Why GST?

Perceived Benefits

To Traders

  • Reduction in multiplicity of taxes
  • Mitigation of cascading/ double taxation
  • More efficient neutralization of taxes especially for exports
  • Development of common national market
  • Simpler tax regime

A) Fewer rates and exemptions
B) Distinction between Goods & Services no longer required

To Consumers

  • Simpler Tax system
  • Reduction in prices of goods & services due to elimination of cascading
  • Uniform prices through-out the country
  • Transparency in taxation system
  • Increase in employment opportunities