7 major benefits of Goods and Services Tax

Goods and Services Tax (GST) aims to make India a common market with common tax rates and procedures and remove the economic barriers, thus paving the way for an integrated economy at the national level. By subsuming most of the Central and State taxes into a single tax and by allowing a set-off of prior-stage…

How GST will help the consumers?

Goods and Service Tax is an indirect tax which the Government of India is planning to levy on all goods and services apart from those exempted by the GST law. The GST taxation laws will put an end to multiple taxes like excise, CST, VAT, service tax etc., which are levied on different products, starting…

Real State Sector

Benefits of GST to Real Estate Sector

GST could bring in transparency in the real estate sector, possibly reduce cost of home ownership, especially if GST rate is lower than current rates put together. It could also lead to lower compliance costs and input costs for builders. Getamber Anand, national president of industry body CREDAI says it could reduce harassment that is…

GST Advantages

Top 10 Advantage of Goods And Services Tax ( GST )

One Nation One Tax:- The one of the major advantage about GST in India that it is going to replace many indirect taxes like Central Excise Duty Additional Excise Duties The Excise Duty levied under the Medicinal and Toiletries Preparation Act Service Tax Additional Customs Duty, commonly known as Countervailing Duty (CVD) Special Additional Duty…