Impact of GST Filing on Small Scale Industries

Goods and Services Tax (GST) was implemented in India in 2017. It is a kind of indirect tax that is comprehensive and unified throughout the country. GST is levied on the supply of goods and services in India, and it is a kind of tax based on the consumption of goods and services. Multiple indirect taxes, such as excise duty, service tax, value-added tax and others, have been replaced by GST. GST has brought a significant impact on the Indian economy. The impact of GST has always been a debating factor; therefore, our main objective of the study is to understand the perception of small-scale entrepreneurs on GST filing procedures. The study has been based on primary data collected from 120 small-scale industries located in Coimbatore, India. Primary data have been analysed by using statistical tools such as simple percentage analysis, multiple dichotomy analysis, analysis of variance and t -test. Based on our analysis, small-scale entrepreneurs feel that GST is a fair and satisfactory tax system. It is also concluded that small-scale businesses feel that the tax burden is higher, and many entrepreneurs do not have enough awareness about filing GST; they require the assistance of chartered accountants or others to file GST.