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What Is The Main Change That Will Be Witnessed With The Introduction Of The Gst? |
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Answer» The biggest BENEFIT that will be witnessed with the introduction of the GST is that multiple taxes that currently exist will no LONGER remain in the picture. This means that taxes like OCTROI, CENVAT, central sales tax, state sales tax, entry tax, license FEES, turnover tax etc will no longer be present and all that will be brought under the GST. Businesses thus will not have to DEAL with multiple taxes but will be able to undertake the tax compliance in an easy manner. The biggest benefit that will be witnessed with the introduction of the GST is that multiple taxes that currently exist will no longer remain in the picture. This means that taxes like octroi, CENVAT, central sales tax, state sales tax, entry tax, license fees, turnover tax etc will no longer be present and all that will be brought under the GST. Businesses thus will not have to deal with multiple taxes but will be able to undertake the tax compliance in an easy manner. |
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