After many controversy, it has been now more than 5 months since GST is implemented in place of all indirect taxes like Excise Duty, Service Tax, VAT, and CST. This proves notion of ?One Nation, One Tax?. Due to GST there is huge relief for Small Business as less paper work & less return filling. Before GST, Dealer or Manufacturers has to file many returns of Excise, Customs, Service Tax, Vat .But after GST, They have to file GST return only.Moreover For Small Business men, Exemption up to 20 lakhs given which became huge relief for them. For Medium Size enterprise, Composition scheme has been approved up to 75 lakhs which is extended to 1.5 Cr right now.
CA Rushit Mehta "Impact Of Summoning All Indirect Taxes Into One Tax GST" Iconic Research And Engineering Journals Volume 1 Issue 7 2018 Page 25-26
CA Rushit Mehta "Impact Of Summoning All Indirect Taxes Into One Tax GST" Iconic Research And Engineering Journals, 1(7)