Goods & Services Tax is a Single Tax on the supply of Goods and Services, right from the manufacturer to the customers. The overall advantages of GST are...
For Industry & Bussiness
For State and Central Goverments
For the Customers
GST is one indirect tax for the whole nation, which will male India one unified common market.Credits of input taxes paid at it's each stage will be available in the subsequent stage of value addition, which makes GST essentially a tax only on value addition at each stage. The final consumer will thus bear only the GST charge by the last dealer in the supply chain, with set-off benefits at all the previous stages.