Table of Contents
o
(A)
Benefits for business and industry
§
(i)
Reduction in multiplicity of taxes
§
(ii)
Removal of cascading of taxes
§
(iii) Improved competitiveness
§
(v)
Gain to manufacturers and exporters
o
(B)
Benefits for Central and State Governments
§
(i)
Simple and easy to administer
§
(ii) Better controls on leakage
§
(iii) Higher revenue efficient
§
(iv) Boost to Foreign Investment and “make in India”
campaign
o
(C) Benefits for the consumer
§
(ii) Reduction in prices of goods and services due to
elimination of cascading
§
(iii)
Relief in overall tax burden
§
(iv)
Uniform prices throughout the country
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