Impact of GST on MSME

Chitra Suraj Ashtekar

Abstract: A comprehensive dual Goods and Services Tax (GST) has replaced the complex multiple indirect tax structure from 1 July 2017. It is the biggest tax reform ever happened in India. Now we are witnessing, how this tax reform reshapes our economy and business dynamics MSME sector. The MSME sector is a major constituent of our economy and contributes significantly economy of our country. This paper look into how GST impact and what are its implications on the MSME sector.

Keywords: GST, MSME, SGST, CGST