Post-GST Effect on Compliance Costs for Gold and Silver Merchants in Junagadh: A Case Study
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The Goods and Services Tax (GST) implemented in India on July 1, 2017, was outlined to streamline the tax structure, but its impact on small businesses has raised noteworthy concerns. This research paper analyses the post-GST effect on the compliance costs of gold and silver merchants in Junagadh, a city known for its gold and silver trade. By conducting a survey of 50 merchants, this study investigates changes in operational costs and compliance burdens pre- and post-GST. The measurable investigation of these changes through hypothesis testing and descriptive statistics highlights the increased financial burden on smaller traders, despite the potential for long-term benefits.
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