The GST regime in India would be built on a solid and comprehensive IT infrastructure. The availability of all taxpayer services, including registrations, returns, payments, etc., online would make compliance simple and transparent. By ensuring that indirect tax rates and structures are uniform across the nation, GST will improve company certainty and efficiency. In other words, regardless of the location of a business, GST would make conducting business in the nation tax neutral. There would be less tax cascading if tax credits were applied consistently along the whole value chain and across state lines. The hidden costs of doing business would be decreased as a result. The ability of trade and industry to compete would gradually increase with a reduction in transaction costs. The World Bank considers the Goods and Service Tax (GST) rollout and the removal of interstate checkpoints to be the most significant reforms that could increase the manufacturing sector of India's competitiveness.
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