Impact of goods and service tax on micro, small and medium enterprises in India Online publication date: Wed, 30-Nov-2022
by Shetty Deepa Thangam Geeta; S.P. Mathiraj
World Review of Entrepreneurship, Management and Sustainable Development (WREMSD), Vol. 19, No. 1/2, 2023
Abstract: Micro, small and medium enterprises (MSMEs) in India play a vital role in developing the country where more than 120 million persons are employed in these sectors. The study is based on secondary data to evaluate MSMEs performance and bring out the impact of Goods and Service Tax from date of its implementation on MSMEs in parameters such as number of enterprises, employment, exports and fixed investment applying the Ordinary Least Square (OLS) regression method. The finding of paper shows that the share of MSME in GVA and GDP are stagnated from 2012-13 to 2017-18 and in 2017-18 share of MSME in GVA increased by 0.02% which shows positive impact of GST on gross value-added working enterprises and market values of fixed assets are positively influenced by the indirect taxes on MSMEs. This paper will help the entrepreneurs of MSMEs to overcome the challenges posed by GST implementation.
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