Year: 2025
Type: article
Abstract: Implementation of GST has reached seven years and it impacted significantly businesses across India, by MSMBs facing unique encounters in this transition. GST has replacing a complex array of indirect taxes with a unified tax structure, simplified compliance for businesses, reduced the flowing outcome of levies, and enhanced transparency. Still GST have complexity, frequent updates and variations in tax rates and rules, delays in input tax credit refunds, and technical glitches in the GST network have led to significant confusion and administrative burdens, particularly for small and medium-sized enterprises, resulting in increased operational costs and difficulties in maintaining accurate records. This study provides a comprehensive analysis of GST accounting viewpoints within MSMEs in Bengaluru.
Source: Economic Sciences.
DOI: 10.69889/70hc3m27
Author: Priya A., Dr. K. Siva Murugan
Institution: Institute of Chartered Accountants of India
Language: English
Subfield: Economics and Econometrics
Domain: Social Sciences
Open Access status: diamond
OpenAlex ID: W4411291445