A

PROJECT REPORT ON

“A STUDY ON IMPACT OF
IMPLEMENTATION OF GOODS AND
SERVICE TAX AMONG RETAILERS IN
WARORA CITY”
SUBMITTED TO

GONDWANA UNIVERSITY, GADCHIROLI

GADCHIROLI IN PARTIAL FULFILLMENT OF THE REQUIREMENT
FOR THE AWARD OF THE DGREE OF M.COM
Submitted By
Miss. PRERANA DHANRAJ LOKHANDE ( Group leader )
Miss. SWATI. BANDU KSHIRSAGAR Miss. DEEPALI. BANU KUTTARMARE
Mr. SAHIL. LAXMAN LANJEWAR Miss. DHANSHRI. PRADIP MAIND

Under the Guidance of

Dr. SANJAY D. BELEY

M.A(Eco.), M.A(Soc.) B.Ed,
GDC&A

DR. AMBEDKAR COLLEGE OF ARTS, COMMERCE AND SCIENCE CHANDRAPUR

DEPARTMENT OF COMMERCE

DR. AMBEDKAR COLLEGEOF ART, COMMERCE AND SCIENCE

CHANDRAPUR
2021-2022
 DR. AMBEDKAR COLLEGE OF ARTS, COMMERCE AND
SCIENCE, CHANDRAPUR
CERTIFICATE

This is certify that, Miss. PRERANA DHANRAJ LOKHANDE (

Group leader ), Miss. SWATI. BANU KSHIRSAGAR, Miss. DEEPALI.
BANU KUTTARMARE, Mr. SAHIL LAXMAN LANJEWAR, Miss.
DHANSHRI PRADIP MAIND is a bonafide Master of commerce (Final
Year) student of Dr Ambedkar college of Arts, Commerce and
Science, Chandrapur for the session 2021-2022. They were
completed their project entitled “A STUDY ON IMPACT OF
IMPLEMENTATION OF GOODS AND SERVICE TAX AMONG
RETAILERS
IN WARORA CITY” under the guidance of Prof. Dr. SANJAY D. BELEY
This project is being submitted to Gondwana University,
Gadchiroli in the partial fulfilment of the requirements for the
Degree of Master of Commerce. (M.Com)

Place : Chandrapur DR. Rajesh Dahegaokar

Date:
( Principal )
DR. AMBEDKAR COLLEGE OF
ARTS, COMMERCE AND SCIENCE
CHANDRAPUR
 DR. AMBEDKAR COLLEGE OF ARTS, COMMERCE AND
SCIENCE, CHANDRAPUR
CERTIFICATE

This is certify that, Miss. PRERANA DHANRAJ LOKHANDE ( Group

leader ), Miss. SWATI. BANU KSHIRSAGAR, Miss. DEEPALI. BANU
KUTTARMARE, Mr. SAHIL LAXMAN LANJEWAR, Miss. DHANSHRI
PRADIP MAIND is a bonafide Master of commerce (Final Year)
student of Dr Ambedkar college of Arts, Commerce and Science,
Chandrapur for the session 2021-2022. They were completed their
project entitled “A STUDY ON IMPACT OF IMPLEMENTATION OF
GOODS AND SERVICE TAX AMONG RETAILERS
IN WARORA CITY” under the guidance of Dr. SANJAY D. BELEY

This project is being submitted to Gondwana University,

Gadchiroli in the partial fulfilment of the requirement for the
Degree of Master of Commerce. (M.Com)

Place : Chandrapur PROF. Vishranti M. Dhadade

Date:

( Head of department )
DR. AMBEDKAR COLLEGE OF
ARTS, COMMERCE AND SCIENCE
CHANDRAPUR
 DR. AMBEDKAR COLLEGE OF ARTS, COMMERCE AND
SCIENCE, CHANDRAPUR

CERTIFICATE

This is certify that Miss. PRERANA DHANRAJ LOKHANDE (

Group leader ), Miss. SWATI. BANU KSHIRSAGAR, Miss. DEEPALI.
BANU KUTTARMARE, Mr. SAHIL LAXMAN LANJEWAR, Miss.
DHANSHRI PRADIP MAIND is a bonafide Master of commerce (Final
Year) student of Dr Ambedkar college of Arts, Commerce and
Science, Chandrapur for the session 2021-2022. They were
completed their project entitled “A STUDY ON IMPACT OF
IMPLEMENTATION OF GOODS AND SERVICE TAX AMONG
RETAILERS
IN WARORA CITY” under the guidance of Dr. SANJAY D. BELEY

This project is being submitted to Gondwana University,

Gadchiroli in the partial fulfillment of the requirement for the
Degree of Master of Commerce. (M.Com)

Place : Chandrapur Dr. SANJAY D. BELEY

Date:

( Project guide )
DR. AMBEDKAR COLLEGE OF
ARTS, COMMERCE AND
SCIENCE CHANDRAPUR
 DECLARATION

This work presented in this project was conducted during

2021-2022, under the supervision of Prof. Dr. SANJAY D. BELEY.

Dr. Ambedkar College of Arts, Commerce & science, Chandrapur.

This work has not been submitted to any other degree

or diploma to any other university or institute.

Place: Chandrapur

Date:

Name of students Signature

Miss. PRERANA DHANRAJ LOKHANDE ( Group leader ) ________________

Miss. SWATI. BANDU KSHIRSAGAR ________________

Miss. DEEPALI. BANDU KUTTARMARE ________________

Mr. SAHIL LAXMAN LANJEWAR ________________

Miss. DHANSHRI. PRADIP MAIND ________________

 ACKNOWLEDGEMENT

We take this opportunity to express our profound

gratitude to Dr. Rahesh. Dahegaokar (Principal ) for giving
us the permission to take this project work at Dr Ambedkar
college of Arts, Commerce & Science college Chandrapur. We
are thankful to him for this valuable suggestions.
We greatly indebted to our guide Dr. SANJAY D. BELEY
who always encourages and guided us for this project work.
We take this opportunity to thanks him for his valuable
suggestions and constant encouragement given to us from
time to time.
During the preparation of this project many persons
have helped us immensely.
Last but not the least our heartily thanks to our parents
and those of our friends who have, helped us so much in
completion of this project.
Thanking You !

Projectees
M. Com. (Final Year)
2021-2022
 INDEX

Sr.
No CHAPTERS Page No.

1 Introduction

2 Profile of warora city

3 Research Methodology and Hypothesis

4 Scope, Objective And important of the study

5 Review of literature

6 Conception Framework

7 Data Analysis And Interpretation

Summary, Findings, Suggestions And

8
Conclusion
9 Visit Gallery

* Bibliography

* Questionnaire
CHAPTER 1

CHAPTER 1
Introduction
 GST stands for Goods and Service Tax. Vishwanath Pratap
Singh who was the 7th Prime Minister of India first initiated GST act in 1986.
After that in 2007, the prevailing government suggested to deploy GST Act and
the proposal has been presented in Lok Sabha in 2011 and again the same
proposal was presented in Lok Sabha in Dec 2014. GST Act was passed in 2015
and again Act was passed in the Lok Sabha on 29th March 2017 After the
approval of Rajya Sabha GST act was launched from 1st July 2017 and it was
referred as 101 Amendment of Constitution. GST has become a revolutionary
change in indirect taxes after rossing 25 years of economic amelioration.

Goods and Services Tax is an indirect tax which has

replaced many indirect taxes in India such as the excise duty, VAT, services tax
etc. Goods and Services Tax Law in India is abroad, multi-stage, destination-
based tax that is levied on every value addition. GST is a single indirect tax for
the entire country. Under the GST regime, the tax levied at every point of sale. In
the case of intra- state sales, Central GST and State CST are charged. All the
sales related to inter-state are chargeable to the Integrated GST Goods & Services
Tax is a comprehensive, multi- stage, destination-based tax that will be levied on
every value addition. Goods and Service Tax (GST) implemented in India to
bring in the ‘one nation one tax’ system, but its effect on various industries will
be slightly different. The first level of differentiation will come in depending on
whether the industry deals with manufacturing, distributing and retailing or is
providing a service. Goods and services are divided into five different tax slabs
for collection of tax, they are 0%, 5%, 12%, 18% and 28%.The introduction of
GST is an important step in the field of indirect tax reforms in India. By
amalgamating a large number of Central and State taxes into a single tax, GST
will mitigate the ill effects of cascading or double taxation in a major way
towards achievement of common national market.
The Goods and Services Tax (GST), the biggest reform in
India’s indirect tax structure since the economy began to be opened up 25 years
ago, at last looks set to become reality. The Constitution (122nd) Amendment
Bill finally got the nod of Rajya Sabha. Government successfully stitching
together a political consensus on the GST Bill, to pave the way for much awaited
roll out of the landmark tax reform that will create a common market of 1.25
billion people. GST will be a game changing reform for Indian economy by
developing a common Indian market and reducing the cascading effect of tax on
the cost of goods and services.

It will impact the Tax Structure, Tax Incidence, Tax Computation,

Tax Payment, Compliance, Credit Utilization and Reporting leading to a
complete overhaul of the current indirect tax system. Law, provide for
compensation100% to States for any loss of revenues arising on account of GST,
for a period which may extend to five years, based on the recommendations of
the GST Council Here, every tax payer will be issued a 15-digit common
identification number which will be called as “Goods & Service Tax
Identification Number” (GSTIN) a PAN based number.
.
GST is a consumption based tax levied on sale, manufacturing and consumption of goods &
services at a national level. Many taxes have been subsumed under GST which are as under

Central Indirect Taxes & Levies  Central Excise Duty

 Additional Excise Duties
 Excise Duty levied under the Medicinal
Preparations (Excise Duties) Act, 1955
 Service Tax
 Additional Customs Duty (CVD)
 Special Additional Duty of Customs
 Central Surcharge and Cess

State Indirect Taxes & Levies  VAT / Sales Tax

 Entertainment Tax (other than the tax
levied by local bodies)
 Central Sales Tax
 Octroi & Entry Tax
 Purchase Tax
 Luxury Tax
 Taxes on Lottery Betting & Gambling
 State Cesses and Surcharges

Items not covered under (as in Proposed Draft) GST: Alcohol, tobacco, petroleum
product, electricity etc. are not covered under GST.
The retailers can file GST in two ways i.e.; regular and
composite. In the case of regular dealers, they have to file GST monthly returns
(GSTR 3B, GSTR 1,2, 3) + Annual returns), whereas in the case of composite
dealers, they file quarterly returns (GSTR 4) + Annual returns. And also, regular
dealers can make interstate sales as well as local sales and higher sale of tax is
applicable for them. (5%, 12%, 18%, 28%). It is applicable for large assesses
having turnover more than 1.5 crores. If the turnover is less than 1.5 crores, still
normal scheme can be chosen. While, the composite dealers cannot make interstate
sales and they can only sell within the state and their rates of tax are lower ie; 1%
for traders, 1% & 2% for manufactures and 5% for restaurants. It is applicable for
small assesses having turnover up to 1.5 crores in previous year.
The impact of GST on retail sector is going to be positive as it will
bring down total indirect taxes, increase supply chain efficiency and facilitate
seamless input tax credit. After the implementation of GST, state boundaries will
be irrelevant from taxation and documentation point of view. Vanishing state
boundaries will reduce the complexity for retailers and increase the distribution
reach as well as efficiency.
Retail is the process of selling consumer goods or services to
customers through multiple channels of distribution to earn profit. Retailers satisfy
demand identified through a supply chain. Retailing can be defined as the buying
and selling of goods and services. It can also be defined as the timely delivery of
goods and services demanded by consumers at prices that are competitive and
affordable.
TYPES OF GST

GST has four different kind of taxes namely CGST,SGST, IGST and UGST.

 CGST
stands for CENTRAL GOODS AND SERVICE TAX, the tax is levied based on
intrastate supply of goods and services. The share of GST tax is redirected to the
revenue department of central government. CGST replaces all the current Central
taxes like Central Excise Duty, Service Tax, Custom Duty, SAD, etc. the share of
this tax compensates all loss of current service tax and excise duty of the central
government. In case of local sales, Under GST 50% quantum tax is transferred to
SGST.

 SGST
SGST stands for STATE GOODS AND SERVICE TAX , this tax is similar to
CGST ,as part of tax which is diverted to the state government has been credited to
revenue department of state government. In SGST ,tax are exacted by within one
state where transaction of goods and services take place. SGST compensate the
loss of other existing tax like sales tax and value added tax(VAT) which was
replaced all these taxes and has been a sole claimer of the revenue to the state
government. In case of local sales , 50% of quantum tax which was under GST has
been redirected to SGST tax.

 IGST
IGST stands for INTEGRATED GOODS AND SERVICES TAX . This tax is
applicable when transactions take place on interstate or when two states involved
in purchases of goods and services. This tax is collected by central government.
One part of tax is transferred to central government and rest is transferred to the
state government.

 UTGST /UGST
UTGST stands for Union Territory Goods and Services Tax. UTGST provide the
same benefits as SGST. The main purpose of UTGST bill is to levied tax on every
purchase of goods and services which take place within intrastate. This tax is only
applicable to union territories of India namely Andaman and Nicobar Islands,
Chandigarh, Daman, Diu, Dadra, Lakshadweep and Nagar Haveli.
IMPACT OF GST SYSTEM TO RETAILERS
Retail sector is one of the key pillars for Indian economy and it
accounts for around 10% of Gross Domestic Price (GDP). GST will usher in wide
changes in various industries and sectors and Retail industry is not an exception.
While GST implementation is now just few days away, let’s see what will be the
impact of GST on Indian Retail Industry and which changes will this industry need
to imbibe to become GST ready
.
 Less Taxes
As per current tax scenario, retailers are indulged to about 30% indirect taxes
such as CST, VAT, service tax on warehousing, octroi, excise duty and many more.
Retailer tax burden shall be lessen by GST system as it will assign everything into
a single tax .So, simplified tax structure will come into existence by eradicating
cascading of taxes.

 Free flow of goods across the nation

After GST implementation, state borders will be unconnected from taxation and
documentation point of view. This will result into free flow of goods across the
nation without any kind of barriers. GST will make way for distribution of
efficient channel and reduce the complication for retailers.

 Streamlined supply chain

GST has paid way for negative impact on warehouse networks for retail
businesses. Due to the abolition of CST under GST law ,warehouses are no longer
required for retail businesses in every state. Logistics will become efficient too as
state border check posts will go irrelevant. Retail business lead power will improve
due to long queues are found to be reduced as well as free-flowing of goods and
waiting time.

 Gifts, free samples also taxable

GST will come under supply of goods instead of sales or manufacturing. Under
GST, any supply without consideration will result in tax. Retail sector comes up
with many offers like buy one get one free or some freebies on larger goods, every
now and then. Tax will be imposed om such gifts as well when GST comes into
play. This clause will affect promotional activities of retail sector as under current
taxation structure, such goods are tax-free.

 Changes in decision making

From supply chain to distribution to promotions, every strategy of retail industry
will be affected by GST. Retailers will have to re-think these strategies and re-
model their network. Retailers may need to revamp the pricing policy of their
suppliers in view of enhanced credits that may be available to suppliers in GST
regime. Making necessary changes will make it easy for them to comply with
GST.

 Growth of Retail Market

GST will unify the markets as there won’t be state boundaries to hinder their
business. GST will streamline their intra-state as well as inter-state transactions.
Retailers can expand their business beyond one state with ease due to one-time
registration of their business. This will also contribute towards the growth of the
retail market and help boost the economy of the country.

 Overall impact of GST on retail sector

Conclusively, the impact of GST on retail sector is going to be positive from both
taxation and operations point of view. Retail businesses will flourish more, thus
contributing to overall growth of Indian economy. GST will depose total indirect
taxes, upsurge supply chain efficiency and facilitate seamless input tax credit. The
end price for consumers will also reduce because of GST. Except some clauses,
GST will benefit retail sector in a big way. Under GST, which is a destination
based tax, tax is collected by the state where the goods or services will be
consumed. Therefore, it becomes highly imperative to select the appropriate place
of supply for making a tax payment. On careful evaluation of the GST model, it
should be noted that POS for retail will be the location of the goods at the time of
supply to the customer i.e. the location of the outlet/store. It can be deduced that
for retail B2C transaction, CGST+SGST will be charged. Even for home deliveries
made by a retailer within his local limits, the rule remains the same. Therefore,
under the GST regime, the place of supply for retailers will be the final location
where
the goods are delivered to the customers.

STATEMENT OF THE PROBLEM

The introduction of Goods and Services Tax (GST) would be a
very significant step in the field of indirect tax reforms in India. By amalgamating
a large number of Central and State taxes into a single tax, it would mitigate
cascading or double taxation in a major way and pave the way for a common
national market. From the consumer point of
view, the biggest advantage would be in terms of a reduction in the overall tax
burden on goods, which is currently estimated to be around 25%-30%.Introduction
of GST would also make Indian products competitive in the domestic and
international market.
Retail refers to the activity of reselling. A retailer is any person or
organization is a reseller who sells good or services directly to consumers or end-
users. Some retailers may sell to business customers, and such sales are termed
non-retail activity. In some jurisdiction or regions, legal definitions of retail
specify that at least 80% of sales activity must be to end-users.
Hence the present study is focused in the areas of FMCG, Textiles, Hotel, Medical
shop, Jewellery etc…And also focused on knowledge of retailers about GST,
impact of implementation of GST among retailers, opinion of retailers about the
GST implementation.
CHAPTER 2
 PROFILE OF WARORA CITY

Warora is a city, it is Taluka in Chandrapur District of Maharashtra State, India. It

belongs to Nagpur Division. It is located 53 KM towards west from District head
quarters Chandrapur. It belongs to Vidarbh region. During the British Raj, the
town was part of the Central Provinces and was a coal-mining center. The work
place of famous social worker Baba Amte, "Anandwan"is situated in
Warora.

Geography

Warora is a small city in eastern Maharashtra, located in Chandrapur district in

Nagpur Division and eastern part of Vidharbha region., slightly to the west of
Tadoba National Park. There area over 50,000 people living in Warora, and it is a
small center of trade and culture. It located between 20.23°N Latitude and 79.0°E
longitude. Its average elevation is 250 meters (820.21 feet).
The warora is bounded by Nagpur and Wardha on the nortern side, Yavatmal on
the western side, Chandrapur and Gadchiroli in the eastern side.

Demography

Demography of the warora such as population and its growth, density,

occupational structure sex ratio etc.
Total area of Warora is 1,029 km/square, including 1,012.34 km/square rural area
and 16.59 km/square urban area. According to 2011 census, Total Warora
population is 125,008 people are living in this Taluka, of which 64,116 are male
and 60,892 are female. Expected Population of Warora Taluka in 2020/2021 is
between 121,258 and 155,010. Literate people are 91,662 out of 50,790 are male
and 40,872 are female, There are about 179 villages in Warora block,
Anandwan
Anandwan was founded in 1948 and established in 1949 by Baba Amte
with a hope of giving marginalised people a dignified life through self-
reliance and restoring a sense of belonging which they had lost due to
the ill treatment at the hands of society. The project is run by the
organisation Maharogi Seva Samiti. Two of its other projects are Lok
Biradari Prakalp and Somnath, a village for cured leprosy patients.

"Anandwan" literally, Forest of Joy, located around 1 kilometres from Warora

in Chandrapur district in the state of Maharashtra, India, is an ashram of
465 hectares and a community rehabilitation centre which was mainly
started for leprosy patients and the disabled from downtrodden sections of
society.
Baba Amte developed Anandwan to be a self-contained ashram (which
could be described as "a kibbutz for the sick"). Today residents are self-
sufficient in terms of basic subsistence through agriculture. Land fertility in
the region has been revived by works of leprosy patients and is maintained
by using organic farming techniques and micro-water management. In
addition the ashram has various home-based, small-scale industry units run
by the residents that generate income to cover additional requirements.
Baba Amte also shaped Anandwan as an environmentally aware
community to practice energy utilization, waste recycling and minimizing
use of natural resources that might otherwise lead to their depletion.

Anandwan today has two hospitals, a college, an orphanage, a school for

the blind, a school for the deaf and a technical wing. More than 5,000
people are dependent on it for their livelihood. Vikas Amte, Baba Amte's
elder son, is the chief functionary at Anandwan.

Taboba - Andheri Tiger Reserve :

Located around 30 km from the chandrapur city is the second Tiger Reserve in
Maharashtra known as Tadoba Andhari Tiger Reserve created in 1995 on the name
of a mighty warrior Taru whom the villages worshiped as Tadoba National Park
and Wild Life sanctuary are also a part of the project which contains one of the bet
and dense forest of Asia endowed with many Flora and Fauna spices especially the
Tiger.
Tadoba is not only one of the best tourism places in chandrapur but also caries out
eco development activities and spreads awareness of ecosystem in Children's
and villagers.
Chandrapur is very well connected to major town of the country by Rial and road.
Especially to Nagpur which is very important city of central India. The district is
spread over an area of 10,91,9000 hectors with a population of 29,11,917 persons
as per 2001 Census.

Industrial Status :

The story of Tata Steel is a century old and Sir Jamsetji Tata had idea of
starting a steel plant near Warora region. At the age of forty-three in 1882,
Jamsetji read a report by a German geologist, Ritter von Schwartz, that the
best situated deposits of iron ore were in Chandrapur district in the Central
provinces, not far from Nagpur where he worked. They area named was
Lohara, after the iron ore deposits nearby. In the vicinity, Warora had
deposits of coal. Jamsetji is believed to have visited Lohara himself and
obtained specimens of Warora coal for testing. He took a consignment of
coal with him and had it tested in Germany. The coal was found unsuitable.
The mining terms offered by the government were too restrictive, and
Jamsetji gave up the project. But the idea of giving India a steel plant
abided with him

GMR
GMR Warora Energy Limited is a 600 megawatt (MW) coal plant in
Maharashtra, India. The power station is close to Warora in Maharashtra. It
was initially functioned by EMCO Energy, an auxiliary of the GMR Group.
The two 300 Megawatt units were commissioned in 2013 itself.
GMR Warora Energy Limited is commissioned in March 2013. The approved
capacity of the thermal power plant is 600 Megawatt. The installed capacity
of the thermal power plant is also 600 Megawatt. The status of the Thermal
Power Plant is Operational. The source of coal for the generation of power
is from South Eastern Coal Fields Limited (SECL) coal mines, which is a part
of Coal India Limited (CIL).
The primary fuel used is Coal. The GMR Warora Energy Limited is owned
and operated by the GMR Group. The Boiler, Turbine and Generator of the
plant are manufactured by the Shanghai Electric Company, China. Also the
Engineering, Procurement and Construction (EPC) contract was given to
Shanghai Electric Company, China. The beneficiary states of the thermal
power plant are Maharashtra and its neighboring states.
The unit sizes of the thermal power plant are 600 Megawatt (300 Megawatt
x 2 units). There are two units in operation and they are Unit 1 and Unit 2.
The first unit is commissioned in March 2013 with an installed capacity of
300 Megawatt.
Similarly the second unit is commissioned in September 2013 with also an
installed capacity of 300 Megawatt. GMR Warora Energy Limited is
completely tied up below long term Power Purchase Agreement for 200
Megawatt each with Maharashtra State Electricity Distribution Company
Ltd, Dadar and Nagar Haveli Power Distribution Corp Ltd, and Tamil Nadu
Generation and Distribution Corporation. The Commercial Operation Date
of first unit in the power station is March 2013 and the Commercial
Operation Date of second unit was in September 2013. The plant got
certifications like ISO 9001 and ISO 14001

SAI
Sai Wardha Power Plant is a coal-based thermal power plant located
near Warora city in Chandrapur district in the Indian state of Maharashtra.
The power plant is operated by the KSK Energy Ventures.
The coal for the plant is sourced from Western Coalfields Limited (WCL).
The Engineering, procurement and construction contract (EPCC) is given to
Sichuan Electric Design Company of People's Republic of China.
CHAPTER 3
 CHAPTER 3

RESEARCH METHODOLOGY AND HYPOTHESIS

RESEARCH DESIGN

Research design is a plan, structure strategy of investigation

conceived so as to obtain answer to research questions. Every researcher should
prepare a well-defined plan or design in advance for all research. operations. The
decision relating to what, where, when, how much and by what means made up
and plan of study.

It is the process by which the researcher evaluates the tools that

produce research findings. This research is a sample survey because it takes a
considerable part from a large population (impact GST among retailers in warora
taluk) and analyses the sample part in order to make meaningful interpretations
and conclusions. IN this study follows the descriptive in nature.

DESCRIPTIVE RESEARCH

Descriptive research is the fact finding investigation. The

descriptive study is designed to gather descriptive information. It provides
information for formulating complex studies. The data needed for study are
collected through questionnaire. Descriptive research describes phenomena as they
exist. It is used to identify and obtain information on a particular problem or issue.
In this study is descriptive in nature.
SAMPLE DESIGN

A sample design is a definite plan for obtaining a sample from

the sampling frame it refers to the technique or procedure the research would adopt
in selecting some sampling units. An optimum sampling may be defined as the size
of sample, which fulfils the requirements of efficiency, representativeness,
reliability and flexibility. For the study convenience sampling technique had been
used for collecting primary data through questionnaire.

CONVENIENCE SAMPLING

Convenience sampling is a type of non-probability sampling that

involves the samples being drawn from that part of the population that is close to
hand. That is, a sample population selected because it is readily available and
convenient, as researchers are drawing on relationships or networks to which they
have easy access.

POPULATION

Population of the study is the retailers in warora taluk in

Chandrapur district of Maharashtra, India. Size of population of the study is a large
one to be managed, sampling method has been adopted.

SAMPLE SIZE

Sample size is the number of items to be selected from the

population to constitute the sample for the research. A sample should be actual
representation of the population. In order to understand the impact among retailers.
It is decided to select 50 retailers in warora taluk.
SOURCES OF DATA

Source of data means the origin from where we collect the data. Generally, the
source of data collection is two types (1) primary source of data (2) secondary
source of data. Primary and secondary have been used in this study and they were
collected accordingly.

 PRIMARY DATA

Primary data are those data which are directly collected by the researcher or
through investigator or enumerator for his purpose in first time. The primary data
are original in character.
Here, primary data is collected from the retailers in warora taluk by using
questionnaire.

 SECONDARY DATA

The secondary data are those data, which have already been collected and
published or compiled for another purpose of the study. It includes not only
published records and reports but also unpublished records. Secondary data require
for the study have been gathered from internet, newspaper, articles, magazines
etc…
TOOLS FOR ANALYSIS

Under this study in order to analyze and interpret the collected data the following
statistical tools are used.

 SIMPLE PERCENTAGE METHOD

Simple percentage method refers to special kind of ratio percentage that is used in
making comparison between two or more series of data percentage, I used to
describe relationship. Since percentage reduce everything to common days and
thereby allow meaningful comparison to be made. Also it is to classify the opinion
of respondents for different factors.

 CHARTS,DIAGRAMS AND TABLES

Charts, diagrams and tables are used for presentation of the data. It is more useful
to present the results in a simplified manner.

LIMITATIONS O FTHE STUDY

 The study is based on sampling method. So sampling error may

bound to occur.

 Due to lack of time, money and resources, the sample size limited to 50
respondents.

 The respondents may be biased in providing information.

 The study is limited to warora taluk.

The sample size may not be represented the target population of the study
HYPOTHESIS

The study is limited to warora taluk

 H0: There is no significant relationship between the educational status and

the awareness level about GST of retailers.
 H1: There is a significant relationship between the educational status and
the awareness level about GST of retailers.
 H0: There is no significant relationship between the different sectors and
the impact of GST on turnover, cost of production, and price of goods.
 H1: There is a significant relationship between the different sectors and the
impact of GST on turnover, cost of production, and price of goods.

 H0: GST has no significant impact on Small Retailers.

 H1: GST has significant impact on Small Retailers.
CHAPTER 4
 CHAPTER 4
SCOPE AND OBJECTIVE OF GST.

SCOPE OF THE STUDY

The study on problems faced by business dealers on the

implementation of GST is covered in warora Municipality (chandrapur Dis). The
study entitled “Impact of implementation of GST among retailers with Special
reference to warora taluk” was carried out to defined the impact of implementation
of GST among retailers and to understand their knowledge about GST, and also
their opinion. It helps to identify impact of GST in retail sector that is both
positive and negative. So that it will ensure that GST have positive impact in the
retail sector. Because of GST will avoids the cascading effect as the tax is
calculated only on the value add at each stage of transfer of ownership. GST is one
indirect tax for the entire country.
OBJECTIVE OF THE STUDY

So that it will ensure that GST have positive impact in the retail sector. Because of
GST will avoids the cascading effect as the tax is calculated only on the value add
at each stage of transfer of ownership. GST is one indirect tax for the entire
country.

 To identify the knowledge of retailers about GST.

 To understand the impact of implementation of GST among retailer.
 To study the opinion of retailers about the GST implementation.
 To analyses the problems faced by the dealers after implementation of GST.
 To check whether government authorities gave adequate support to the
dealers for familiarizing new tax system
 To examine whether the dealers are aware about new tax system.
 To identify whether the business is benefited from GST implementation
CHAPTER 5
 CHAPTER 5

REVIEW OF LITERATURE

Reviews of related literature forms an integral part of any research

study. A careful scanning of the illiterate studies on related studies will help for
clearing the background for present study.

PINKI, SUPRIYA KAMMA AND RICHA VERMA

Studied, “Goods and Service Tax – Panacea for Indirect Tax System in India “and
concluded that the new NDA government in India is positive to ward simple
mentation of GST and it is beneficial for central government, state government and
as well as for consumers in long run if its implementation is backed by strong IT
infrastructure.

AGOGOMAWULI

Studied, “Goods and Service Tax- An Appraisal” and found that GST is not good
for low- income countries and does not provide broad based growth to poor
countries. If still thee countries want to implement GST, then the rate of GST
should be less than 10%forgrowth.

NITIN KUMAR

Studied, “Goods and Service Tax – A Way Forward” and concluded that
implementation of GST in India help in removing economic distortion by current
indirect tax system and expected to encourage unbiased tax structure which is in
different to geographical locations.
NISHITHA GUPTHA
In her study stated that implementation of GST in the Indian framework will lead
to commercial benefit which were untouched by the VAT system and would
essentially lead to economic development. Hence GST may us her in the
possibility of a collective gain for industry, trade, agriculture and common
consumers a well as for the Central and State government.

JAIPRAKASH

In his research study mentioned that the GST at the Central and the State level are
expected to give more relief to industry, trade, agriculture and consumers through a
more comprehensive and wider coverage of input tax set-off and service tax set-
off, subsuming of several taxes in the GST and phasing out of GST. Responses of
industry and also of trade have been indeed encouraging. Thus GST offers us the
best opinion to broaden our tax base and we should not miss this opportunity to
introduce it when the circumstances are quite favorable and economy is enjoying
steady growth with only mid inflation.

SARAVANAN VENKADASALAM

Has analyzed the post effect of the goods and service tax (GST) on the national
growth on ASEAN states using Least Squares Dummy Variable Model(LSDVM)
in his research paper. He stated that seven of ten ASEAN nations are already
implementing the GST. Heal so suggested that the household final consumption
expenditure and general government consumption expenditure are positively
significantly related to the gross domestic product as require and support the
economic theories. But the effect of the post GST differs in countries. Philippines
and Thailand show significant negative relationship with their nation’s
development. Meanwhile, Singapore shows a significant positive relationship. It is
undeniable that those countries whom implementing GST always encounter grows.
Nevertheless, the extent of the impact varies depending on the governance,
compliance cost and economic distortion. A positive impact of GST depends on a
neutral and rational design of the GST such a way it I simple, transparent and
significantly enhances involuntary compliance. It must be actual, not presumptive,
prices and compliance control would be exercised through an auditing system.

HUANG

The author examines the relation between the newly introduced GST in Australia
in 2000 and the mortgage costs between 1999 and 2001. The study concludes that
given that in Australia financial services industry is taxed on input taxation basis
i.e. the output mortgage service not liable to GST and GST paid on input services
to provide these mortgage services are also not allowed. This extra cost of sunk in
put taxis passed in the form of increased mortgage costs to customers making
housing costly post introduction of GST in Australia.

NEW ZEAL AND GOVERNMENT

The author has traced the GST and import duties applicable on the various imports
into New Zealand. The paper discusses not only the goods on which duty is
payable but also whether further GST is payable on the same goods. The paper
also discusses the applicability of the taxes on the goods ordered and delivered
through internet. The paper also discusses various exemption available like
personal effects to the import taxation.

DR. R. VASANTHAGOPAL

Studied, “GST in India: A Big Leap in the Indirect Taxation System” and
concluded that switching to seamless GST from current complicated indirect tax
system in
India will be a positive step in booming Indian economy. Success of GST will lead
to its acceptance by more than 130 countries in world and a new preferred form of
indirect tax system in Asia also.

EHTISHAM AHMED AND SATYA PODDAR

Studied “Goods and Service Tax Reforms and Inter governmental Consideration in
India” and found that GST introduction will provide simpler and transparent tax
system with increase in output and productivity of economy in India. But the
benefits of GST are critically dependent on rational design of GST.
CHAPTER-6
 CHAPTER-6

CONCEPTION FRAMEWORK

 GOODS AND SERVICE TAX (GST)

Goods and Service Tax Law in India is a comprehensive, multi-stage, destination

based tax that is levied on every value addition. In simple words, Goods and
Service Tax is an indirect tax levied on the supply of goods and services. GST Law
has replaced many indirect tax laws that previously existed in India. GST is one
indirect tax for the entire country.
Under the GST regime, the tax will be levied at e very point of sale. In case of
inter state sales, Central GST and State GST will be charged. Intra state sales will
be charged to Integrated GST.
The GST journey in India began in the year 2000 when a committee was set up to
draft GST Law. It took 17 years from then for the law to evolve. In 2017the GST
Bill was passed in the Lok Sabha and Rajya Sabha. On 1 st July 2017 the GST Law
came into force.
The main advantages of GST remove the cascading effect on the sale of goods and
services. Removal of cascading effect will directly impact the cost of goods. The
cost of goods should decrease since tax on tax is eliminated in the GST regime.
GSTisalsomainlytechnologicallydriven.Allactivitieslikeregistration, return filing,
application for refund and response to notice needs to be done online on the GST
portal. This will be speed up the processes. Advantages of GST are,

 Removing cascading tax effect.

 Higher threshold for registration.

 Composition scheme for small businesses.

 Online simpler procedure under GST.

  Lesser compliances.

 Defined treatment fore-commerce.

 Increased efficiency in logistics.

 Regulating the unorganized sector.

CGST collected by the Central Government on an intra-state sale.

SGST collected by the State Government on an intra-state sale.
IGST collected by central government for inter-state sale

VALUE-ADDEDTAX(VAT)

A value- added tax (VAT) is a consumption tax placed on a product whenever

value is added at each stage of the supply chain, from production to the point of
sale. The amount of VAT that the user pays is on the cost of the product, less any
of the costs of materials used in the product that have already been taxed.

RETAILING
Retail refers to the activity of re selling. A retailer is any person or organisation is
are seller who sells good or services directly to consumers or end-users. Some
retailers may sell to business customers, and such sales are termed non-retail
activity. In some jurisdiction or regions, legal definitions of retail specify that at
least 80% of sales activity must be to end-users.
TYPES;

 DEPARTMENTAL STORES: A departmental store is a set-up which offers

wide range of products to the end-users under one roof. In a departmental
store, the consumers can get almost all the products they aspire to shop at
one place only.
 DISCOUNTSTORES: Discount store also offer a huge range of products to the
end-users but at a discount rate.
 SUPERMARKET: A retail store which generally sells food products and
house hold items, properly placed and arranged in specific departments.
 WAREHOUSE STORES: A retail format which sells limited stock in bulk at a
discounted rate.
 KIRANA STORES: Kirana stores are the small stores run by individuals in the
near by locality to cater to daily needs of the consumers staying in the
vicinity.
 SPECIALITYSTORES: It would specialize in a particular product and would
not sell anything else apart from the specific range. They sell only selective
items of one particular brand to the consumers and primarily focus on high
customer satisfaction.
 E- TAILERS: The customers can place their order through internet, pay with
the help of debit or credit cards and the products are delivered at their
homes only.
 DOLLAR STORES: It offer selected products at extremely low rates but here
the prices are fixed.
FAST MOVING CONSUMER GOOD(FMCG)

Fast moving consumer goods are products that sell quickly at relatively
low cost – items such as milk, gum, fruit and vegetables, toilet papers,
soda, beer and over- the-counterdrugs like aspirin. The fast moving
consumer goods industry covers the households’ items that you buy
when shopping in the supermarket or pharmacy. ‘Fast moving’ implies
that the items are quick to leave the shelves and also tend to be high in
volume but low in cost items.
The products are ones that are essential items that we use day in and day
out. This multi-million-dollar sector holds some of the most famous
brand names that we
come across every single day.

TEXTILES

A type of material composed of natural or synthetic fibers. Types of

textiles include animal-based material such as wool or silk, plant-based
material such as linen and cotton, and synthetic material such as
polyester and rayon. Textiles are often associated with the production of
clothing,
The textile industry is primarily concerned with the design, production
and distribution of yarn, cloth and clothing. The raw material may be
natural, or synthetic using products of the chemical industry.

HOTEL

The primary purpose of hotels is to provide travelers with shelter, food,

refreshment, and similar services and goods, offering on a commercial
basis thing that are customarily furnished within households but
unavailable to people on a journey away from home. Historically hotels
have also taken on many other function, serving as business exchanges,
decorative showcase, political head quarters, vacations pots, and
permanent residences. The hotel as an institution, and hotels as an
industry.

MEDICAL SHOP

A store that sells health care products and medicines. Customer can buy
both over- the-counter and prescription medication at a drugstore. It is
not uncommon for drug store to carry other frequently used household
products and pp merchandise.
It is a retail shop which provides prescription drugs, among other products. At the
pharmacy, a pharmacist oversees the fulfilment of medical prescription and is
available to give advice on their offering of over-the-counterdrugs. Atypical
pharmacy would be in the commercial area of a community.

JEWELLERY

A branch of industry that produces articles from precious metals and

gems and from other materials subjected to artistic treatment. Objects of
personal adornment for women, tableware, and various souvenirs
constitute most of the articles made by the jewellery industry. The
industry’s growth in the USSR has been linked with the rising standard
of living of the working people and the increased export of jewellery to
other countries.
CHAPTER 7
 DATA ANALYSIS AND INTERPRETATION
Collected data are analysed by using statistical tools like percentage
Table, diagrams, charts and graphs are also used to analyse the data to present
the result in attractive ways.

Demographic Profile of the Respondents

Variables Number
Age Below30 12
30–40 10
40-50 20
Above50 8
Gender Male 40
Female 10
Educational Qualification School Level 21
UG 24
PG 1
Others 4
Income BelowRs.20,000 18
20,001 - 40,000 25
AboveRs.40,000 7
Working Experience Below1year 3
1-3years 7
3-6 years 10
6-10years 15
Above10years 15
Nature of Shop Own 25
Lease 10
Rent 15
Total 50
Source: Primary Data

From the table it is clear that the age of the respondents below 30 years are 12,
between 30 to 40 years are 10, 40 to 50years are 20 and above 50 years are 8. From the
respondents the maximum retailers are male and the educational qualification of
maximum respondents is Undergraduate and School education followed by Post
graduate and some have done other courses such as D.Ed. Maximum respondents i.e.,
30 are doing the business since from 10 years and above and the shop they run are
owned by maximum respondents while few have taken it on rent or lease.
1. DISTRIBUTION ON THE BASIS OF AWARENESS LEVEL ABOUT GST

TERMS HIGHLY AWARE NUETRAL UNAWARE HIGHLY TOTAL

AWARE UNAWARE
Tax 18 22 10 0 0 50
Rates
Payment 2 9 25 18 0 50
Mechanism
GST 0 11 23 16 0 50
Credit
Composition 12 18 8 5 7 50
Scheme
GST online 5 12 15 10 8 50
Procedure
Total 37 72 81 49 15 250
(SOURCE:PRIMARYDATA)

AWARENESS LEVEL ABOUT GST

30

25

20
HIGHLY
AWARE
15
AWARE
NUETRAL
10 UNAWARE
HIGHLY UNAWARE

0
Tax rates Payment GST credit Composition GST online
mechanism scheme procedure
(SOURCE:PRIMARYDATA)

INTERPRETATION

From the above graph shows that awareness level about GST of 50 retailer i.e.,21 out
of 50 retailers are highly aware about GST tax rates , 7 retailer are highly aware of
payment mechanism of GST , 12 retailer are aware about composition scheme, 9
retailer are highly aware about the GST online procedure
2. DISTRIBUTION ON THEBASIS OF SOURCE OF GETTING KNOWLEDGE
ABOUT GST:
Sr. No SOURCES NO. OF
RETRAILERS
1 Trade unions 173
2 Professionals 178
3 Friends &relatives 215
4 Mass media 306
5 Online sources 304
6 Others 60
(SOURCE:PRIMARYDTA)

SOURCES OF GETTING KNOWLEDGE ABOUT GST

SCORE
350
300
250
200
150
SCORE
100
50
0
NS AL
S
TIV
E IA ES RS
NIO N A ED URC THE
L
U SIO RE SM O O
A DE FES & AS ES
TR O DS M IL N
PR IEN ON
FR
(SOURCE: PRIMARY DATA)

INTERPRETATION:

The above table shows that the distribution on the basis of

sources of getting knowledge about GST. It says that out of 50
respondents’ majority of the respondents are provide 1st rank to mass
media, and they can provide last i.e. 6th rank to the other sources.
Through this analysis mass media is the major source of getting
knowledge about GST.
3. DISTRIBUTION ON THEBASIS OF RESISTER UNDER GST

SR. No. REGISTER UNDER NO. OF

GST RETRAILERS
1 YES 47
2 NO 3
TOTAL 50
(SOURCE: PRIMARY DATA)

Registered under GST

50

40 47

30

20 Registered underGST

10

0
3
Yes No

(Source: Primary Data)

INTERPRETATION
From the above graph it is clear that 47 small Retailers i.e.
94% are register under GST and only 3 i.e. 6% did not register GST as they
are new in the market and they have changed the business.
4. DISTRIBUTION ON THE BASIS OF PROBLEMS RELATED TO GST
PROCEDURES

PURTICULERS NO. OF PERCENTAGE

RESPONDENTS
Yes 19 38%
No 31 62%
Total 50 100%
(SOURCE:PRIMARYDATA)

PROBLEMS RELATED TO GST PROCEDURES

Percentage

38%

Yes No

62%

(SOURCE: PRIMARY DATA)

INTERPRETATION:

The above table shows that the distribution on the basis of

problems related to GST procedure among sample respondents. It says that
57% of the respondents have said that there are no problems related to GST
procedures, and remaining 43% of the respondents have said that there are
problems related to GST procedures. Majority of the respondents have said
that there is no problem related to GST.
5. DISTRIBUTION ON THE BASIS OF OPINION ABUOT IMPLIMENTING
GST:

OPINION NO.OFRESPONDENTS PERCENTAGE

Excellent 9 18%
Good 12 24%
Moderate 18 36%
Bad 9 18%
Very bad 2 4%
Total 50 100%
(SOURCE: PRIMARY DATA)

OPININ ABOUT IMPLIMENTING GST

Percentage
40%
36%
35%

30%

25% 24%
Percentage
20% 18% 18%
15%

10%

5% 4%

0%
Excellent Good Moderate Bad very Bad
(SOURCE: PRIMARY DATA)

INTERPRETATION:
The above table shows that distribution on the basis of opinion
about implementing GST. It says that 33% of the respondents are says that
their opinion is neutral, and 24% of the respondent s are says that their
opinion is good. And 18% of the respondent are says that their opinion is
excellent and also bad, and 7% of the respondent are says that their opinion is
very bad. Majority of the respondents ‘opinion is neutral
 6. DISTRIBUTION ON THE BASIS OFEFFECT OF GST ON SMALL
RETAILERS

INDIRECT TAX ON GIFT

INCREASED IN ELIMINATE
TAXES REDUCED IN ITEMS AND
OPINION SUPPLY CHAIN CASTING
WOULDBE COMPLEXITY PROMOTIONAL
EFFICIENCY EFFECTS OF TAX
REDUCED ITEMS
Yes 62% 71% 52% 62% 66%
Can’t Say 14% 11% 28% 15% 10%
No 24% 18% 20% 23% 24%
(SOURCE: PRIMARY DATA)
 Effect of GST on Small Retailers
80%
70%
60%
50%
40%
30%
20% YES
10% CAN'T SAY
NO
0%
d y y x s
u ce ienc
le xi t o fta item
re
d c p ct al
re neffi com effe on
a i ti
es ha in ng o
tax l yc o n adi r om
ct pp cti c p
du as nd
dire e su e a t ec sa
In as R
re im
in gift
c l n
In E xo
Ta
(Source: Primary Data)

INTERPRETATIO

From the above graph it is clear that the GST is going to

have a positive effect on Small Retailers as maximum respondents i.e., 62%
are in. opinion that the indirect taxes would be reduced, 71% respondents
rein opinion that GST can increase in supply chain efficiency, 52% of
respondents are in opinion that there would be reduction in complexity, 62%
respondents are in opinion that GST will eliminate cascading effect of tax and
66% respondents are in opinion that there would be tax on gift items and
promotional item
7. DISTRIBUTION ON THE BASIS OF IMPACT OF GST ON SMALL RETAILERS

OPINION GST IS GOOD TAX PAYMENT GST LOWER FILLING TAX GST LOWER
INITIATION IS EASY THE RATE OF RETURNS THE
GOODS AND EASY LOGISTIC
SERVICE OVERHEADS

AGREE 90% 66% 70% 52% 71%

CAN’T SAY 8% 14% 15% 22% 12%
DISAGREE 2% 20% 15% 16% 17%
(SOURCE: PRIMARY DATA)

Impact of GST on Small Retailers

AgreeCan’tSayDisagree

90%

70% 71%
66%

52%

22%26%
20% 17%
14% 15%15% 12%
8%
2%

GST is a goodTax payment GST lowers Filing of taxGST lowers returns is

initiationis easy the rate of easythe logistic
Goods and overheads
services

( Source: Primary Data)

INTERPRETATIO
From the above graph it is clear that GST has a significant impact on
Small Retailers as more than 90% of retailers are in opinion that GST is a good initiation,
66% are in opinion that the tax payment is easy, 70% are in, 52% say that filing of tax is
easy and 71% are in opinion that GST lowers the logistic overheads. So GST has impact
on Retailers towards progression of economy. So it is clear that the alternate hypothesis
is accepted i.e., GST has a significant impact on Small Retailers, but there are few
limitations like they are not so handy to technology so filing of tax returns is not easy as
there is requirement of clarity and simplification of procedure.
CHAPTER-8
 CHAPTER-8
SUMMARY, FINDINGS, SUGGESTIONS AND
CONCLUSION

SUMMARY

GST is one indirect tax for the entire country. In simple words, Goods
and Service Tax is an indirect tax levied on the supply of goods and services.
GST law has replaced many indirect tax laws that previously existed in India.

This study has been conducted to understand the impact of

implementation of GST among retailers in warora taluk. This study is reveals
that GST implementation have both positive and negative impact in retail sector.

The 1st chapter describes introduction, type of GST, statement of the

problem, objective of the study, significance of the study, research methodology
etc. The 5thchapter deals with review of literature gives information about the
studies related to Goods and Service Tax and theoretical frame work. The. 6 th
chapter briefly explain retail outlets.
 FINDINGS

 This study is reveals that 83% of the sample respondents are highly aware
about GST tax rates. And 63% of the respondents are aware about
composition scheme.
 Under this study it found that, one of the most important source of getting
knowledge about GST is mass media and the second one is online sources.
 83% of the respondents are registered under the composition scheme, and
17% of the respondents are not registered under the composition scheme.
 This study is found that 55% of the respondents have said that GST is better
than VAT, and 45% of the respondents have said that VAT is better.
 57% of the respondents have said that there is no problem related to GST
procedures, and 43% of the respondents have said that there are problems
related to GST procedures.
 Most of the respondents [75%] are strongly agreed that GST ha increase the
cost of production, and 65% of respondents are agreed that GST is regulating
the unorganized sector.
 Among the sample respondents 91% of the them are highly satisfied about 0%
tax rates, and 80% of the them are satisfied about 5% tax rates.
 In my study is found that majority [32%] of the respondents are educated up
to SSLC. And 27% of the respondents are PLUSTWO.

 In my study it is found that 33% of the respondents’ opinion about

implementing GST is neutral, and 24% of the respondents’ opinion is good.

 Among the sample respondents 52% of them are says that GST in favor of
retailers.
 Among the respondents 73% of them are sole traders and 27% of them doing
partnership.
 Most of the respondents [75%] is strongly agreed that GST is helpful for overall
development of nation, and 73% of them agreed that GST is decrease the cost
of collection of tax revenues of the government.
 SUGGESTIONS

 To conduct awareness classes among retailers.

 GST process must be reduced so that business can operate efficiently in the
best interest of the people and for economic growth.
 Rate should be rationalized and reduced. Daily usage items such as
soaps, creams, electrical goods, film tickets should not be taxed at 28%
 Composition scheme should also be provided to small scale service providers.
 Petroleum products and electricity to be brought within the control of GST.
 CONCLUSION

This study is reveal that under the proposed GST regime, various
Indirect Taxes would be subsumed and hence it is expected that it would result
in a simpler tax regime, especially for industries like FMCG, Textiles, Hotel,
Medical shop, Jewellery etc…. Apart from simplification of tax compliances,
the rate of tax will also have a significant impact on the all the specified sectors.
In FMCG sector the VAT rate is amount to approximately 22-24%,under the
GST regime the rate would be in the range of 5% to 28%. Andin Textile
industry the VAT rate was 4-5%, under the GST regime the rate would be in the
range of 5% to 18%. Andin Hotel industry the VAT rate was 5-20%, under the
GST regime the rate would be in the range of 5% to 18%. And in Medical sector
the VAT rate was 4%, under the GST regime the rate would be in the range of
5% to 12%. And in jewellery industry the VAT rate was 1%,under the GST
regime the rate would be 5%. Thereby resulting in significant impact for these
sectors .i.e. the all these sectors have both positive and negative impact from
GST.

Hence I would like to conclude by saying that the Central

government have get more benefit from GST implementation, and the retailers
are the main looser. That is the GST have both positive and negative impact
VISIT GALLERY
Visit at Medical shop

Visit at furniture shop

BIBLIOGRAPHY
 BIBLIOGRAPHY

 Dr. Mohan Kumar, CA Yogesh Kumar (2017). “GST & its portable
impact on the FMCG industry in India”, International Journal of Research
in Finance and Marketing(IJRFM),Vol.7Issue4,April– 2017,pp.66-76
 Saurabh Suman (2017). “Study on New GST Era and its Impact on

Small Business Entrepreneurs”, Journal of Accounting, Finance &

Marketing Technology, Vol.1, Issue, 02.24-36p.
 Chouhan.V & Shakdwipee pet.al (2017) Measuring Awareness about

implementation ofGST: A survey of Small Business owners of Rajasthan,

Pacific Business Review International, Volume 9 Issue 8, 116-125.
 Kumar P. and Sarkar S. (2016), Goods and services tax in India,

problems and prospects, Asian Journal of management research, Volume

6 Issue 3, 504-513
 Gurveen Kaur (2017),”GST in India- A significant tax amendment”,

International Journal of Management, Volume 8(3), pp.53- 62.

Websites
 https://cleartax

 WWW.wekipidia.com
 WWW.GST.com

Newspapers
 Economics Time
 Times OF India
 Indian Express
 The Hitwada
 Hindustan Time
 BOOKS REFERRED

 Research methodology by Dr. K. Venugopal

 Quantitative techniques by L.R. Potty

 Basic numerical skills by Dr. Santhosh Areekuzhi

 QUESTIONNAIRE

1. Name of the owner :

2. Name of business. :
3. Age
4. Gender. : Male. Female
5. Monthly sales
6. Educational status

A. Below SSC.
B. SSC.
C. Plus Two
D. Graduate.
E. Post Graduate.
F. Other

7. You are working under the area ?

A. FMCG
B. Textiles
C. Hotel
D. Medical Shop
E. Jewellery

8. Business Nature ?
A. Sole Trader
B. Partnership

9. Are you registered under the composition scheme ?

A. Yes
B. No
10.Below some terms related to GST, for understand your awareness level about GST:
kindly tick the relevant option:

Sr. Terms Highly Aware Natural Unaware Highly

No aware unaware
1 Tax rates
2 Payment mechanism
3 GST credit

4 Composition scheme
5 GST online procedure

11.How do you get knowledge about GST ?

SOURCES RANK
Through trade unions
Professionals
Friend & relatives
Mass media
Online sources
others

12.Below are some of the statement regarding effect of GST on some factor is given?
Kindly tick the relevant option:

Sr. Statement Strongly Agree Neutral Disagree Strongly

No agree disagree

1 GST has increase the cost of

production

2 GST has increase the price of

goods

3 GST has increase the

turnover
4 GST is regulating the
unorganized sector
13.Below some statement associated with GST tax rates fixed by department, kindly tick
the relevant option:

Sr. Statement Highly Satisfied Neutral Dissatisfied Highly

satisfied dissatisfied
No
I. Are you satisfied with
various rates under GST
system

II. 0% tax (fish, chicken,

salt, bangles, handloom)

III. 5% tax (coffee, tea,

medicines, rusk)

IV. 12% tax (cell phones,

umbrella, fruit juices)

V. 18% tax (soups, camera,

steel products )

VI 28% tax (hair shampoo,

dish washer, dye)

VI. Are you satisfied with

goods covered under
different rate of tax
VIII. GST system remove the
cascading effect of tax

14.Who have been main benefited after implementation of GST ?

A. State Government
B. Centre Government
C. Consumers
D. Retailers
E. Not any
15.Do you face any problem related to GST like tax procedure, paper work, filing return
etc….....?
A. Yes
 B. No

16.What is your opinion about implementing GST ?

A. Excellent
B. Good
C. Moderate
D. Bad
E. Very bad

17.Opinion about impact of GST on economy ?

Sr. Statement Strongly Agree Neutral Disagree Strongly

agree disagree
No
1 GST is helpful for overall
development of nation

2 GST is essential to state

economy
3 GST is reduced the overall
tax burden

4 GST decreases the cost of

collection of tax revenues of
the government

18.Do you face any problem related to GST like tax procedure, paper work, filing return
etc….....?
A. Yes
B. No
19.Opinion about GST structure ?

Sr. Statement Strongly Agree Neutral Disagree Strongly

agree disagree
No
1 GST is easy to understand
2 GST is simple to calculate
3 GST is simple and
transparent system of
taxation
4 Removing the cascading
effect of tax with
introduction of GST

20.Is the GST in favour retailers ?

A. Yes
B. No
21.Have you got any increment in your profit level after implementation of GST ?
A. Yes
B. No
22. If any suggestions:
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