Features of gst

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Features of gst

Posted by Shayna Vyas 6 years, 1 month ago

CBSE > Class 12 > Economics

1 answers

Yogita Ingle 6 years, 1 month ago

GST is taxation system based on destination.
GST subsumed almost 17 types of taxes from previous system of taxation.
GST has implemented on win to win concept for both state and central
GST helped to avoid double taxation which was in VAT tax system.
GST not at all affect the big traders, but small vendors are burdened for monthly filing of return.
GST has different slabs which encourages trade in the economy.
GST strict yardstick to tax evasion.
GST bought more wieghtage to commerce in the essence of education.
GST bought many employment opportunities.

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