need a 4 min. speech on GST ....help out guys!!!!!
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need a 4 min. speech on GST ....help out guys!!!!!
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The Prices of products and services would reduce so this system would prove to be beneficial for the people who are fed up of paying huge prices.
This would reduce the burden from the state and the central government. Presently separate taxes are levied on goods and services that you produce. With the introduction of GST, all of these indirect taxes would come under a single roof.
Market development. GST would not be charged at every point of sale like other indirect taxes so this way, market would be developed.
Corruption-free taxation system. GST would introduce corruption-free taxation system. In the present scenario, the tax is levied at the time of product release from the manufacturing site, and after that retailers also pay it.
Positive impact on the Central and the State level
According to the latest reports, the introduction of GST would help India to gain $15 billion every year. Let us see how:
Improved exports
More opportunities for employment
Enhanced economy growth
Reduced burden on central and state government.
HOPE THIS WILL HELP AND PLZ MARK THIS AS BRAINLIST