With the implementation of Goods & Services Tax (GST), multiple VAT registrations are no longer required in India. The standardized single registration procedure required under GST improves ease of starting and doing business in India.SMEs enjoy certain tax advantages under GST. This gives them some relief considering their competition with much bigger firms.
Entrepreneurs, who were hesitant to start a business due to the complications involved in operations, can now rethink and establish SMEs considering the benefits that small firms receive under GST. Read more “Impact of GST on SME in India”