20191004

Disadvantages of GST does not outweigh Advantages.

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How much of this disadvantage factors is correct or true ? Do you agree with these aspects ? Cleartax.in has posted this.

Disadvantages of GST

  1. Increased costs due to software purchase
  2. Being GST-compliant
  3. GST will mean an increase in operational costs
  4. GST came into effect in the middle of the financial year
  5. GST is an online taxation system
  6. SMEs will have a higher tax burden
  1. GST eliminates the cascading effect of tax
  2. Higher threshold for registration
  3. Composition scheme for small businesses
  4. Simple and easy online procedure
  5. The number of compliances is lesser
  6. Defined treatment for E-commerce operators
  7. Improved efficiency of logistics
  8. Unorganized sector is regulated under GST

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