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Neha Lakhotia
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• Simple and Easy to Administer – Backed with a smooth end-to-end IT system, GST would be simpler and easier to administer than all other indirect taxes of the Central and State levied so far.
• Better controls on leakage – G Due to the seamless transfer of input tax credit from one stage to another in the chain of value addition, there is an in-built mechanism in the design of GST that would encourage better tax compliance by traders.
• Higher revenue efficiency – GST is expected to decrease the cost of collection of tax revenues of the Government, and will therefore, lead to higher efficiency
• Better controls on leakage – G Due to the seamless transfer of input tax credit from one stage to another in the chain of value addition, there is an in-built mechanism in the design of GST that would encourage better tax compliance by traders.
• Higher revenue efficiency – GST is expected to decrease the cost of collection of tax revenues of the Government, and will therefore, lead to higher efficiency
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