GST SERVICES AND INDIA KERALA
Services >> Business Offers | Kerala»Pearl Accountants Peal House,Vallathol junction, Thrikkakara P.O,Kochi - 682021 | 14-Nov-2016
ease of doing business. In other words, GST wouldmake doing business in the country tax neutral,irrespective of the choice of place of doing business.o Removal of cascading: A system of seamless tax-creditsthroughout the value-chain, and across boundaries ofStates, would ensure that there is minimal cascading oftaxes. This would reduce hidden costs of doingbusiness.o Improved competitiveness: Reduction in transactioncosts of doing business would eventually lead to animproved competitiveness for the trade and industry.o Gain to manufacturers and exporters: The subsumingof major Central and State taxes in GST, complete andcomprehensive set-off of input goods and services andphasing out of Central Sales Tax (CST) would reducethe cost of locally manufactured goods and services.This will increase the competitiveness of Indian goodsand services in the international market and give boostto Indian exports. The uniformity in tax rates andprocedures across the country will also go a long way inreducing the compliance cost.
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