GST Law – Top 30 Advantages and Disadvantages

   2020-01-18       64        Law
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Indian constitution defines tax almost similarly and has more than twenty five direct and in-direct taxes. There are different taxes imposed by state governments and the central government,

Indian constitution defines tax almost similarly and has more than twenty five direct and in-direct taxes. There are different taxes imposed by state governments and the central government, separately. So many taxes, surely had chances of non-compliance and formulating a single tax across the country was the need of the hour. This imperative necessity gave birth to GST- Goods and Service Tax!

Levying a compulsory financial bill on individuals or legal institutes by a state or equivalent to meet public expenditure is called “Tax”. You are acquainted with various taxes like – income tax, property tax, sales tax and service tax. Across the globe every country has their own architecture and set of rules and guidelines to pay taxes, which are adhered and any non-compliance is punishable act under their law.

So here, this article deals with the advantages and disadvantages of GST!

https://www.advantages-disadvantages.co/goods-service-tax-law/

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Anand Sharma from Adda

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Anand Sharma

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