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PROS AND CONS.... So friends, Good Evening! I am Harsh D. and I have come with an interesting topic. Each thing has pros and cons. And today I am going to talk about the pros and cons of GST. Here are some of the advantages of GST. ADVANTAGES OF GST - Simplified and Transparent tax system to all Reduction in Sales price of Mandatory goods due to less GST Rates and elimination of cascading One Tax Rate throughout the country results in Same Price of goods With New type of Tax there will be Increase in employment opportunities Double taxation will be End. No Tax over the Tax Now Advantages of GST to Trade is that it will promote Exports with single type of Tax One India One Market Simplified Tax System. Get Input credit on all Purchases and services. DISADVANTAGES OF GST - 1) The Service Tax in India is now 15% but the proposed GST is about 18-20%. All the services will be Costlier and this one of the Disadvantages of GST Bill on Common Person. There
