GST. 
  • No dispute between Goods and Services.
  •  Statewise Registration for traders. 
  • GSTIN holder needs to keep all the records and should pay GST in time. 
  • Transparency in transactions.
  •  This tax system is simple and easy to understand . 
  • Removal of cascading effect of taxes hence the prices are controlled
  •  Increase in Quality of Goods and Services as they are globally competetive. 
  • Boost to ‘Make in India’ project. 
  • Technology driven tax system leads to speedy decisions.
  •  Goods and Service Tax system is a Dual model, as equal amount of tax is levied
    by Central and State governments.
If you would like to contribute notes or other learning material, please submit them using the button below.
Advertisement
Share
Notifications

View all notifications
Login
Create free account


      Forgot password?
View in app×