IMPACT OF GST ON SMALL SCALE INDUSTRIES: A COMPREHENSIVE ANALYSIS AND POLICY RECOMMENDATIONS

The purpose of this research is to investigate the myriad of ways in which the Goods and Services Tax (GST) has altered the operations of small enterprises in [Your Country]. In order to make well-informed policy decisions, it is vital to have a solid understanding of how the Goods and Services Tax (GST) impacts the operations, compliance burden, and overall performance of small businesses. One of the most important aspects of the economy is the presence of small enterprises. To provide a thorough understanding of the opportunities and challenges connected with the introduction of the Goods and Services Tax (GST), the study employs a mixed-methods methodologies approach. In order to do this, it provides a comprehensive review of the literature, in addition to conducting surveys, interviews, and analyses of financial data. An examination of the overall performance of the firm, an analysis of changes in cost structures, and an estimation of the compliance burden that small scale companies face as a result of the Goods and Services Tax (GST) system are the primary foci of this research. The purpose of this study is to investigate small-scale sector-specific challenges in order to determine whether or not the Goods and Services Tax (GST) has a different impact on different industries within the small-scale sector. The findings will be of critical importance in the process of formulating policy recommendations that aim to enhance the structure of the Goods and Services Tax (GST) in order to better meet the needs of small-scale industries. The findings of this study contribute to the existing body of knowledge by presenting a comprehensive analysis of the impact that the Goods and Services Tax (GST) has had on small businesses and by bridging the gap between theoretical discussions and experiences from the actual working world. The end goal is to give policymakers with actionable insights that can be used to drive targeted measures, so creating an environment that is more favourable for the growth and longevity of small-scale businesses in the wake of the implementation of the Goods and Services Tax.

               

KEYWORDS: Recommendations, Industries, GST, Small Scale.


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