Literature review on impact of gst on small scale industries

The purpose of this literature review is to sufficiently position the study within the realm of existing publication as it relates specifically to the topic while also foreshadowing the determined research approach. However, all these are certain to make the industry more transparent and boost investor confidence in India. However, tumultuous events over the past 14 months that saw the government aggressively push a culture of transparency through measures such as Demonetization, Goods and Services Tax GST and the Real Estate Regulation and development Act, RERA have irrevocably altered the course of the industry. Vast unsold inventory levels that peaked in at 7. The real estate sector has been grappling with liquidity issues and piling debt.
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Challenges to Indian micro small scale and medium enterprises in the era of globalization

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GST has been the most discussed topic all over India. It had great impact on almost every industry; but before starting with its impact on small business let us first get an idea of GST. It is an indirect tax which has replaced all other taxes which were levied by the central and state government. The GST rate is different on different commodities.
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GST Has Ruined Small Businesses

Visit for more related articles at Journal of Internet Banking and Commerce. GST that is Goods and Service Tax is the latest kind of Indirect Tax which is proposed to be in force from 1st July, which is already in force on many countries around the world and they all were considering it as their sales Tax system. The GST will be the levied on the manufacture, sale and the consumption of goods and services in India. It is said to be the biggest form of reform in the indirect taxation aspect ever since
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