A Study on Impact of Goods and Services Tax (GST) among 3 Small and Medium Traders in and around Pollachi Taluk

Abstract

Goods and Services Tax (GST) plays an important role in the present business scenario. It replaces the all indirect tax like Sales tax and Value added Tax (vat) etc., after implementation of GST, it is witnessed that a number of positive changes has been taken in the fiscal domain of India. GST is making country. For the purpose of the study both primary and secondary data are utilized. Primary data have been collected from GST taxpayers by distributing questionnaires to them. Secondary data have been collected from journals, magazines, newspaper, books and websites. Convenient sampling method has been adopted for collecting primary data. Of the 250 questionnaire distributed to small and medium traders, 246 were found complete in all respect and they are considered for the study. This study concluded that GST has simplified tax compliance system and have a positive influence at overall industry by creating single unified market. For small scale medium traders and startups, GST has benefited by increasing threshold limit, decreasing cost of logistics and tax payment simplification.