Implications of indirect tax namely GST’s implications on small and medium businesses are an emerging area of research in India. Relevant literature of Indian and other nations up to 2020 has been studied and it covers published and also grey literature materials. Adequate caution and consideration have been applied in choosing the appropriate literature. Understandings from the significantly sourced literature have been thematically analysed and presented. The outcome of this work makes clear the dimensions of GST in relation to opportunities for small and moderate business houses, experiences of other countries and the current challenges for small and moderate businesses in the Indian context. One of the significant findings is that implications of GST on MSMEs across various industries would be diverse and also vary from politically sensitive industries of each state. This review is a step towards further research and helps the MSME owners and policymakers in making informed decisions.
Tax planning involves an efficient application of various provisions and loopholes of tax laws to reduce the incidence of tax and tax burden of an assessee. This research paper aims at studying the investment pattern and the awareness of various tax planning schemes available for investment for academicians. Structured questionnaire was used to collect the data and 385 respondents were selected for the study by adopting stratified sampling technique from private educational institutions across the city of Bengaluru. The study revealed that the level of awareness among the academicians on various tax saving schemes is low and personal factors influence the investment decisions. Further, bank deposits are preferred investment avenues.
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