Publication Details
Abstract
India’s economic reform arrow is now taking the shape of the Goods and services Tax (GST). The introduction of GST on July 1, 2017 unleashed a new wave of economic reforms that would create a more unified and simplified tax structure in the country. The emergence of GST as the new taxation system creates challenges, particularly on the unorganised sector, and will force them to create more efficient businesses to blend into the mainstream of the economy. In this research paper, we will discuss the challenges that the unorganised sector faces due to GST, the opportunities it created, and how it impacted the business in the unorganised sector through an in-depth look at the compliance burden, changes made in business processes, the role of technology, etc.