The Impact of GST on Small Business: A Critical Analysis

Abstract

The impact of indirect taxes on small and medium businesses, such as Goods and Services Tax (GST), is a new research issue in India. Up to 2020, the pertinentworks, both national and globalwere studied, which included both available and non-accessiblecontent. Due carefulness and contemplation were completed in the selection of apposite material. Essentially variable themes have from germanetracedmatter have been examined, explored and offered in a topically organised manner. This research paper highlights the magnitude of GST in terms of potential for small and medium-sized enterprises, lessons gained from nations across the globe, and contemporary difficulties that small and medium-sized businesses in India are facing. An important protuberantdiscovery is that the impact of GST on Small and Medium Enterprises (SMEs) in various businesses and trades, as well as the bearing on politically sensitive industries, will differ depending on the state. This research is the initial step toward more research that will help Micro Small and Medium Enterprises (MSME) owners and policymakers make educated decisions.