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@article{206896,
        author = {Dr. Manoj V D and Dr. H Rajashekar},
        title = {Evaluating Awareness and Perception of the GST Composition Scheme among MSMEs},
        journal = {International Journal of Innovative Research in Technology},
        year = {2026},
        volume = {13},
        number = {2},
        pages = {3692-3700},
        issn = {2349-6002},
        url = {https://ijirt.org/article?manuscript=206896},
        abstract = {The Goods and Services Tax (GST) Composition Scheme was introduced to simplify tax compliance and reduce the regulatory burden on Micro, Small, and Medium Enterprises (MSMEs) by providing a simplified taxation mechanism with lower tax rates and reduced compliance requirements. Despite these advantages, the effectiveness of the scheme largely depends on the awareness and perception of MSME owners regarding its provisions, benefits, and limitations. Inadequate awareness and varying perceptions may influence the adoption and effective utilization of the scheme, thereby affecting its intended objectives.
The present study aims to evaluate the awareness and perception of the GST Composition Scheme among MSMEs. Specifically, the study assesses the level of awareness of the scheme's provisions, examines the perception of MSME owners towards its benefits and challenges, and identifies the factors influencing their overall perception. A descriptive research design was adopted, and primary data were collected from 234 MSME owners using a structured questionnaire. The collected data were analyzed using descriptive statistics, reliability analysis, exploratory factor analysis, correlation, and regression analysis to achieve the objectives of the study.
The findings are expected to provide valuable insights into the awareness levels and perceptions of MSMEs regarding the GST Composition Scheme and highlight areas where knowledge gaps and implementation challenges exist. The study is anticipated to offer practical implications for policymakers and tax authorities in strengthening taxpayer education initiatives and improving the effectiveness of the Composition Scheme. The findings also contribute to the growing body of literature on GST by providing empirical evidence on the awareness and perception of MSMEs towards one of the significant compliance mechanisms introduced under the GST framework.},
        keywords = {GST Composition Scheme, Goods and Services Tax, MSMEs, Awareness, Perception, Tax Compliance.},
        month = {July},
        }