AN EMPIRICAL STUDY ON IMPACT OF GST ON FMCG SECTOR IN DELHI

Deeksha Gupta, Nidhi Gupta

Abstract


ABSTRACT

The Goods and Service Tax (GST) is a Value added Tax (VAT) proposed to be a comprehensive indirect tax levy on manufacture, sale and consumption of goods as well as services at the national level. It has replaced all indirect taxes levied on goods and services by the Indian Central and state governments. GST has mainly removed the Cascading effect on the sale of goods and services. Removal of cascading effect has directly impacted the cost of goods. Since tax on tax is eliminated in this regime, the cost of goods decreases.
GST is also mainly technologically driven. All activities like registration return filing, application for refund and response to notice needs to be done online on the GST Portal. This has speeded up the processes. After the implementation of GST, there is common national market with uniform rates. Thus, GST has impacted on widening the markets for the retailers. Overall, it can be concluded that GST is a good tax regime.
In this research paper, researcher has tried to analyse the impact of GST on the FMCG sector For this, the primary data has been collected from over 100 retailers of FMCG sector from Southern and Eastern parts of Delhi during September to December 2018.

Keywords: Goods & Service Tax, FMCG, Retailers, Value Added Tax & Registration etc.

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ISSN : 2251-1571