Impact of GST on MSMEs
Shetty Deepa Thangam Geeta1, SP. Mathiraj2, M. Thivya Bharathi3
1Shetty Deepa Thangam Geeta, Department of Commerce, Alagappa University, Karaikudi (Tamil Nadu), India.
2Dr. SP. Mathiraj, Department of Corporate Secretaryship, Alagappa University, Karaikudi (Tamil Nadu), India.
3M. Thivya Bharathi, Department of Corporate Secretaryship, Alagappa University, Karaikudi (Tamil Nadu), India.
Manuscript received on 21 August 2019 | Revised Manuscript received on 02 September 2019 | Manuscript Published on 16 September 2019 | PP: 688-694 | Volume-8 Issue-2S6 July 2019 | Retrieval Number: B11300782S619/2019©BEIESP | DOI: 10.35940/ijrte.B1130.0782S619
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© The Authors. Blue Eyes Intelligence Engineering and Sciences Publication (BEIESP). This is an open access article under the CC-BY-NC-ND license (http://creativecommons.org/licenses/by-nc-nd/4.0/)
Abstract: MSME play a vital in the economical progress of the Countries, so the implementation of GST has had an immense outcome on the continued existence in the market. Some enterprises found it helpful however majority visage problem in adopting it. For existing enterprises, GST simplified the tax structure, unified the market thus improved among all operational efficiencies of MSME, to this point the unorganized MSMEs were growing quick than the organized ones as a result of the minimization, with GST in effect, it has made the taxation system transparent thus making the entities liable for tax payment. This paper brought out issues and challenges experienced by MSME Entrepreneur. In order to find out the impact on various aspect such as applying of GST, created the registration for taxation and High Compliance burden by using Cluster Random Sampling Technique in which 158 MSME Entrepreneur were selected in Sivaganga District in Tamil Nadu for the study. The statistical tools used for the analysis is one-way ANOVA. ANOVA is used to identify the significance of the difference in the levels of impact of GST among MSMEs. It was concluded that the impact of GST on the Indian MSME sector can go both positive and negative ways.
Keywords: GST, Issued Faced, Levels of Impact, MSME.
Scope of the Article: e-governance, e-Commerce, e-business, e-Learning