A Study on the Impact of GST in FMCG Sector with Special Reference to Palakkad District, Kerala
Journal Title: IOSR journal of Business and Management - Year 2018, Vol 20, Issue 9
Abstract
The Goods and Services Tax (GST), implemented on July 1, 2017, is regarded as a major reform in taxation till date implemented in India since independence in 1947. A single category of tax created by amalgamating different types of indirect taxes by State and Central Government under one head, known as GST. GST is actually more beneficial for the customers as their tax burden or liability has been considerably reduced to more than 25%. This study is intending to know the attitude of consumers or customers in implementing GST by taking the important consumer durable segment, that is, Fast Moving Consumer Goods (FMCG). In this, an attempt has been made to create a SWOT analysis of GST and to know about its pros and Cons so that it will be beneficial for policy formulation and also enable the common man to understand about the implication of GST.
Authors and Affiliations
Sreekumar P. G. , Chithra R
Keywords
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- EP ID EP412830
- DOI 10.9790/487X-2009035358.
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