This study sought to ascertain the factors that drive the demand for credit among businesses in the high-density markets in Kampala (Uganda) and its suburbs and draw implications for innovations and application of digital lending. A combination of qualitative and quantitative approaches was applied to profile end retailers and businesses in the high-density markets located in Kampala and its suburbs and to assess the demand for credit at these markets. The market for credit in the high-density market in Kampala and its suburbs can sufficiently support innovation and application of digital lending. Most business owners enthusiastically intended to grow their businesses and are looking for affordable financing opportunities. Drivers of demand for credit arise from the need for inventory management, debtor management and to pay for operating expenses. Short business cycles mean high turnover, hence opportunities for uptake of credits in small amounts and shorter repayment periods. It is recommended for fintechs to improve product features as well as shorten their delivery channels, thereby enhancing convenience in accessing credit. Further studies should explore business models and partnerships for providing affordable credit.
Reforms are a continuous process as and when a new reform or bill comes and a new law is imposed, it surely leaves its impact especially on the common man. It is ultimately the common man who is directly or indirectly affected by the implementation of any new tax. GST or Goods and Services Tax as the name implies, it is an indirect tax applied both on goods and services at a uniform rate. A single form of tax known as GST has applied throughout the country. Goods and Services Tax (GST) -A new law, a new tax will bring with it new challenges to face that need to be tackled with utmost care. The GST bill covers the goods and services tax and shall be the biggest indirect tax reform providing a uniform and simplified way of indirect taxation in India. After a lot of deliberation the GST council has finalized the rates for all the goods and major service categories under various tax slabs. The tax rate under GST are set at 0%, 5%, 12%, 18% and 28% for various goods and services and almost 50% of goods & services comes under 18% tax rate. A bundle of indirect taxes will get replaced by GST. But how is our life going to change post GST? and also to see how GST on some day-to-day good and services will have an impact on an end user's pocket. Through this article, let we see how GST will affect our daily lives as citizens of this great democracy. Though it is called as 'Good and Simple Tax', it is noteworthy that instead of one single GST rate, variety of goods and services will be taxed at different rates. As there are several tax rates, we need to see if it would really make our life simple. This paper sets out to analyze the effect of the impending implementation of Goods and Services Tax (GST) in India and its impact on common man's budget and affect consumers' money.
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