6 Reasons Why GST Matters

By Kotak Securities:

6 reasons why GST matters. from Kotak Securities

In today's SlideShare, it is vital to understand the importance of GST. #GSTCleared

1. 6 reasons why GST matters


2. GST is a single tax on the supply of goods and services, right from the manufacturer to the consumer


3. There is a maze of indirect taxes such as sales tax, excise and VAT, which lead to increased complexity


4. The GST seeks to untangle a maze of indirect taxes such as sales tax, excise and VAT, which lead to increased complexity


5. Currently, your tax on tax is already paid by the manufacturer which increases the prices. With GST, this anomaly will be corrected thus bringing down the final price


6. Along with it, competition between the players will play a role in reducing the prices further. This is expected to be beneficial for the consumer


7. An increase in consumption demand will boost the economic growth

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