Q.Mention any four benefits of the introduction of GST to Indian trade and commerce.

GST's main benefits flow from removing cascading taxation and creating one uniform national tax structure in place of many separate ones.

GST's introduction brought several genuine benefits to Indian trade and commerce, of which any four fully answer this question:

1. Elimination of the cascading effect — Input Tax Credit ensures tax is charged only on the value actually added at each stage.
2. A common national market — one uniform tax structure across the country in place of differing State-level rates and rules.
3. Easier, cheaper movement of goods across State borders — with Entry Tax, Octroi and check-posts removed.
4. Simpler, more transparent compliance — a single registration and largely uniform return-filing through the common GST portal. …