GST on retail industry

With the Implementation of GST, the double-taxation and the multiple-taxation system has been rolled out. Over a long course of time, GST will help reducing the inflation rates along with elimination the cascading effect of multiple taxes. Retail Industry will have a economically-favorable impact due to GST implementation. Following shall be the major aspects of Impact due to GST on retail industry: Reduced tax liability due to elimination of taxes like Excise, Service tax, Octroi, VAT etc. Streamlined Input tax credit availment. Overall better governance in compliance aspect as the rational purposes of the Suppliers and buyers of the Goods and services are inclined. Reduced Tax-evasion practices due to transperancy in GST governance. We at ebizfiling.com can help you with getting GST registration at a nominal cost starting from Rs. 2,499/- (all inclusive) with the end to end support of our professional team. About EbizFiling.com : EbizFiling.com is a motivated and progressive concept conceived by like-minded people, which helps small, medium and large businesses to fulfill all compliance requirements of Indian Laws. It is a platform managed, operated and driven by CA, CS, IT professionals, Lawyers and Influencers, who have vast experiences into the respective fields. What differentiates us from others is our pricing, TAT, dedicated teams of professionals, whom we call Compliance Managers, digitally advanced platforms for client serving, among other things. Internally at EbizFiling, we have developed unique and customized working methods, which are committed to ensure error-free service delivery, faster execution and quick response time to the clients. Get in touch for free consultation on info@ebizfiling.com or call 9643203209.

GST on retail industry

How is GST applied in the Retail Industry?