Open AccessImpact of GST on Textile Shops in Ernakulam District.
Author(s) -
Sreelakshmi V. S*,
V. Baiju,
K.G. Rajani
Publication year - 2020
Publication title -
international journal of recent technology and engineering
Language(s) - English
Resource type - Journals
ISSN - 2277-3878
DOI - 10.35940/ijrte.f8069.038620
Subject(s) - textile , consumption (sociology) , profitability index , goods and services , business , agricultural economics , commerce , economics , economy , finance , geography , social science , archaeology , sociology
Goods and services tax (GST) is an indirect tax charged on the supply of various goods and services. It principle of destination based taxation consumption. This study looks into the effect of GST on textile shops in Ernakulam District, Kerala, India. In India, this tax system plays a significant role not in the ground of textile sectors but also in the field of many other sectors that deals with money matters. The study is done by way of data collection. 50 questionnaires were issued for the collection of data in different textile shops. The conclusion of the study is that there is a makeover in sales volume with respect to GST and a great impact in the cost of textile products after thearrival of GST. At the same time there is a slight change in the profitability of textile shops.