Need A Financial Product Forums Tax Savings How will GST benefit exporters?

This topic contains 1 reply, has 2 voices, and was last updated by  Tikam Singh 2 years, 2 months ago.

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    Tikam Singh
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    How will GST benefit exporters?

    #47421

    Kedar Shroff
    Member

    The inclusion of the major Central and the State taxes in GST, an overall set-off of input goods and services and the phasing out of Central Sales Tax would hugely reduce the cost of locally manufactured goods and services. This will increase the level of competition of the Indian goods and services in the international market and give boost to Indian exports. What will follow is the uniformity in tax rates and procedures across the country will also go a long way in reducing the compliance cost.

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