International Journal For Multidisciplinary Research

E-ISSN: 2582-2160   •   Impact Factor: 9.24

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Impact of GST Reforms on Microfinance Funded Startups: An Indian Perspective

Author(s) Ajitesh ., Dr. Sarbananda Sahoo
Country India
Abstract The implementation of the Goods and Services Tax (GST) in India marked a significant structural reform in the country’s indirect taxation system. While GST was introduced to unify fragmented tax regimes, enhance transparency, and promote economic formalization, its implications for financially vulnerable enterprises remain insufficiently examined. Microfinance-funded startups constitute a unique entrepreneurial segment characterized by limited capital base, informal accounting structures, and high sensitivity to regulatory changes. This study analyzes the impact of GST reforms on operational performance, financial sustainability, compliance burden, and credit accessibility of microfinance-funded startups in India. Drawing upon primary data from selected Indian states and supported by secondary literature, the study evaluates how compliance requirements, digital filing mandates, and input tax credit mechanisms affect startup viability. The analysis reveals a dual effect: increased compliance costs and administrative complexity create short-term financial strain, whereas enhanced transparency and documentation improve long-term creditworthiness and institutional integration. The findings contribute to tax reform and entrepreneurship literature by situating GST impact within the microfinance dependency framework and offer policy insights for regulatory authorities including the Goods and Services Tax Council and the Reserve Bank of India.
Keywords Goods and Services Tax (GST), Microfinance, Startups, Tax Compliance Burden, Financial Sustainability, Informal Sector Formalization, MSMEs, Financial Transparency, Working Capital Management, Institutional Credit Access.
Published In Volume 8, Issue 2, March-April 2026
Published On 2026-03-30
DOI https://doi.org/10.36948/ijfmr.2026.v08i02.80910
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