Journal Press India®

Goods and Services Tax (GST) and its Effect on Textile Traders in Kerala: A Study of Kochi City

Vol 8 , Issue 1 , January - June 2021 | Pages: 101-126 | Case Study  

 
Article has been added to the cart.View Cart (0)
https://doi.org/10.17492/jpi.vision.v8i1.812106


Author Details ( * ) denotes Corresponding author

1. * Greeshma Manoj, Assistant Professor, Department of Economics, Christ (Deemed to be University), Bangalore, Karnataka, India (greeshma.manoj@christuniversity.in)
2. S Muraleedharan, Associate Professor (Retired), Department of Economics, Maharajas College, Kochi, Kerala, India (muraleedharanvarsha@yahoo.co.in)

The introduction of GST is regarded as an important landmark in the history of tax reforms in India and it has brought so many acclaimed advantages like the removal of cascading effects of tax, reduction in transportation time and smooth flow of business activity etc. This new tax was expected to benefit states like Kerala which depends on other states for consumption activities. In the given context, this study tries to understand the effect of GST implementation on textile traders in the Kochi district of Kerala. The study found that majority of the traders were not well prepared for the transition to GST and there was an increased tax compliance after the transition to GST. There was no improvement in the business performance and there was a delay in getting the input credit tax. However, there was a fall in the prices and transport time in the post GST period.

Keywords

GST; Textiles; Traders; CGST; SGST.

  1. Abda, S. (2017). Effects of goods and services tax on Indian economy. International Education and Research Journal, 3(5), 584-585
  2. Ahmad, E., & Poddar, S. (2009). Goods and service tax reforms and intergovernmental consideration in India. LSE: London, UK: Asia Research Center.
  3. CBIC (2019). Retrieved from https://www.cbic.gov.in/
  4. Diksha, & Nandal, S. (2018). Perceptions of traders and manufacturers towards GST. Retrieved from https://www.semanticscholar.org/paper/Perceptions-of-traders-and-manufacturers-towards-Diksha Nandal/a959e5c97a8ec1509675942ada0fee1b33400956
  5. Garg, G. (2014). Basic concepts and features of goods and services tax in India. International Journal of ScientificResearch and Management, 2(2), 542-549.
  6. Govindan, P. (2019). A study on growth of goods and services tax (GST) in India- An golden opportunity for growth of Indian corporate sectors. SJCC Management Research Review, 9(1), 87-113. Retreived from http://www.gstcouncil.gov.in/ or https://cleartax.in/s/gst-law-goods-and-services-tax-
  7. Jain, S. (2019). Impact of GST on industry with special reference to the real estate sector.  VISION: Journal of Indian Taxation, 6(1), 28-36.
  8. Kumar, B. P., & Ramya, R. (2017). Goods and services tax and Kerala economy. MRPA Paper No.80833 Retrieved from https://mpra.ub.uni-muenchen.de/80883/ 1/ MPRA_paper_80883.pdf
  9. Kumar, D. S., & Kumar, J. A. (2018). Impact of tax revenue on indirect tax revenue: Appraisal of literature. Siddhant, 18(3), 224-234.
  10. Kumar, N. (2014). Goods and services tax in India: A way forward. Global Journal of Multidisciplinary Studies, 3(6), 216-225.
  11. Leemput, E. V., & Wiencek, E. A. (2017). The effect of the GST on Indian growth. Board of Governors of the United States Federal Reserve System. International Finance Discussion Paper Note. Retrieved from https://www.federalreserve.gov/ econres/notes/ifdp-notes/effect-of-the-gst-on-indian-growth-20170324.htm
  12. Lichchavi, H., & Greeshma, M. (2019). GST and its impact on small and medium scale enterprises– A study of Peenya industrial area in Banglaore, Karnataka (unpublished undergraduate dissertation), Christ (Deemed to be University), Bangalore.
  13. Manjunatha, H. R. & Girish, H. T. (2019). Goods and services tax: Impact on traders. International Journal of Scientific Development and Research, 3(11), 154-162.
  14. Mukherjee, S. (2019). Inter-governmental fiscal transfers in the presence of revenue uncertainty: The case of goods and services tax (GST) in India, Working Papers 19/255, National Institute of Public Finance and Policy.
  15. Nayyar, A., & Singh, I. (2018). A comprehensive analysis of goods and services tax (GST) in India. Indian Journal of Finance, 12(2), 57-71.
  16. Parmar, C. K., & Ghosh, P. P. (2020). Predicting compensation under GST and its impact on revenue growth post compensation period: A study for the state of West Bengal.  VISION: Journal of Indian Taxation, 7(2), 34-44.
  17. Patrick, M. (2016, August 9). All eyes on GST: How will Kerala benefit. Kochi post. Retrieved from https://kochipost.com/2016/08/09/all-eyes-on-gst-how-will-kerala-benefit/
  18. Poonam M. (2017). Goods and services tax in India: An introductory study. International Journal of Science Technology and Management.  6(1), 101-109
  19. Rao, M. G. (2000). Tax reform in India: Achievement and challenges. Asia-Pacific Development Journal, 7(2), 59-74.
  20. Samantara, R. (2018). A critical appraisal of goods and services tax in India.  VISION: Journal of Indian Taxation, 5(2), 55-71.
  21. Sehrawat, M., & Dhanda, U. (2015). GST in India: A key tax reform. International Journal of Research-Granthaalayah 3(12) 133.
  22. Slemord, J. (2018). Tax compliance and enforcement, National Bureau of Economic research, Working Paper no. 24799, www. Nber.org, 3-4. 
  23. Suman, S. (2017). Study on new GST era and its impact on small businesses entrepreneurs. Journal of Accounting, Finance and Marketing Technology. 1(2), 24-36. 
  24. Sury, M. M. (2015). National level goods and services tax (GST): Towards Cooperative Federalism.  VISION: Journal of Indian Taxation, 2(2), 1-13.
  25. Tomar, S., Mathur. S., & Ghosh. S. (2018). Working capital constraints and exports: Evidence from the GST rollout, Mint Street Memo No. 10, Reserve Bank of India, February. Retrieved from: https://www.rbi.org.in/Scripts/ MSM_Mintstreetmemos10.aspx
  26. Vasanthagopal, R. (2011). GST in India: A big leap in the indirect taxation system. International Journal of Trade, Economics and Finance, 2(2), 144.
Abstract Views: 46
PDF Views: 6

Advanced Search

News/Events

Institute of Managem...

Deccan Education Society Institute of Management Development and Re...

S.B. Patil Institute...

Pimpri Chinchwad Education Trust's S.B. Patil Institute of Mana...

D. Y. Patil IMCAM, A...

D. Y. Patil Institute of Master of Computer Applications & Managem...

Vignana Jyothi Insti...

Vignana Jyothi Institute of Management International Conference on ...

Department of Commer...

Department of Commerce, Faculty of Commerce & Business, University...

Birla Institute of M...

Birla Institute of Management Technology (BIMTECH) 3rd Pritam Singh M...

OP Jindal University...

OP Jindal University, India 4th International Conference on  ...

Department of MBA, N...

Department of MBA, Narayana Engineering College Nellore International...

Vignana Jyothi Insti...

Vignana Jyothi Institute of Management Conference Proceedings,...

Online Proceedings R...

Conference Proceedings, March 2023 ISBN: 978-81-956810-6-8 ...

By continuing to use this website, you consent to the use of cookies in accordance with our Cookie Policy.