Journal Press India^®

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Ease of compliance is always desirable to foster the growth of small businesses in India. Goods and Services Tax (GST) was introduced in India to curb the limitations of earlier indirect tax laws. It has addressed many of the compliance issues faced by MSMEs in India. However, still there are a lot of compliance issues that need urgent attention. This pilot study aims to explore post-implementation compliance issues being faced by MSMEs with special reference to the state of Karnataka. Data has been collected through a survey questionnaire for 35 MSMEs and analyzed in this regard. This study has found many teething problems regarding GST compliance being faced by MSMEs which is acting as a hurdle in their growth. There is an urgent need for policy interventions to improve cumbersome compliance procedures for the overall growth of the MSME sector in India.

Keywords

MSMEs; GST; Compliances; Return; Registration; Input tax credit

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