Impact of GST on Small and Medium Enterprises (SMEs)
NAME :- PRAYAS VITTHAL MADHAVI
ROLL NO :- 07 TITLE :- IMPACT OF GST ON SMALL AND MEDIUM ENTERPRISES (SMEs)
AUTHOR NAME :- PRAYAS VITTHAL MADHAVI GUIDE NAME :- DR. KIRTI VARMA
Abstract :
“GST was implemented as a transformative reform in India’s indirect taxation, designed to consolidate various taxes into one comprehensive framework.” “This study examines how the implementation of GST has affected Small and Medium Enterprises (SMEs), which play a crucial role in supporting India’s economic structure.” While GST has simplified the tax structure and enhanced compliance through digitization, it has also presented challenges for SMEs in terms of adapting to new systems, managing working capital, and handling increased compliance costs. The study analyzes both the positive and negative consequences of GST on SMEs, such as improved market access and competitiveness, juxtaposed with operational hurdles like limited IT infrastructure and financial strain. Through a balanced evaluation, the paper aims to provide insights into how GST has reshaped the business environment for SMEs and what policy adjustments may be necessary to support their growth in the post-GST era
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