Impact of GST on Textile Shops in Ernakulam District
Sreelakshmi V. S1, Varsha Baiju2, K.G.Rajani3
1Sreelakshmi V. S, M.com (Finance and System) Department of Commerce and Managemen Amrita school of Arts and Sciences, Kochi Amrita Vishwa Vidyapeetham.
2Varsha Baiju, M.com (Finance and System) Department of Commerce and Management Amrita school of Arts and Sciences, Kochi Amrita Vishwa Vidyapeetham.
3K.G. Rajani, Assistant Professor Department of Commerce and Management Amrita school of Arts and Sciences, Kochi Amrita Vishwa Vidyapeetham.
Manuscript received on February 10, 2020. | Revised Manuscript received on February 20, 2020. | Manuscript published on March 30, 2020. | PP: 1984-1986 | Volume-8 Issue-6, March 2020. | Retrieval Number: F8069038620/2020©BEIESP | DOI: 10.35940/ijrte.F8069.038620
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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: Goods and services tax (GST) is an indirect tax charged on the supply of various goods and services. It principle of destination based taxation consumption. This study looks into the effect of GST on textile shops in Ernakulam District, Kerala, India. In India, this tax system plays a significant role not in the ground of textile sectors but also in the field of many other sectors that deals with money matters. The study is done by way of data collection. 50 questionnaires were issued for the collection of data in different textile shops. The conclusion of the study is that there is a makeover in sales volume with respect to GST and a great impact in the cost of textile products after thearrival of GST. At the same time there is a slight change in the profitability of textile shops.
Keywords: Central Excise Duty, GST, Octroi, Service Tax, Value Added Tax.
Scope of the Article: Security Service Systems.