Goods and Services Tax Bill

1. Key Benefits of #GSTBill
• A single levy replacing many
existing taxes on Goods &
Services
• Will reduce prices in the long
run and boost economic
growth
• Fillip to trade by making India
a single market, No tax On tax
• Uniformity in taxation;
seamless transfer of goods
and services
• More tax revenues due to
transparency for the Govt,
lower tax burden for industry
• Lower prices for consumers
for many manufactured
products
• Expected to increase export
by more than 10%, add to
GDP growth
• Reduction in procedural
complexity in paying taxes,
less paperwork