TaxTMI 
TaxTMI 
Dear Sir, Please give us some advantges of GST for busines entities that will be different and very important from general advantages.Thanks & regards
Advantages of GST
29 Jun 2015 
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Goods and Services Tax increases tax transparency and streamlines indirect levies, simplifying compliance and lowering consumer prices.
Goods and Services Tax consolidates multiple indirect levies into a single, transparent tax shown on sales invoices, removing hidden taxes for registered retailers and lowering the cost of business. By broadening the tax base and applying Central GST and State GST at point of sale, GST aims to equalise tax burden between manufacturing and services, reduce consumer prices, boost export competitiveness, and simplify compliance by subsuming taxes such as octroi and sales taxes. (AI Summary)
Goods and Services Tax consolidates multiple indirect levies into a single, transparent tax shown on sales invoices, removing hidden taxes for registered retailers and lowering the cost of business. By broadening the tax base and applying Central GST and State GST at point of sale, GST aims to equalise tax burden between manufacturing and services, reduce consumer prices, boost export competitiveness, and simplify compliance by subsuming taxes such as octroi and sales taxes. (AI Summary)