Implications of indirect tax namely GST’s implications on small and medium businesses are an emerging area of research in India. Relevant literature of Indian and other nations up to 2020 has been studied and it covers published and also grey literature materials. Adequate caution and consideration have been applied in choosing the appropriate literature. Understandings from the significantly sourced literature have been thematically analysed and presented. The outcome of this work makes clear the dimensions of GST in relation to opportunities for small and moderate business houses, experiences of other countries and the current challenges for small and moderate businesses in the Indian context. One of the significant findings is that implications of GST on MSMEs across various industries would be diverse and also vary from politically sensitive industries of each state. This review is a step towards further research and helps the MSME owners and policymakers in making informed decisions.
ChakrabortyP., & RaoP. K. (2010). Goods and services tax in India: An assessment of the base. Economic and Political Weekly, 45(1), 49–54.
2.
ChaturvediV. K. (2018). GST and small scale industries: An critical analysis. In GuptaV. K., MishraS., & AryaK. K. (Eds.), GST simplified tax system: Challenges and remedies (pp. 276–279). Swaranjali Publication.
3.
Cryderman JohnP. (2016). Paying for civilization: The origins of public tax preferences in seven countries [Doctoral dissertation, Temple University].
4.
Deloitte (2017). GST era beckons. Wolters Kluwer.
5.
Ernst, & Young (1999). The Impact of GST on Small Business in Queensland. A Report for the Queensland Department of State Development, June1999.
6.
GargG. (2014). Basic concepts and features of Goods and services tax in India. International Journal of Scientific Research and Management, 2(2), 542–549.
7.
GhoshS. (2020). Small businesses, big reform. Economic and Political Weekly. https://www.epw.in/journal/2020/18/special -articles/small-businesses-big-reform.html?destination= node/156852#
8.
GilesD. E. A. (2000). Modelling the Hidden Economy and the Tax-gap in New Zealand. In BoadwayR., and RajB. (Eds.), Advances in public economics. Studies in empirical economics. Physica. https://doi.org/10.1007/978-3-642-57654-6_4
9.
GoughD. (2007). Weight of evidence: A framework for the appraisal of the quality and relevance of evidence. Research Papers in Education, 22(2), 213–228.
10.
Govinda RaoM. (2000). Tax reforms in India: Achievements and challenges. Asia-Pacific Development Journal, 7, 59–74. https://www.researchgate.net/publication/254388312_Tax_reform_in_India_Achievements_and_challenges/citation/download. https://www.unescap.org/sites/default/files/apdj-7-2-3-rao.pdf
11.
Inland Revenue Department (1999). A review. A tax policy. Discussion Document, Policy Advice Division.
12.
KloedenD. (1998). Does Australia need a GST?Journal of ATAX Association, 1(November) University of NSW, Sydney.
13.
Koh Soo How (2014, June06). Singapore’s GST system a ‘win-win’ for all. The Business Times. https://eresources.nlb.gov.sg/newspapers/digitised/issue/biztimes20140606-1
14.
LiX. (2018). Why the GST became Malaysia’s public enemy number one. The Diplomat. https://thediplomat.com/2018/10/why-the-gst-became-malaysias-public-enemy-number-one/
15.
Ministry of Micro, Small and Medium Enterprises (2020). MSME Annual Report 2019–2020. Government of India, New Delhi.
16.
MohanV., & AliS. (2018). Assessment of the implications of GST rollout on Indian MSMEs. Theoretical Economics Letters, 8, 3567–3580. https://doi.org/10.4236/tel.2018.815219; https://www.scirp.org/journal/paperinformation.aspx?paperid=89082
17.
MungayaM., MbwamboA. H., & TripathiS. K. (2012). Study of tax system impact on the growth of small and medium, enterprises (SMEs): With reference to Shinyanga Municipality, Tanzania. International Journal of Management and Business Studies, 2, 99–105.
18.
MurariK., & ChettriS. (2020). Perceived impact of Goods and Services, Tax (GST) and growth of micro, small and medium, enterprises (MSMEs) in Sikkim. Orissa Journal of Commerce, 41, 97–116.
19.
NayyarA., & SinghI. (2018). A comprehensive analysis of Goods and Services, Tax (GST) in India. Indian Journal of Finance, 12, 57. https://doi.org/10.17010/ijf/2018/v12i2/ 121377.
20.
NilanjanK., & NidhiS. (2018). ‘Relevance of GST HSN codes for indirect tax implementation in India: A review’. BULMIM Journal of Management and Research, 3, 39–45. https://doi.org/10.5958/2455-3298.2018.00006.5
21.
RaiV. K. (2018). Consequences of GST for micro, small and medium enterprises. In GuptaV. K., MishraS., & AryaK. K. (Eds.), GST simplified tax system: Challenges and remedies (pp. 296–299). Swaranjali Publication.
22.
RamliR., PalilM. R., HassanN. S. A., & MustaphaA. F. (2015). Compliance costs of Goods and Services, Tax (GST) among small and medium enterprises. Journal Pengurusan, 45, 39–48. https://doi.org/10.17576/pengurusan-2015-45-04
23.
RanjanA., & GerogeT. S. (2016). Subjective well-being of children in India: A systematic review. Indian Journal of Positive Psychology, 7(4), 504–510. 10.15614/ijpp/2016/v7i4/133913
24.
RoychowdhuryP. (2012). VAT and GST in India – A note. Paradigm, 16(1), 80–87.
25.
SehrawatM., & DhandaU. (2015). GST in India: A key tax reform. International Journal of Research-Granthaalayah, 3, 133–141.
26.
ShamsuddinA., SeagaranD. C., RajasegaranG., KeshenanL. J., & SelvamS. (2016). Impact of GST on SMEs in Johor Bahru. South-East Asia Journal of Contemporary Business, Economics and Law, 10, 55–65. https://seajbel.com/wp-content/uploads/2016/09/K10_8.pdf
27.
SharmaM. K., & SainiS. (2019). Awareness and impact of GST among Small business owners: A study of Mandsaur city in M.P. Indian Journal of Accounting, 51(1), 91–100.
28.
SidikM. H. J., MuhaidinN. J., & SuparM. (2019). Goods and Services Tax and sales and services tax in Malaysia: A review of literature. International Journal of Financial Research. https://doi.org/10.5430/ijfr.v10n5p208
29.
SmithJ. S. (2018, July12). What can Malaysia’s new SST learn from GST?International Tax Review. https://www.internationaltaxreview.com/article/b1f7mzxxxdfkck/what-can-malaysias-new-sst-learn-from-gst
30.
SrinivasK. T. (2013). Role of micro, small and medium enterprises in inclusive growth. International Journal of Engineering and Management Research, 3, 57–61.
31.
ThompsonJ., & LumpkinS. (2004). The SME financing gap: Theory and evidence (Vol.1, pp. 11–17). Organisation for Economic Co-operation and Development.
32.
TurkaS. K., & SinghS. G. (2017). Impact of Goods and Service, Tax (GST) on Micro Small and Medium, Enterprises (MSMEs). Academic Discourse, 6(2), 89–93.
33.
UppalA., WadhwaB., VashishtA., & KaurD. (2019). GST: Awareness and perception of small business persons (SBPs). International Journal of Innovative Technology and Exploring Engineering, 8, 243–248.
34.
VasanthagopalR. (2011). GST in India: A big leap in the indirect taxation system. International Journal of Trade, Economics and Finance. 144–146. https://doi.org/10.7763/IJTEF.2011.V2.93.
35.
ZainolF. A., & SoonT. T. (2017). GST: The impacts, opportunities and challenges for Malaysian SMEs, and experiences faced by other knowledge-based economies. Asian Institute of Knowledge Management, 2(1), 13. http://www.asianikm.com/ejournal/index.php/aikm/article/view/10
