Impact of Goods and Services Tax (GST) on Retail Business Productivity

By : Goutam Tanty , Sandeep Kumar

Page No: 139-145

Abstract
The Goods and Services Tax (GST) was introduced to simplify the tax system by eliminating the cascading effect of multiple taxes, leading to uniform tax rates across states and the creation of a unified market for goods and services. This research aims to investigate how the implementation of GST has impacted the productivity of India’s retail industry. By replacing various indirect taxes, GST streamlined the tax structure and aimed to promote ease of doing business, reduce compliance burdens, and potentially boost productivity in the retail sector. The study examines different aspects, including tax structure, supply chain efficiency, tax evasion, small and medium enterprises (SMEs), tax compliance, and consumer prices, to assess the overall effect of GST on the productivity of the retail business.

Authors :
Goutam Tanty : Associate Professor, Faculty of Commerce & Management, Sarala Birla University, Ranchi, Jharkhand, India.
Sandeep Kumar : Dean, Faculty of Commerce & Management, Sarala Birla University, Ranchi, Jharkhand, India.
 

DOI: https://doi.org/10.32381/PROD.2023.64.02.4