- Easy Compliance: Online services for registration, returns, payments.
- Uniformity: Common tax rates and structures across the country.
- Removal of Cascading: Seamless tax-credits across states, eliminating tax on tax.
- Gain to Manufacturers/Exporters: Reduced cost of manufactured goods, boosting exports.
- Cooperative Federalism: Indirect tax decisions taken jointly by Centre and states.
- Simple to Administer: One unified tax, backed by robust IT system.
- Better Controls on Leakage: Self-policing nature, incentivizing compliance.
- Increased Tax Base: More businesses registered, curbing evasion.
- Higher Revenue Efficiency: Decreased collection cost.
- Consumer Benefit: Single, transparent tax, relief in overall tax burden.
- Formalization of Industry: Incentivizes informal sector to formalize for input tax credit.