Published Paper Details:

The study investigates the impact of Goods and Services Taxes on small businesses. Tax policies have such a big impact on the economy in terms of both efficiencies and equity. As many author said GST is the only indirect tax which has been affecting our sections of our country. BUT GST is the only tax which replaced the VAT, state tax, central based tax. Many developed countries where using GST like Canada, U.K, Australia where implemented the GST in successful manner. In future we will have different kind of tax. Even that time also the situation the small trader even an educated people will not understand unless we will get to have knowledge and understanding amount of the tax. For Indian government small traders and medium traders are one of the pillars. Here small traders can fill the registration through online itself. In VAT the tax payment where differed from state to state in some states we have earn 10 lakhs we should pay VAT but for some states if its 5 lakhs itself we need to pay VAT. So it leads to confusion and its not much effective. So compare to that in GST we have one nation one tax. Even in central based tax during sales the small and medium scale business affect due to there purchase cost of product to customers has disappoint many small traders but GST stopped all these. So that small and medium traders can go anywhere and can expand there revenue and business any where in India