- 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.