• Dr. D. Varalakshmi
• Dr. M. Rama Naik

The Goods and Services Tax (GST) has been heralded as the biggest indirect tax reform in India after Independence. After much deliberation, the GST bill has been passed in the Rajya Sabha and is set to be discussed in the state legislative assemblies in this winter session. With the ball set to roll for a unified country-wide tax reform, the market is filled with new found optimism amongst industry leaders and government officials. This sets the necessary momentum for the passage of the two Bills—Central GST (CGST) and Integrated GST (IGST) Bills—during the winter session along with the State GST Bill by different state assemblies. According to industry experts and government sources, the GST rollout date of April 1, 2017 is likely to be met. With this, enterprises, particularly SMEs, across a wide range of industries are caught in a state of flux. The comprehensive indirect tax GST will replace various other taxes such as Excise, Vat and Service Tax with a single tax structure. Driven by wide-ranging skepticism, several startups and SMEs are wary of the adverse impacts that may come into the picture with the GST rollout

Tax Slabs, Economy, Financial Reforms, Advantages, Enterprise.

"A STUDY ON GST AND IT’s IMPACT ON SMALL BUSINESS ENTERPRISES", International Journal of Emerging Technologies and Innovative Research (www.jetir.org), ISSN:2349-5162, Vol.5, Issue 7, page no.81-84, July-2018, Available :http://www.jetir.org/papers/JETIR1807015.pdf

"A STUDY ON GST AND IT’s IMPACT ON SMALL BUSINESS ENTERPRISES", International Journal of Emerging Technologies and Innovative Research (www.jetir.org | UGC and issn Approved), ISSN:2349-5162, Vol.5, Issue 7, page no. pp81-84, July-2018, Available at : http://www.jetir.org/papers/JETIR1807015.pdf