Proceedings of the International Conference on Digital Transformation in Business: Navigating the New Frontiers Beyond Boundaries (DTBNNF 2024)

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Goods and Services Tax: A Study on Small Business Entities Taxpayers in Chennai

Authors
J. Hena Esther Rani1, *, G. Kalpana2
1Research Scholar, The Department of Commerce, Vels Institute of Science Technology and Advanced Studies, Pallavaram, Chennai, 117, India
2Assistant Professor, Department of Commerce, Vels Institute of Science Technology and Advanced Studies, Pallavaram, Chennai, 117, India
*Corresponding author. Email: henaestherrani@gmail.com
Corresponding Author
J. Hena Esther Rani
Available Online 3 June 2024.
DOI
10.2991/978-94-6463-433-4_2How to use a DOI?
Keywords
GST; Small business entities; Entrepreneur
Abstract

Any nation’s ability to succeed is based on its different economic sectors and other influencing factors; these factors determine the priorities that are best for the people in terms of trade, investment, economic development, personal growth, and technology support for a higher standard of living. Small business entities are essential to all of these activities. To ensure the ceaseless movement of transparent dealings without any tricky tax compliance that burdens the dealers, businesspeople and consumers this GST was implemented. During the early stage of implementing GST, most small business units found it difficult to adapt because of compulsory registration and digitalization. This study examines the trouble and handicaps that small business entity entrepreneurs confront. To evaluate the effect of different factors that determine the challenges faced by small business entities after the GST implementation in Chennai, Tamil Nadu. 200 small business entities and business owners were selected for the investigation. The research’s statistical instrument was a one-way ANOVA. The transformation through GST has an impact on various factors that affect small business entities are evaluated using an ANOVA. It was found that the GST can have both advantages and drawbacks for the Indian small business entities sector.

Copyright
© 2024 The Author(s)
Open Access
Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

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Volume Title
Proceedings of the International Conference on Digital Transformation in Business: Navigating the New Frontiers Beyond Boundaries (DTBNNF 2024)
Series
Advances in Economics, Business and Management Research
Publication Date
3 June 2024
ISBN
10.2991/978-94-6463-433-4_2
ISSN
2352-5428
DOI
10.2991/978-94-6463-433-4_2How to use a DOI?
Copyright
© 2024 The Author(s)
Open Access
Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

Cite this article

risenwbib
TY  - CONF
AU  - J. Hena Esther Rani
AU  - G. Kalpana
PY  - 2024
DA  - 2024/06/03
TI  - Goods and Services Tax: A Study on Small Business Entities Taxpayers in Chennai
BT  - Proceedings of the International Conference on Digital Transformation in Business: Navigating the New Frontiers Beyond Boundaries (DTBNNF 2024)
PB  - Atlantis Press
SP  - 4
EP  - 17
SN  - 2352-5428
UR  - https://doi.org/10.2991/978-94-6463-433-4_2
DO  - 10.2991/978-94-6463-433-4_2
ID  - Rani2024
ER  -