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Here is a list of benefits that GST has given to India. Now, even without the help of an advisor, a small trader can easily file GST returns. Implementation of GST has resulted in huge benefits such as efficiency in transport system etc. Tax Guru is a portal where you will get full information related to TDS, GST updation, taxation, etc. To get periodic updates on GST and more information on how to calculate GST in India, check Tax Guru.
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BENEFITSOFGST TOINDIA 1 NODOUBLETAXATION Double taxation means levy of tax more than once on a single transaction In the previous tax regime, there was double taxation on many goods and services 2 NOCASCADINGEFFECT Cascading effect means tax on tax. Due to cascading effect, defect of taxation system has been removed in GST. 3 REDUCTIONINCORRUPTION Due to introduction of GST, everything is available on GST portal and there are no manual dealings with Government employees. 4 NONEEDOFBIFURCATION B/WGOODS & SERVICES In GST regime, there is no need of bifurcation between goods and services. 5 EASYCOMPLIANCE Now, even a small businessman without the help of consultant can file the GST returns easily. For more information regarding & to get time to time updates on GST, do check out Tax Guru. how to calculate gst in India W W W . T A X G U R U . I N
