Abstract
The purpose of this study is to understand the implications of the recent rollout (July 2017) of GST (Goods and Services Tax) in India on the MSME (Micro, Small, and Medium Enterprises) sector. The study comprises a series of qualitative face-to-face interviews which were followed up by a survey with Indian MSME owners. The study provides a multi-dimensional understanding of the gaps between the effect of the anticipated and existing GST regime for the MSMEs and the associated tax compliance. It identifies and assesses the inter-jurisdictional and other issues that are involved in GST implementation. There is scope to probe the means to enable the effective deployment of GST based on the findings of this study. The findings can also be used to develop guidelines for suitable implementation of the GST regime for the MSMEs operating in different sectors.
Highlights
MSME (Micro, Small, and Medium Enterprises) sector in India always played a vital role in the economic development of the country via their contribution to the manufacturing output, provision of employment opportunities, promoting balanced economic development, increasing foreign exchange earnings, and exports
We describe the dual methods of data collection used in this study to understand the implications of GST implementation on Indian MSME sector, i.e. both the face-to-face qualitative interviews as well as a survey with Indian MSME owners as primary respondents
In order to have a better understanding of the problem, we started with semi-structured open-ended interviews with MSME owners
Summary
MSME (Micro, Small, and Medium Enterprises) sector in India always played a vital role in the economic development of the country via their contribution to the manufacturing output, provision of employment opportunities, promoting balanced economic development, increasing foreign exchange earnings, and exports. It is at this juncture that the union government has recently rolled out the GST (Goods & Services Tax) across India replacing several existing taxes
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