Abstract
MSMEs stimulate a crucial role in the nation's economic progress. Hence the adaptation of GST has reflected a very merger outcome of the present market. The textile cluster of Tamil Nadu comprising Coimbatore, Erode, Tirupur, Salem, Namakkal, and Karur are upset over the goods and services tax (GST) rates it imposed on textile manufacturers to pay GST at 18% job workers will have to pay 5%. Job workers produce goods on behalf of leading manufacturers using raw materials supplied by them.
GST reveals the easier the tax structure and uniformity of the market thus developed among all driven on textile manufacturer's job worker, in this context.
Due to the liberalization GST in impact, the unorganized textile manufacturer's job worker unit was moderately growing than the existing ones.
Formulates the taxation systems, thus making the enterprise responsible for tax payments. The study examines the issues and challenges that Textile manufacturing job workers encounter. Entrepreneurs, to fish out the impact on various parameters, namely emulating of GST, made the enrollment for taxation and bearing burden follow cluster random sampling technique. Hence the present researcher, 175 manufacturing job worker entrepreneurs, were to be selected in Erode District for this study. One–way the researcher used ANOVA by the researcher to point out the significance of the difference in the level of effect of GST among the Manufacture's job worker units. It summarized that the impact of GST on the Indian MSME sector could be gone both positive and negative.
Keyword
level of impacts, GST, MSME, Job workers
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