Vol. 7 No. 2 (2017): Vol 7, Iss 2, Year 2017

Pros and cons of gst on small scale industries

Lakshmi S
Assistant Professor, Department of Commerce Madurai SivakasiNadars Pioneer Meenakshi Women’s College-Poovanthi
Published June 30, 2017
  • GST, VAT, Service Sector
How to Cite
S, L. (2017). Pros and cons of gst on small scale industries. Journal of Management and Science, 7(2), 350-355. https://doi.org/10.26524/jms.2017.53


Small scale industries play a significant role in the overall growth of an economy.
This industry is mainly specialized in the production of consumer commodities. SSIs
generate huge employment due to the utilization of labor power for the production of goods.
In a developing country like India where unemployment is a major problem; these industries
pave the way for employment of skilled and non-skilled persons. The implementation of GST
is certainly going to affect this sector and the employees associated with it. Any tax-regime
should ensure such an environment in which the proper growth of small scale industries may
be assured. The First Discussion Paper (FDP) produced by the Empowered committee of
state finance ministers and report of the thirteenth finance commission‘s Task Force have
provided some important suggestions with respect to this sector.


Download data is not yet available.