Year: 2025
Type: article
Abstract: The introduction of the Goods and Services Tax (GST) in India marked a significant reform in the nation’s indirect taxation system, aiming to simplify tax structures, enhance transparency, and promote economic growth. This study examines the impact of GST on medium-priced enterprises, focusing on operational efficiency, compliance requirements, pricing strategies, and overall profitability. Medium-priced enterprises, which cater to a broad customer base, have experienced both opportunities and challenges under the GST regime. While the unified tax system has reduced the cascading effect of taxes and improved ease of doing business, it has also increased the need for robust accounting systems and timely compliance. The research highlights that, although initial adaptation posed hurdles, many enterprises have gradually benefitted from better supply chain management, reduced tax burden on inter-state trade, and enhanced competitiveness. However, challenges remain in the areas of frequent policy changes, technical glitches in GST filing, and working capital constraints. The findings suggest that strategic adaptation and digital readiness are key for medium-priced enterprises to fully leverage the advantages of GST.
Language: English
Topic: Economic and Fiscal Studies
Subfield: Economics and Econometrics
Domain: Social Sciences
Open Access status: hybrid
OpenAlex ID: W4413850972