Top Advantages of GST

Akhil Sharma21 Jun, 2025Business

GST (Good and Services Tax) is a single tax that the government charges on the sales of goods and services. It replaces old taxes like VAT, service tax, and excise duty. GST is the same across the states in India, which makes buying and selling easier as it removes different tax rates in each state. Here are the tops advantages of GST that business and consumers must know: 1. Simple Tax System 2. No Double Tax (Cascading Effect) 3. Promotes Formal Business 4. More Businesses Come Under Tax 5. Better for Exporters.