A Comparative study on Pre and Post Goods and Service Tax Scenario in MSME Sectors of West Bengal

Authors

  • Arundhati Roy, B.C.M Patnaik, Ipseeta Satpathy

Abstract

The sector of micro, small and medium enterprises (MSMEs) is of particular importance to the Indian Government, expecting it to offer higher employment opportunities by 2020. The sector is a key component of the 'Make in India' and 'Power India' initiative by the government. Meanwhile, the introduction of the Goods and Services Tax (GST) brought with it hopes and controversy over its effect on the domestic economy. These continue, even after three-quarters after GST was introduced. In this context, the effect of GST along with other policy measures, that is, demonetization, on the MSME market, is most important to research. To state the obvious, both initiatives had a major effect on the industry. Even though the demonetization effect was largely ironed out by mid-2017, the implementation of GST brought with it a fresh wave of challenges, especially for the informal industry. The present paper is an abstract of the Ph.D research thesis and here we have tried to present the finding of the research.

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Published

2020-05-18

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Section

Articles