Impact of goods and service tax on micro, small and medium enterprises in India

Shetty Deepa Thangam Geeta and S.P. Mathiraj

World Review of Entrepreneurship, Management and Sustainable Development, 2023, vol. 19, issue 1/2, 148-156

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.

Keywords: MSMEs; gross domestic product; nation manufacturing policy; growth of MSMEs; performance of MSMEs; impact of GST on MSMEs in India. (search for similar items in EconPapers)
Date: 2023
References: Add references at CitEc
Citations:

Downloads: (external link)
http://www.inderscience.com/link.php?id=127251 (text/html)
Access to full text is restricted to subscribers.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:ids:wremsd:v:19:y:2023:i:1/2:p:148-156

Access Statistics for this article

More articles in World Review of Entrepreneurship, Management and Sustainable Development from Inderscience Enterprises Ltd
Bibliographic data for series maintained by Sarah Parker ().