Explain types of gst along with its merits?
Dear Student. The significant types- CGST, SGST, IGST and UTGST will provide a smooth mechanism of tax collection for the respective central, state and union territory governments of India. GST eliminates the cascading effect of tax. ... Higher threshold for registration. ... Composition scheme for small businesses. ... Simple and easy online procedure. ... The number of compliances is lesser. ... Defined treatment for E-commerce operators. ... Improved efficiency of logistics. ... Unorganized sector is regulated under GST. Regards