Now a days GST comes on every transactions now you can see that if your check your bank account mini statement on every debit and credit amount some gst must be deducted all the time. Now you can see it yourself that GST must be with every transactions all the time while with banking and now to all with every bill.
This chain effects on every sectors like manufacturing, supply, developer, technology , banking, infrastructure than you can see that all the sectors pay GST and provide a good economy to Indian market. Impact on long terms basis every one can see the changes right now.
SIMPLIFIED ONLY ONE TAX:
As cleared from the image no need to pay multiple taxes now just pay single tax and charge on every bill according to this tax all the time.This is the biggest change you are seeing right now.Software make it more easy to handle all the tax information.
SIMPLE AND SEEMLESS INPUT TAX CREDITS:
GST removes every burden so many duties come to pay here in retail, manufacturing sector. This single tax concept takes our every boundaries and limit to a single boundary. Way to resolve the hierarchical structure of tax payments to make it simple for all.
SUPPLY CHAIN EFFICIENCY INCREASED WITH GST:
NO MORE PROMOTIONAL SCAMS:
In earlier times so many retail firms provide promotional scams like buy 2 get 1 gift free. Get movie vouchers gifts free but because of this one tax formula there more tax have to pay for any promotional event. So fake cheap promotional events automatically goes to end with this.
This chain effects on every sectors like manufacturing, supply, developer, technology , banking, infrastructure than you can see that all the sectors pay GST and provide a good economy to Indian market. Impact on long terms basis every one can see the changes right now.
SIMPLIFIED ONLY ONE TAX:
SIMPLE AND SEEMLESS INPUT TAX CREDITS:
SUPPLY CHAIN EFFICIENCY INCREASED WITH GST:
As supply of goods become more and more easy so the manufacturing goods supplied easily to retail sector from anywhere with in the country. Now we can say is any retail sector businessman
can open their business anywhere in India without any prior inventory stock management godown. This increase efficiency of supply chain and more and more stock will be supplied around all the corners in India.
NO MORE PROMOTIONAL SCAMS:
In earlier times so many retail firms provide promotional scams like buy 2 get 1 gift free. Get movie vouchers gifts free but because of this one tax formula there more tax have to pay for any promotional event. So fake cheap promotional events automatically goes to end with this.
Other than these effects, GST hopefully bring in a lot of changes and hopefully this single tax system make a better impact on Indian Economy as now you can see year by year these changes
Now how technology will effect on this system here are some great products in market to enlarge the benefits of this system.
Choose any one as according to your work and get the best results all the time........
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