Huge number of items are either tax exempt or in 5% tax bracket.2. Level playing field for small traders in any part of the country.1. Common procedures for registration, duty payment, return filing and refund of taxes2. To generate more employment by increased economic activity.1.now leviable on goods and services, leading to simplification.2. Common system of classification of goods and services to ensure certainty in tax administration.1.

Source: Times of India July 01, 2017 05:27 UTC