TITLE:
Assessment of the Implications of GST (Goods and Services Tax) Rollout on Indian MSMEs
AUTHORS:
Vidit Mohan, Salman Ali
KEYWORDS:
GST (Goods and Services Tax), MSME (Micro, Small and Medium Enterprises), India, Implementation Challenges, Awareness, Profitability
JOURNAL NAME:
Theoretical Economics Letters,
Vol.8 No.15,
December
11,
2018
ABSTRACT: The purpose of this study is to understand the
implications of the recent rollout (July 2017) of GST (Goods and Services Tax)
in India on the MSME (Micro, Small, and Medium Enterprises) sector. The study
comprises a series of qualitative face-to-face interviews which were followed
up by a survey with Indian MSME owners. The study provides a multi-dimensional
understanding of the gaps between the effect of the anticipated and existing
GST regime for the MSMEs and the associated tax compliance. It identifies and
assesses the inter-jurisdictional and other issues that are involved in GST
implementation. There is scope to probe the means to enable the effective
deployment of GST based on the findings of this study. The findings can also be
used to develop guidelines for suitable implementation of the GST regime for
the MSMEs operating in different sectors.