GST was introduced on 1st July 2018, GST (Goods and Services Tax) is an indirect tax levied in India for reducing the amount of various taxes. GST has reduced the cascading effect of several taxes. GST has removed the tax such as VAT (Value Added Tax), Service Tax etc. The government of India has mandated every business holder to register themselves under GST. GST registration should be done when the business falls in GST registration criteria.
As GST holds few Pros, there are few Cons as well. So here in this article let us understand what are the Advantages and Disadvantages of GST.
Advantages of GST
Disadvantages of GST
GST has been introduced after a long research and made sure that it will be beneficial for the people as well as the traders. This might effect in both possible ways which is negative as well as positive. For detailed information regarding GST you can visit online GST portals and get detailed information from the expertise.