Advantages and Implications of GST

GST popularly know as Goods and Service tax has been much of the talk of the town. The day when GST bill was passed in Lok Sabha, it has created lot of havoc and complexities in life of small business man, normal traders and for Chartered Accountants as well.

GST was introduced to reduce ambiguity and remove dual tax structure. GST simplified and integrated the state and central taxes into one and is primarily applied on s