Assessing the Impact of GST Implementation on the Manufacturing and Retail Sectors in India: A Comparative Analysis of Pre- and Post-GST Eras and Its Influence on Consumer Demand

  • Unique Paper ID: 172842
  • Volume: 11
  • Issue: 9
  • PageNo: 887-891
  • Abstract:
  • The paper studies how the launch of the goods and services tax (GST) in India was a transformational shift in the taxation landscape of the country The system intended to develop the country’s indirect tax system and transform a complicated multiple structure of tax into simpler and one unified tax structure. This research project looks at the impact of GST on both manufacturing and retail sectors through a comparison of the pre and post GST eras. This research examines important factors like tax compliance, cost structures, supply chain efficiency, and pricing determination. The use of primary and secondary data has allowed an insight into the perspectives of the industries as well as the changes in the attitude of the consumers. The results of the study suggest that while GST has simplifying the taxation process and reduced logistical problems, challenges such as compliance burden, initial adaptation cost, etc. The research ends by putting forward some suggestions that can enhance GST reforms, growth of the sector, efficiency, and customer satisfaction of businesses.

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