IMPACT OF GOODS AND SERVICES TAX (GST) ON INDIAN TEXTILES INDUSTRY: OPPORTUNITIES AND CHALLENGES.

Author(s)	Mr. Surendra Kumar Maurya, Prof. Meera Singh
Country	India
Abstract	The introduction of Goods and Services Tax (GST) in India marked a significant reform in India’s indirect Tax structure. It aims to unify the nation’s complex tax system. The Indian textiles Industry, a milestone of the country's economy and one of the second-largest employment generating sectors, has been significantly affected by this reform. This study explores the dual impact of GST on the textiles Industry, examines both opportunities and Challenges after the implementation of GST. On one hand, the GST simplified the tax structure and lowered compliance burdens by replacing several indirect taxes with a single tax for textile manufacturers, traders, and concerned parties. And also, this simplification reduced administrative costs and increased efficiency in tax management. On the other hand, GST increases several difficulties for SMEs with little technical infrastructure and experience since it requires them to adjust to new digital tax systems and more paperwork.
Keywords	Goods and Services Tax, Textiles Industry, Tax reform.
Field	Business Administration
Published In	Volume 7, Issue 4, July-August 2025
Published On	2025-07-18
DOI	https://doi.org/10.36948/ijfmr.2025.v07i04.51426
Short DOI	https://doi.org/g9tz78

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