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What will be the GST impact on service sectors?

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What will be the GST impact on service sectors?
posted Mar 26, 2018 by Babita Thawani

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1 Answer

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Many service businesses will face a lot of changes over the years as they try to conform to the introduction of this new taxation system and we can be sure that many of them are happy because of the changes. You can trust that this new taxation system will also affect the people in general and not only business owners.
1. No double taxation
2. More Clarity For Software Industry
3. Repairs and maintenance
4. Access to inputs held in stock
5. Fewer costs to service providers
6. The cost of inputs is likely to drop
7. It will bring equality in all states

answer Mar 27, 2018 by Deepak Jangid