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GST and the Unorganized Sector in India: A Comprehensive Analysis
American Journal of Economics and Business Management,
Vol. 7 No. 6 (2024): June
Abstract
India’s economic reform arrow is now taking the shape of the Goods and services Tax (GST). The introduction of GST on July 1, 2017 unleashed a new wave of economic reforms that would create a more unified and simplified tax structure in the country. The emergence of GST as the new taxation system creates challenges, particularly on the unorganised sector, and will force them to create more efficient businesses to blend into the mainstream of the economy. In this research paper, we will discuss the challenges that the unorganised sector faces due to GST, the opportunities it created, and how it impacted the business in the unorganised sector through an in-depth look at the compliance burden, changes made in business processes, the role of technology, etc.
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- Banerjee, R., & Chakraborty, S. (2019). Impact of GST on the Competitiveness of Small and Medium Enterprises. Journal of Business and Economic Policy, 6(2), 45-53.
- Gupta, A. (2019). Opportunities Created by GST for the Unorganized Sector. Economic and Political Weekly, 54(6), 75-82.
- Gupta, S., & Sharma, M. (2017). GST and Its Impact on Small and Medium Enterprises in India. International Journal of Business and Management, 12(4), 120-135.
- Jain, P. (2020). Role of Technology in GST Compliance. Journal of Financial Accounting, 8(1), 34-46.
- Kumar, R. (2019). Challenges in GST Implementation for the Unorganized Sector. Indian Journal of Public Administration, 65(3), 301-312.
- Kumar, V., & Rao, A. (2018). GST and Its Initial Impact on SMEs. Journal of Business Studies, 9(3), 112-127.
- Reddy, M. (2018). GST and Cash Flow Management in Small Businesses. Journal of Financial Management, 7(2), 44-59.
- Raj, A. (2018). Operational Changes in Small Businesses Post-GST Implementation. Small Business Review, 10(2), 88-97.
- Sharma, P. (2018). Awareness and Understanding of GST Among Small Business Owners. Journal of Taxation Studies, 15(3), 210-226.
- Singh, P., & Patel, K. (2019). Comparative Analysis of Tax Burden Pre- and Post-GST. Journal of Tax Policy, 11(1), 67-81.
- Verma, T. (2020). The Impact of GST on E-commerce Platforms. E-commerce Journal, 14(3), 56-65.
References
Banerjee, R., & Chakraborty, S. (2019). Impact of GST on the Competitiveness of Small and Medium Enterprises. Journal of Business and Economic Policy, 6(2), 45-53.
Gupta, A. (2019). Opportunities Created by GST for the Unorganized Sector. Economic and Political Weekly, 54(6), 75-82.
Gupta, S., & Sharma, M. (2017). GST and Its Impact on Small and Medium Enterprises in India. International Journal of Business and Management, 12(4), 120-135.
Jain, P. (2020). Role of Technology in GST Compliance. Journal of Financial Accounting, 8(1), 34-46.
Kumar, R. (2019). Challenges in GST Implementation for the Unorganized Sector. Indian Journal of Public Administration, 65(3), 301-312.
Kumar, V., & Rao, A. (2018). GST and Its Initial Impact on SMEs. Journal of Business Studies, 9(3), 112-127.
Reddy, M. (2018). GST and Cash Flow Management in Small Businesses. Journal of Financial Management, 7(2), 44-59.
Raj, A. (2018). Operational Changes in Small Businesses Post-GST Implementation. Small Business Review, 10(2), 88-97.
Sharma, P. (2018). Awareness and Understanding of GST Among Small Business Owners. Journal of Taxation Studies, 15(3), 210-226.
Singh, P., & Patel, K. (2019). Comparative Analysis of Tax Burden Pre- and Post-GST. Journal of Tax Policy, 11(1), 67-81.
Verma, T. (2020). The Impact of GST on E-commerce Platforms. E-commerce Journal, 14(3), 56-65.