International Journal For Multidisciplinary Research

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A Widely Indexed Open Access Peer Reviewed Multidisciplinary Bi-monthly Scholarly International Journal

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Impact of GST on Retailers with Reference to Hosur City

Author(s) Dahesh Basumatary, Dr. Suresh A S
Country India
Abstract The implementation of the Goods and Services Tax (GST) in many countries has brought about significant transformations in various sectors, particularly in the retail industry. This abstract outline a comprehensive analysis of the impact of GST on retailers. The study examines the effects of GST on retailers and how well they have understood it. It investigates how GST has influenced retailers' compliance burden, cash flow management, and profitability. Furthermore, the abstract explores the challenges faced by retailers during the transition to the GST regime, including administrative complexities, technology adoption, and adaptation to new tax structures. Drawing upon empirical evidence and theoretical frameworks, the analysis offers insights into the strategies adopted by retailers to navigate the complexities of GST implementation and leverage its potential benefits. It also shows the significant relationship between the educational status and awareness level of GST and sources of knowledge about GST. Overall, the study contributes to a deeper understanding of the transformative effects of GST on the retail sector and provides valuable insights for future research and policy development.
Keywords GST, retail industry, policy, awareness
Field Sociology > Banking / Finance
Published In Volume 6, Issue 2, March-April 2024
Published On 2024-04-30
Cite This Impact of GST on Retailers with Reference to Hosur City - Dahesh Basumatary, Dr. Suresh A S - IJFMR Volume 6, Issue 2, March-April 2024. DOI 10.36948/ijfmr.2024.v06i02.19100
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