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in Goods and Service Tax (GST) by (70.0k points)

What are the benefits of GST?

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Benefits of GST are as follows : 

1. Creation of a unified national market. 

2. Mitigation of ill-effects of cascading. 

3. Elimination of multiple taxation and double taxation. 

4. Boost to the ‘Make in India’ initiative.

 5. Widening tax base and improving taxpayer compliance.

 6. Increase in GDP.

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