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“A STUDY ON IMPACT OF GOODS AND SERVICES TAX

AMONG TEXTILE SECTOR WITH REFERENCE TO


ANGAMALY TOWN.”

PROJECT REPORT

A project report submitted to the University of Calicut in


partial fulfillment of the requirements for the awards of the

DEGREE OF BACHELOR OF COMMERCE

Submitted by:

DELMY ROSE DAVIS

(EKAQBCM023)

UNDER THE SUPERVISION AND GUIDANCE OF

MS. TARA RAMESH

(Assistant professor of Dept of Commerce)

DEPARTMENT OF COMMERCE
SAHRDAYA COLLEGE OF ADVANCED STUDIES,
KODAKARA
2018-2019
CERTIFICATE

This is to certify that the project titled “A STUDY ON IMACPACT OF


GOODS AND SERVICE TAX AMONG TEXTILE SECTOR” is an
original record of work done by MR. DELMY ROSE DAVIS,
(Reg.no:EKAQBCM023) sixth semester B.Com student of SAHRDAYA
COLLEGE OF ADVANCE STUDIES, KODAKARA under my guidance
and supervision in partial fulfillment of the requirement for the award of
Bachelor Degree in Commerce of Calicut University.

DR. KARUNA K NAIR MS. TARA RAMESH

(Head of Department) (Guide)


DECLARATION

I, DELMY ROSE DAVIS, 6th Semester B. Com, student, SAHRDAYA


COLLEGE OF ADVANCED STUDIES, KODAKARA hereby declare that
this project report entitled “A Study On Impact Of Goods And Service Tax
Among Textile Sector” is prepared by me under the guidance and supervision
of MS. TARA RAMESH, Assistant Professor, SAHRDAYA COLLEGE OF
ADVANCED STUDIES, KODAKARA. I further declare that this project
report has been submitted by me, for the award of my Graduate Degree in
Commerce. I also declare that this project report has not previously formed on
the basis of the award of any degree, diploma, fellowship or other similar title
of recognition.

Date: DELMY ROSE DAVIS

Place: Kodakara (Reg.No: EKAQBCM023)


ACKNOWLEDGEMENT

First and foremost, I thank our God Almighty for blessing me immensely and
empowering me at times of difficulty like a beacon of light. Without His divine
intervention I wouldn’t have accomplished this project.

A lot of people have directly or indirectly contributed to this project in a


variety of ways. Although no list would be complete, it is my sincere pleasure
to acknowledge the assistance of many friends and colleagues who provided
encouragement, knowledge and constructive criticism. The project itself is an
acknowledgement to the drive, inspiration and technical guidance contributed
to it by many individuals including my parents and benefactors.

I thank our beloved Executive Director Rev. Fr. TITUS


KATTUPARAMBIL and Principal Dr. P O JENSON for giving me the
opportunity for undertaking this assignment. I am greatly thankful to the
Department of Commerce of SAHRDAYA COLLEGE OF ADVANCED
STUDIES, KODAKARA for their support.

I profoundly indebted to Adv. V.J.THOMAS, Dean and Dr. KARUNA K


NAIR, Head of the Department of Commerce for helping me technically and
giving valuable advices and suggestions from time to time. They are always
my source of inspiration.

I express my heartfelt gratitude and thanks to my guide MS.TARA RAMESH,


Assistant professor Department of Commerce for her keen interest in this
project and for her guidance and support for the project.

I would like to thank my family and my friends for their immense help in
doing this project. Above all, I bow the GOD Almighty for his invariable love
and grace that he bestowed upon me.

Date DELMY ROSE DAVIS

Place: Kodakara (Reg.No:EKAQBCM023)


TABLE OF CONTENTS

PAGE
CHAPTER CHAPTER NAME No.
No

1 INTRODUCTION 1-8

2 REVIEW OF LITERATURE AND 9-30


THEORETICAL FRAMEWORK

3 INDUSTRY PROFILE 31- 37

4 DATA ANALYSIS AND INTERPRETATION 38- 53

5 FINDINGS, SUGGESTIONS AND 54- 58


CONCLUSION

BIBLIOGRAPHY

APPENDIX
LIST OF TABLES
TABLE NAME OF TABLES PAGE
NO NO
1 Educational qualification 38

2 Years of experience in textile field 39

3 Reason for payment of tax 40

4 Advantages of GST 41

5 Transperancy of GST 42

6 GST reduces tax evasion 43

7 GST will reduce cascading effect 44

8 GST, easy to work out 45

9 GST, easy to work out 46

10 Need for revision in prices 47

11 The biggest challenge for your business 48


during the transition to GST regime
12 Effect of GST in market demand of material 49
sold
13 Change in the procedures of border check 50
post
14 Reduction in cost of goods supplied 51

15 Changes in availability of goods 52


LIST OF GRAPHS
GRAPH NAME OF GRAPH PAGE NO
NO
1 Educational qualification 38

2 Years of experience in textile field 39


3 Reason for payment of tax 40

4 Advantages of GST 41

5 Transperancy of GST 42

6 GST reduces tax evasion 43


7 GST will reduce cascading effect 44
8 GST, easy to work out 45
9 GST, easy to work out 46
10 Need for revision in prices 47
11 The biggest challenge for your business during the 48
transition to GST regime
12 Effect of GST in market demand of material sold 49
13 Change in the procedures of border check post 50

14 Reduction in cost of goods supplied 51

15 Changes in availability of goods 52