I. J. of Business & Management Research
Research Article | 
Impact of GST on Small Scale Sector: A Study with Special Reference to Footwear Industries
Author(s) : Dr.V. Sudha*, Dr. C. Hariharasudhan and Dr. A. Kungumapriya
Publisher : FOREX Publication
Published : 20 October 2023
e-ISSN :2347-4696
Page(s) : 96-99
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.
Keywords: GST, SSIs, Impact, Boon, Bane.
Dr.V. Sudha*, School of Management, Nehru Arts and Science College, Coimbatore; Email: nascvsudhabba@nehrucolleges.com
Dr. C. Hariharasudhan, Assistant Professor, School of Management, Nehru Arts and Science College, Coimbatore; Email: drchariharasudhan@gmail.com
Dr. A. Kungumapriya, School of Management, Nehru Arts and Science College, Coimbatore; Email: nascdrkungumapriya@nehrucolleges.com
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Dr.V. Sudha, Dr. C. Hariharasudhan and Dr. A. Kungumapriya (2023), Impact of GST on Small Scale Sector: A Study with Special Reference to Footwear Industries. IJBMR 11(3), 96-99. DOI: 10.37391/IJBMR.110304.