Impact of GST on Small Scale Sector: A Study with Special Reference to Footwear Industries-Reference-Cited by-同舟云学术

Impact of GST on Small Scale Sector: A Study with Special Reference to Footwear Industries

Published:2023-10-20 Issue:3 Volume:11 Page:96-99
ISSN:2347-4696
Container-title:International Journal of Business and Management Research
language:en
Short-container-title:IJBMR

Author:

Sudha Dr.V.¹,Hariharasudhan Dr. C.²,Kungumapriya Dr. A.¹

Affiliation:

1. School of Management, Nehru Arts and Science College, Coimbatore, India

2. ssistant Professor, School of Management, Nehru Arts and Science College, Coimbatore, India

Abstract

A comprehensive dual Goods and Services Tax (GST) has replaced the intricate multi-indirect tax structure as of 1 July 2017. It was India's most significant tax reform ever. The main goal of the GST, as recently summarised, is to get rid of all the many subsidiary taxes, their effects, and any mild tax issues that are only possible to solve by paying GST. GST is a tax that is intended to be paid on a continuous stream of goods and contributions. Any person who grants a contract or provides an item or service is required to pay GST. The study emphasises how GST has affected Indian SSIs. SSIs play a significant role in the Indian economy, accounting to almost 40% of industrial production, 42% of exports, and 65% of total economic output.

Publisher

FOREX Publication

Subject

General Medicine

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