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VOL. 5, ISSUE 1 (2023)
Impact of GST on wholesale market: A study on selected wholesalers at Bengaluru
Authors
Dr. Dinesh Kumar C
Abstract
Tax is a right of any Government to levy on
the citizens of its nation. Every citizen has a responsibility to pay tax
mandatory without expecting return. Tax is the primary Source of Revenue that
is capitalized in Development of economy. The Tax is levied on any individuals,
capital gain, properties or any income earned by the Citizen. The taxes are
levied for various Purposes. The one main Purpose is that very prime source of
revenue to the government that is used for the Purpose to meet all the
expenditure of the government which is used mainly for rendering the basic
facilities to the citizens of the nation, to providing fund for various
projects and schemes such as Education Benefit project, Health Benefit
projects, Infrastructure Development projects in the Country. This study is
mainly focused on Wholesale market; selected 100 wholesalers are selected for
the study based on Stratified Random and Convenient Sampling, Wholesale
business respondents like Fast Moving Consumer Goods Outlet, Agro-chemical
Product outlet, Electrical Appliances Outlet and Construction Related Outlet
are considered for the study. It is found that impact of GST system has a
positive impact on the wholesale market as it reduced double taxation,
cascading effect, litigation activity has reduced.
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Pages:53-58
How to cite this article:
Dr. Dinesh Kumar C "Impact of GST on wholesale market: A study on selected wholesalers at Bengaluru". International Journal of Commerce and Economics, Vol 5, Issue 1, 2023, Pages 53-58
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