Impact of Implementation of GST Among Retailers with Special Reference to Valanchery Municipality, Kerala

Abstract

This research paper explores the impact of the Goods and Services Tax (GST) on retailers in Valanchery Municipality, focusing on their awareness, perception, and the practical challenges encountered since its implementation on July 1, 2017. GST represents a significant shift in India's indirect tax regime, aimed at unifying the tax system and simplifying compliance. The study uses a quantitative approach, collecting data from 100 retailers through a structured questionnaire and analyzing it with statistical methods. Findings reveal that while GST has led to increased compliance and some positive economic outcomes, retailers face ongoing challenges related to tax procedures and documentation. The study offers insights for policymakers and recommendations for improving GST compliance among retailers.