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GST

On July 1st, 2017, India moved to a new tax system – one that aims at converting the entire nation into a single market. If you are new to GST and keen to know how this new tax will affect you and your business, this section will help you understand the basics of the ‘Good and Simple Tax’.

BENEFITS GST

 GST will bring in various benefits including the following.

> Uniformity of tax rates & structures

>  Removal of cascading effect of taxes

> Improved competitiveness

> Simple and easy to administer

> Revenue buoyancy

> Single and transparent taxUniformity of tax rates & structures

Jordan Reynolds

Instructor

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