Impediments and Solutions in the Process of GST Registration of Restaurants in Hyderabad
Bharti Sharma1, Rakhi Arora2, Manmohan Singh3
1Bharti Sharma*, PhD Research Scholar, Business Management Department, Chandigarh University, Gharuan, Mohali (Punjab), India.
2Dr. Rakhi Arora, Assistant Professor, Business Management Department, Chandigarh University, Gharuan, Mohali (Punjab), India.
3Dr. Manmohan Singh was an adjunct professor in the department of business management of Chandigarh University, Gharuan, Mohali (Punjab), India.
Manuscript received on November 15, 2019. | Revised Manuscript received on November 23, 2019. | Manuscript published on November 30, 2019. | PP: 1361-1369 | Volume-8 Issue-4, November 2019. | Retrieval Number: D7217118419/2019©BEIESP | DOI: 10.35940/ijrte.D7217.118419
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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: The strength of a nation’s economy depends upon the system of taxation which If taken correct approaches, can keeps revenue consistent, stimulates industrial activity and manages growth in our economy. The Indian government has made an ambitious shift by introducing Goods and Services Tax (GST) tax policies. The strategy is to present modern, transparent and technology-driven indirect tax system. The new tax system aimed to sharpen the competitive edge of a 230 crores ($2.3 Trillian) Indian economy driven by internal trade restrictions and a raft of central, state and local taxes. After two years of its introduction, the new system is yet to settle down and being considered puzzling on many dimensions. Even after proper beginning, the GST registration system is facing barriers relevant to documentation, technology, stakeholder willingness, etc. This paper aimed to rank the potential impediments to GST registration of restaurants in Hyderabad. The outcome of this paper will help new registration seeks to understand new taxes system in general and will intimate the ground reality to authorities responsible for its successful implementation. This paper presents a case study of the issues faced by the restaurants in Hyderabad during GST registration in these two years of implementation. Solutions to these issues have been proposed in this paper, which may be helpful for the new entrepreneurs to register on GST portal.
Keywords: GST, GST Registrations, Impediments in GST Registration, Percent Point Score (PPS).
Scope of the Article: Process & Device Technologies.