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Is GST good for small business?

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Is GST good for small business?
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  1. GST has various benefits for small businesses such as fewer compliances as only one return to be filed under GST,give identity and validity to your clients, e-commerce platforms, government tenders and many more. GST has explicit provisions on the inter-state movement of goods especially for e-commerce brands. Also, Composition Scheme, a simple and easy scheme for small taxpayers. The scheme comes under GST for taxpayers. It reduces tedious GST formalities and pays GST at a fixed rate of turnover. It is ideal for any taxpayer whose turnover exceeds is less than a crore. It also becomes easy to claim Input Tax Credit

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