Current Volume 8
Abstract
This study examines the impact of Goods and Services Tax (GST) on Bajaj Electricals Ltd., a diversified conglomerate operating in various sectors such as appliances, fans, iron, etc. 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 Bajaj Electricals 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 Bajaj Electricals 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, Bajaj Electricals Ltd., Implementation
Citations
IRE Journals:
Nikita Sonkar , Shilpi Gupta
"To Study the Impact of Goods and Services Tax (GST) on Bajaj Electricals Ltd." Iconic Research And Engineering Journals Volume 6 Issue 12 2023 Page 996-1001
IEEE:
Nikita Sonkar , Shilpi Gupta
"To Study the Impact of Goods and Services Tax (GST) on Bajaj Electricals Ltd." Iconic Research And Engineering Journals, 6(12)
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