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Student Project | Business and Finance | India | Volume 13 Issue 2, February 2024
Unraveling the Effect of GST on the Growth and Development of Micro, Small, and Medium Enterprises (MSMEs)
Balanji Reddy Mora [2] | Madasu Sanjuna
Abstract: Through the introduction of the new GST regime, there has been a greater impact on the growth and development of businesses. This Research study focuses on the truthfulness of the Uniform taxation system in India i. e., GST has impacted Micro, Small, and Medium Enterprises in terms of profits, Growth, and Development. Through the means of a questionnaire reached out to various MSMEs operating in Hyderabad. The study, employing both primary and secondary data sources, delves into the impact of GST awareness on business operations, cost implications, ease of compliance, and overall business performance. Through statistical analyses, including correlation studies, ANOVA, and Chi - square tests, it identifies nuanced correlations between GST awareness, ease of business, profitability, and developmental aspects within the MSME sector. Findings reveal a varied impact of GST implementation, showcasing significant correlations between ease of doing business and profitability/growth, alongside distinctive challenges and benefits experienced by MSMEs. The research underscores the need for targeted support and policy adaptations to address the diversified impact of GST on MSMEs, contributing valuable insights for policymakers and stakeholders invested in fostering the growth and resilience of this vital sector.
Keywords: GST impact, MSMEs, Business growth, Statistical Analysis, Policy adaption, Awareness, Profitability, Growth, and development
Edition: Volume 13 Issue 2, February 2024,
Pages: 401 - 409