Current Volume 8
Abstract
This study examines the impact of Goods and Services Tax (GST) on Godrej and Boyce Co. Ltd., a diversified conglomerate operating in various sectors such as appliances, furniture, locks, and security solutions. GST, implemented in July 2017, aimed to streamline the indirect tax system in India, promote a unified market, and drive economic growth. Assessing the effects of GST on specific industries is crucial for understanding its overall implications and identifying potential opportunities and challenges. The study utilizes a mixed-methods approach, combining qualitative and quantitative analyses. Qualitative data is gathered through primary data in questionnaire. The quantitative analysis is gathered through primary data and operational data of Godrej and Boyce Co. Ltd. before and after the introduction of GST. Key financial indicators such as revenue, profitability, and tax liabilities are analysed to evaluate the direct impact of GST on the company's financial performance. Preliminary findings suggest that the implementation of GST has had both positive and negative effects on Godrej and Boyce Co. Ltd. On the positive side, GST has simplified the tax compliance process, reduced the burden of multiple taxes, and eliminated cascading effects, leading to improved cash flows and cost savings. However, challenges such as initial implementation costs, changes in pricing strategies, and adjustment to new compliance procedures have been observed.
Keywords
GST, Godrej and Boyce Co. Ltd., Impact, Implementation.
Citations
IRE Journals:
Soumya Kesharwani , Dr. Suresh Kumar Pattanayak
"To Study the Impact of GST on Godrej and Boyce Co. Ltd." Iconic Research And Engineering Journals Volume 6 Issue 12 2023 Page 1002-1007
IEEE:
Soumya Kesharwani , Dr. Suresh Kumar Pattanayak
"To Study the Impact of GST on Godrej and Boyce Co. Ltd." Iconic Research And Engineering Journals, 6(12)
About IRE Journals
IRE Journals is an open access online journals established with an aim to publish high quality of research work in various diciplines. We have more than 6 years in publications. Over 2500+ papers already published.
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