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2026-05-28 12:52:43 -

Advantages and Disadvantages of GST for Small Businesses

Introduction The introduction of the Goods and Services Tax (GST) was one of the biggest tax reforms in India. GST replaced multiple indirect taxes like VAT, service tax, excise duty, and entry tax with one unified taxation system. The main aim of GST was to simplify taxation and create a single national market. For small businesses, GST has brought both opportunities and challenges. While it...

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