{"id":55493,"date":"2017-05-22T15:10:07","date_gmt":"2017-05-22T09:40:07","guid":{"rendered":"http:\/\/www.vskills.in\/certification\/tutorial\/?p=55493"},"modified":"2024-04-12T14:20:27","modified_gmt":"2024-04-12T08:50:27","slug":"why-gst-is-needed","status":"publish","type":"page","link":"https:\/\/www.vskills.in\/certification\/tutorial\/why-gst-is-needed\/","title":{"rendered":"GST Tutorial | Why GST is needed?"},"content":{"rendered":"<h1>Why GST is needed | GST Need<\/h1>\n<p class=\"VSKILLbodytext\">Why Goods &amp; Services Tax is needed after many years of having an indirect taxation system in India, for long. The new Goods &amp; Services Tax indirect taxation offers various benefits but we need to consider the benefits and drawbacks as well.<\/p>\n<p class=\"VSKILLbodytext\">The existing indirect tax laws are origin-based tax, structured to levy and collect at the point of happening of the prescribed taxable event. The indirect taxes are prone to abuse and also they do not focus on value being added to the product or service. Goods &amp; Services Tax will remove this major weakness and will also track the flow of goods or services across India. Goods &amp; Services Tax will also make it easier for good or services to be provided across India.<\/p>\n<p>It therefore becomes imperative for the economy to shift towards introduction of Goods and Services Tax or GST which would<\/p>\n<ul>\n<li>reduce\/mitigate the cascading effect<\/li>\n<li>bring about uniformity across the tax horizon<\/li>\n<li>ensure certainty and equity through efficient tax laws<\/li>\n<li>add to ease of doing business in India<\/li>\n<\/ul>\n<h3><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-61729\" src=\"https:\/\/www.vskills.in\/certification\/tutorial\/wp-content\/uploads\/2017\/05\/GST-Tutorials.png\" sizes=\"auto, (max-width: 1200px) 100vw, 1200px\" srcset=\"https:\/\/www.vskills.in\/certification\/tutorial\/wp-content\/uploads\/2017\/05\/GST-Tutorials.png 1200w, https:\/\/www.vskills.in\/certification\/tutorial\/wp-content\/uploads\/2017\/05\/GST-Tutorials-300x45.png 300w, https:\/\/www.vskills.in\/certification\/tutorial\/wp-content\/uploads\/2017\/05\/GST-Tutorials-768x115.png 768w, https:\/\/www.vskills.in\/certification\/tutorial\/wp-content\/uploads\/2017\/05\/GST-Tutorials-1024x153.png 1024w, https:\/\/www.vskills.in\/certification\/tutorial\/wp-content\/uploads\/2017\/05\/GST-Tutorials-712x106.png 712w\" alt=\"\" width=\"1200\" height=\"179\" \/><\/h3>\n<p><a href=\"http:\/\/www.vskills.in\/certification\/tutorial\/accounting-banking-finance\/gst-tutorial\/\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone wp-image-55483 size-full\" src=\"http:\/\/www.vskills.in\/certification\/tutorial\/wp-content\/uploads\/2017\/05\/Back-Arrow.jpg\" alt=\"GST Tutorial Index\" width=\"47\" height=\"52\" \/>Back to GST Tutorial Main Page <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Why GST is needed | GST Need Why Goods &amp; Services Tax is needed after many years of having an indirect taxation system in India, for long. The new Goods &amp; Services Tax indirect taxation offers various benefits but we need to consider the benefits and drawbacks as well. The existing indirect tax laws are&#8230;<\/p>\n","protected":false},"author":1,"featured_media":0,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-55493","page","type-page","status-publish","hentry","category-uncategorized"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v24.5 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Goods &amp; Services Tax Tutorial | Why GST is needed<\/title>\n<meta name=\"description\" content=\"The new Goods &amp; Services Tax indirect taxation offers various benefits but we need to consider the benefits and drawbacks as well.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.vskills.in\/certification\/tutorial\/why-gst-is-needed\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Goods &amp; Services Tax Tutorial | Why GST is needed\" \/>\n<meta property=\"og:description\" content=\"The new Goods &amp; Services Tax indirect taxation offers various benefits but we need to consider the benefits and drawbacks as well.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.vskills.in\/certification\/tutorial\/why-gst-is-needed\/\" \/>\n<meta property=\"og:site_name\" content=\"Tutorial\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/vskills.in\/\" \/>\n<meta property=\"article:modified_time\" content=\"2024-04-12T08:50:27+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.vskills.in\/certification\/tutorial\/wp-content\/uploads\/2017\/05\/GST-Tutorials.png\" \/>\n<meta name=\"twitter:label1\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data1\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.vskills.in\/certification\/tutorial\/why-gst-is-needed\/\",\"url\":\"https:\/\/www.vskills.in\/certification\/tutorial\/why-gst-is-needed\/\",\"name\":\"Goods & Services Tax Tutorial | Why GST is needed\",\"isPartOf\":{\"@id\":\"https:\/\/www.vskills.in\/certification\/tutorial\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.vskills.in\/certification\/tutorial\/why-gst-is-needed\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.vskills.in\/certification\/tutorial\/why-gst-is-needed\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.vskills.in\/certification\/tutorial\/wp-content\/uploads\/2017\/05\/GST-Tutorials.png\",\"datePublished\":\"2017-05-22T09:40:07+00:00\",\"dateModified\":\"2024-04-12T08:50:27+00:00\",\"description\":\"The new Goods & Services Tax indirect taxation offers various benefits but we need to consider the benefits and drawbacks as well.\",\"breadcrumb\":{\"@id\":\"https:\/\/www.vskills.in\/certification\/tutorial\/why-gst-is-needed\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.vskills.in\/certification\/tutorial\/why-gst-is-needed\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.vskills.in\/certification\/tutorial\/why-gst-is-needed\/#primaryimage\",\"url\":\"https:\/\/www.vskills.in\/certification\/tutorial\/wp-content\/uploads\/2017\/05\/GST-Tutorials.png\",\"contentUrl\":\"https:\/\/www.vskills.in\/certification\/tutorial\/wp-content\/uploads\/2017\/05\/GST-Tutorials.png\",\"width\":1200,\"height\":179},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.vskills.in\/certification\/tutorial\/why-gst-is-needed\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.vskills.in\/certification\/tutorial\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"GST Tutorial | Why GST is needed?\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.vskills.in\/certification\/tutorial\/#website\",\"url\":\"https:\/\/www.vskills.in\/certification\/tutorial\/\",\"name\":\"Tutorial\",\"description\":\"Vskills - 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