This paper is published in Volume-6, Issue-4, 2020
Area
Economics
Author
Aalya Jhelumi
Org/Univ
The Shri Ram School Moulsari, Gurugram, Haryana, India
Keywords
GST, Indian Economy, Positive Impact, Long-Term Effects, Central Government, State Government, Need for GST, FMCG Sector,
Citations
IEEE
Aalya Jhelumi. Impact of GST on FMCG companies in India, International Journal of Advance Research, Ideas and Innovations in Technology, www.IJARIIT.com.
APA
Aalya Jhelumi (2020). Impact of GST on FMCG companies in India. International Journal of Advance Research, Ideas and Innovations in Technology, 6(4) www.IJARIIT.com.
MLA
Aalya Jhelumi. "Impact of GST on FMCG companies in India." International Journal of Advance Research, Ideas and Innovations in Technology 6.4 (2020). www.IJARIIT.com.
Aalya Jhelumi. Impact of GST on FMCG companies in India, International Journal of Advance Research, Ideas and Innovations in Technology, www.IJARIIT.com.
APA
Aalya Jhelumi (2020). Impact of GST on FMCG companies in India. International Journal of Advance Research, Ideas and Innovations in Technology, 6(4) www.IJARIIT.com.
MLA
Aalya Jhelumi. "Impact of GST on FMCG companies in India." International Journal of Advance Research, Ideas and Innovations in Technology 6.4 (2020). www.IJARIIT.com.
Abstract
GST (Goods and Services Tax) is a recent taxation policy introduced in India in 2017. This “one nation, one tax” aims at a simpler tax regime and transparency in all transactions. The Fast-Moving Consumer Goods (FMCG) sector is an important player in the market when it comes to GDP contribution and is the 4th largest sector in the Indian economy. GST has had a significant impact on the FMCG sector. This paper aims to understand the impact of the implementation of an Indirect Tax on the companies which contribute to the FMCG sector. The research of this paper is based on both primary and secondary sources. The outcomes aim to understand the overall effect of a major change on many small and medium sized enterprises.
