


Volume 20 No 22 (2022)
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PROBLEMS AND PROSPECTS ON GOODS AND SERVICES TAX AMONG RETAILERS IN KOLLAM DISTRICT
Varna Sabu.V. Dr.R.Rathiha
Abstract
The retail industry is rapidly expanding and has grown to become one of the worlds’ largest. The
expansion of India's retail industry set the stage for the GST era. GST went into force on July 1, 2017 to
eliminate the cascading effect of taxes on goods and services. GST had an impact on the retail industry,
both positively and negatively. GST alters the dynamics of India's retail industry in a variety of ways,
including lower taxes, increased supply chain efficiency, the inevitable increase in the cost of some
goods and services, and the usage of the IT ecosystem. The GDP rate in India increased from 0.9% to
1.7% following the implementation of GST. GST not only brings indirect tax reform, but it also plays an
important role in trade growth. This study covers problems and prospects on GST mechanism among the
retailers in Kollam district.
Keywords
Retail Sector, Goods and Service Tax, Problems.
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