GST PROS CONS.docx - Now a day, the government implemented...

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Now a day, the government implemented Goods and Service Tax in our country. Many of them arecriticizing this one. But the implementation of GST definitely gives more benefits to both business peopleand customers. In this passage, we are going to see about the pros and cons of GST in our country.Meaning GST is Goods and Service Tax. Before implementation of Goods and Service Tax lot of tax shouldbe paid by both customers and suppliers. But after implementation of GST the uniformity taxes areimposed to all kinds of business people. So it will create a unity among the people. Pros against GST1. Simplify the Cost Price Goods and Service Tax helps to reduce the cost prices of most of thecommodities. So it will helps to all kinds of business people to buy most of the commodities at low pricescompared to previous rates. 2. Boosting Revenue Under the GST, the tax is compulsorily paid by the business people, no one beescaped. So, all business people need to file their tax return under the GST and also pay their tax into ourgovernment. If all the people pay their taxes it leads to increase the revenue of the government.

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Term
Fall
Professor
NoProfessor
Tags
implementation of GST

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