Dimensions of GST on Small and Moderate Business Units: A Systematic Review

Guna, Chennathur; Anuradha, P S

doi:10.1177/09722629211002931

Cited by 7 publications

(3 citation statements)

References 10 publications

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“…Many businesses lacking proper hardware and software find it challenging to comply with online compliance requirements (Kumar et al, 2019;Shinde, 2019). The study conducted by Guna and Anuradha (2021) emphasizes the infrastructural challenges faced by MSMEs while fulfilling the GST obligations. Smaller businesses are particularly affected due to the lack of resources for proper and timely compliance.…”

Section: Poor It Infrastructurementioning

confidence: 99%

An Analysis of GST Barriers Faced by Business Owners in India: An ISM Approach

Shacheendran V

2024

Metamorphosis: A Journal of Management Research

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The goods and services tax (GST) is a key reform introduced in the indirect tax system of India. This strategic reform aims to improve the revenue performance of the Indian economy through enhanced tax compliance. However, several roadblocks are standing against the effective implementation of GST in India. Thus, the present study aims to identify the prominent barriers faced by business owners while complying with the rules and regulations stated under the GST law. The study employs an interpretive structural modelling approach with the MICMAC technique to examine the association among the GST-related barriers. The smooth and successful GST implementation requires a better taxpayer attitude and tax acceptance, which is essential for voluntary tax compliance. However, the rise in non-compliance indicates that the GST reform has not met the expectations of the tax-paying community. The study’s outcome shows that the lack of skilled manpower and lack of IT infrastructure are root causes and need strong attention from policymakers to take policy action to resolve these barriers in order to improve taxpayers’ compliance levels.

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Section: Poor It Infrastructurementioning

confidence: 99%

An Analysis of GST Barriers Faced by Business Owners in India: An ISM Approach

Shacheendran V

2024

Metamorphosis: A Journal of Management Research

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“…With the idea of the input tax credit, The GST/VAT system ensures that tax is paid only on the value-added at each supplier tier (ITC). Consequently, this tax system greatly reduces the 'cascading effect' of taxes, benefiting the common man (Guna & Anuradha, 2021). The newly imposed GST in India has had several effects on the Indian economy.…”

Section: Theoretical Frameworkmentioning

confidence: 99%

A Structural Equation Modelling Approach Towards Taxpayers’ Perceptions on Goods and Services Tax in India

Ramkumar,

Kalimuthu,

Selvaraj

et al. 2023

J. Professional Business Review

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Purpose: The Purpose of this article is to comprehend how Indian taxpayers perceive the goods and services tax. Theoretical Framework: India has completed five years after the successful implementation of Goods and Services Tax (GST). Many economic benefits were promised at the time of implementation of this tax regime. Thus, it becomes essential to understand tax payers’ perceptions by developing a strong framework that influences their perceptions. Design/Methodology/Approach: A descriptive study approach was adopted for this objective. 200 replies were obtained in total. Using SPSS Amos, structural equation modelling was utilised to assess the assumptions produced. Attitude, knowledge, Equity, and fairness of taxpayers served as exogenous factors, while taxpayer impression served as the dependent variable. The real-world implication is used as a mediating variable in order to examine the impacts. Findings: The findings of the research indicate that tax knowledge, Equity, and fairness impact tax attitudes. This study provides some useful recommendations for further research in this sector. Research Implications: This study considers tax knowledge, tax equity and fairness and tax attitudes to measure tax payers’ perception. However, tax rates, regular amendments, circulars, technology and other variables could also be considered by future researchers on this study. Originality/Value: Using a Structural Equation Modelling in understanding Tax Payers’ Perceptions was hardly adopted in these types of studies. Variables considered for this study were also unique.

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“…GST is a type of "consumption tax" on goods and services (Guna & Anuradha, 2021). Taxes paid on the acquisition of goods or services, whether they are intended for resale or the creation or manufacture of a new product, are used as credits to reduce the tax that must be paid on the sale of such products.…”

Section: Introductionmentioning

confidence: 99%

Examine the Effects of Goods and Services Tax (Gst) and Its Compliance: Reference to Sierra Leone

Kaira,

Conteh,

Hamza Conteh

2024

pijss

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This study analyzes the effects of (GST) and how it is being implemented in Sierra Leone. GST replaces previous taxes, including domestic sales tax, import sales tax, entertainment tax, hotel room tax, restaurant tax, food tax etc. The objectives of this study are to know the effect of GST on the Sierra Leone Economy, to know if GST implementation will lead to an increase in prices of goods and services; to assess GST compliance rate in Sierra Leone; and to know the reasons for GST implementation in Sierra Leone. The data collection method used both primary and secondary sources the study's participants were 89 employees of NRA and business owners in Sierra Leone 2021 to 2023. Questions were analyzed using SPSS in the form of descriptive analysis, chart, and correlation coefficient. The results showed that GST implementation has positive effects on Sierra Leone Economy. The introduction of GST is to boost revenue and promote economic growth in Sierra Leone. GST introduction in Sierra Leone has resulted in increased prices of goods and services. It is recommended that the NRA should provide tax education and awareness and provide availability and accessibility of technological infrastructure for GST implementation in the country.

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Dimensions of GST on Small and Moderate Business Units: A Systematic Review

Cited by 7 publications

References 10 publications

An Analysis of GST Barriers Faced by Business Owners in India: An ISM Approach

An Analysis of GST Barriers Faced by Business Owners in India: An ISM Approach

A Structural Equation Modelling Approach Towards Taxpayers’ Perceptions on Goods and Services Tax in India

Examine the Effects of Goods and Services Tax (Gst) and Its Compliance: Reference to Sierra Leone

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