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Chapter: 11th Economics : Chapter 9 : Development Experiences in India

Advantages of GST

Removing cascading tax effect

Advantages of GST

 

·           Removing cascading tax effect

 

·           Single point tax

 

·           Higher threshold for registration

 

·           Composition scheme for small business

 

·           Online simpler procedure under GST

 

·           Defined treatment for e-ecommerce

 

·           Increased efficiency in logistics

 

·           Regulating the unorganized sector

 

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