A Study on the Impact of GST on Textile Entrepreneurs in Trivandrum

Abstract

The Goods and Services Tax (GST), which was adopted in India in 2017, represented a substantial shift in the country's taxation system, to streamline and unify the indirect tax structure. This study investigates the effects of GST on textile entrepreneurs in Trivandrum, assessing the multidimensional influence on several areas of their operations. The study aims to uncover major areas in which GST has impacted the textile business, such as pricing tactics, supply chain dynamics, and market competitiveness. It also looks into entrepreneurs' perceptions of the ease of compliance, the efficacy of government assistance channels, and the overall business environment following GST introduction.
Preliminary findings indicate a mixed impact on textile enterprises, with some benefiting from simpler tax structures and enhanced input tax credit systems, while others experience obstacles due to compliance complications and transitory changes. The study's goal is to provide policymakers, entrepreneurs, and researchers with valuable insights that will drive future policy decisions and develop a better understanding of the GST's impact on the textile sector in Trivandrum.