Volume : 10, Issue : 3, MAR 2024

OPPORTUNITY GENERATION AND EARLY BUSINESS DEVELOPMENT RESEARCHED BY STUDENTS PG DEPARTMENT OF COMMERCE WITH COMPUTER APPLICATIONS, MANNAR THIRUMALAI NAICKER COLLEGE, MADURAI

A STUDY ON IMPACT OF IMPLEMENTATION OF GST AMONG RETAILERS IN MADURAI CITY

VIGNESHWARAN R, VIGNESHWARAN.S, DR. G. THENMOZHI

Abstract

The Goods and Services Tax (GST) Act has radically reshaped the Indian economy. This Act has been considered the biggest indirect tax amendment so far which was long anticipated and certainly guaranteed to create an independent platform for all goods and services offered in India. The objective of this study is to analyze the significant effect of the GST system on Retailers' business in the Madurai District. Presumably, the GST system has created uneasiness among various sectors of the Indian economy. The case of the retail sector has a predominant effect as it generates wide employment opportunities in rural and urban sectors and also enables a large volume of transactions. As per the global scenario, India is considered to be the highest in terms of per capita retail space and the fifth largest preferred retail destination. However, India’s vibrant retail sector is based on the Compound Annual Growth Rate (CAGR).

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