Socio-economic transformation and regulatory challenges: a multi-dimensional analysis of the goods and small, and medium enterprises
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2026
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| _version_ | 1866901920697810944 |
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| author | Dr Vivek Gupta Sayyam Jain Jatin I Jain Piyush Anil Kumar Jain Darshan M Jain |
| author_facet | Dr Vivek Gupta Sayyam Jain Jatin I Jain Piyush Anil Kumar Jain Darshan M Jain |
| contents | <p>The most notable fiscal change of the history of independent India was the introduction of the Goods and Services Tax (GST) on July 1, 2017, that would see the end of a multi-layered indirect tax system and the introduction of a single, destination-based consumption tax. The current research paper examines the complex effect of the GST regime on Small and Medium Enterprises (SMEs), which form the main part of the Indian economy with the contribution of around 30 on the national Gross Domestic Product (GDP), 45 on the manufacturing output, and 48 on the total exports. The study analyses the transition in financial, operational, and technological aspects using a mixed-methods approach that combines primary survey data on more than 200 respondents with a comprehensive systematic review of published literature on the topic in the period between 2017 and 2025. The results present a two-polar situation: as GST has effectively facilitated the process of economic formalization, minimized the tax cascading effect, and simplified the logistics between states with the help of the e-way bill system, it has introduced micro-enterprises to unequal levies, liquidity constraints, and challenges related to technology. Statistical analysis using SPSS shows compliance costs to be very regressive whereby the smallest firms spend up to 1.45 percent of turnover as opposed to the small corporations, which spend a negligible 0.02 percent. Also, the discussion of the GST 2.0 reforms presented in 2024-2025 points to the trend of rate rationalization and AI-based compliance, which opens the prospects of long-term modernization despite the ongoing digital illiteracy in rural clusters. The paper ends with some policy recommendations that are strategic such as the introduction of the fasttrack mechanism of refunding and the simplification of quarterly filing of micro-units to make sure that the GST structure remains accommodative and supportive of the development of the MSME sector in India.</p> |
| format | Recurso digital |
| id | zenodo_https___doi_org_10_5281_zenodo_19107452 |
| institution | Zenodo |
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| publishDate | 2026 |
| publisher | Zenodo |
| record_format | zenodo |
| spellingShingle | Socio-economic transformation and regulatory challenges: a multi-dimensional analysis of the goods and small, and medium enterprises Dr Vivek Gupta Sayyam Jain Jatin I Jain Piyush Anil Kumar Jain Darshan M Jain (4-(m-Chlorophenylcarbamoyloxy)-2-butynyl)trimethylammonium Chloride Goods and Services Tax (GST) Micro Small and Medium Enterprises (MSMEs) Tax Compliance Burden Input Tax Credit (ITC) Digitalization of Tax Systems Economic Formalization <p>The most notable fiscal change of the history of independent India was the introduction of the Goods and Services Tax (GST) on July 1, 2017, that would see the end of a multi-layered indirect tax system and the introduction of a single, destination-based consumption tax. The current research paper examines the complex effect of the GST regime on Small and Medium Enterprises (SMEs), which form the main part of the Indian economy with the contribution of around 30 on the national Gross Domestic Product (GDP), 45 on the manufacturing output, and 48 on the total exports. The study analyses the transition in financial, operational, and technological aspects using a mixed-methods approach that combines primary survey data on more than 200 respondents with a comprehensive systematic review of published literature on the topic in the period between 2017 and 2025. The results present a two-polar situation: as GST has effectively facilitated the process of economic formalization, minimized the tax cascading effect, and simplified the logistics between states with the help of the e-way bill system, it has introduced micro-enterprises to unequal levies, liquidity constraints, and challenges related to technology. Statistical analysis using SPSS shows compliance costs to be very regressive whereby the smallest firms spend up to 1.45 percent of turnover as opposed to the small corporations, which spend a negligible 0.02 percent. Also, the discussion of the GST 2.0 reforms presented in 2024-2025 points to the trend of rate rationalization and AI-based compliance, which opens the prospects of long-term modernization despite the ongoing digital illiteracy in rural clusters. The paper ends with some policy recommendations that are strategic such as the introduction of the fasttrack mechanism of refunding and the simplification of quarterly filing of micro-units to make sure that the GST structure remains accommodative and supportive of the development of the MSME sector in India.</p> |
| title | Socio-economic transformation and regulatory challenges: a multi-dimensional analysis of the goods and small, and medium enterprises |
| topic | (4-(m-Chlorophenylcarbamoyloxy)-2-butynyl)trimethylammonium Chloride Goods and Services Tax (GST) Micro Small and Medium Enterprises (MSMEs) Tax Compliance Burden Input Tax Credit (ITC) Digitalization of Tax Systems Economic Formalization |
| url | https://doi.org/10.5281/zenodo.19107452 |