Impact of GST on motor and pump exports in India
Purpose – The impact of Goods and Service Tax (GST) on the motor and pump exports in the Coimbatore region is measured in this study using various parameters and scales. The data collected from exporters were used to identify the pros and cons of GST, stating their opinions on variables considered b...
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| Format: | Article |
| Language: | English |
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Emerald Publishing
2022-12-01
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| Series: | Business Analyst |
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| Online Access: | https://www.emerald.com/insight/content/doi/10.1108/BAJ-08-2022-0020/full/pdf |
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| author | Raghuveer Negi Muthusamy Arumugam Abuzar Nomani Shetty Deepa Thangam Geeta |
| author_facet | Raghuveer Negi Muthusamy Arumugam Abuzar Nomani Shetty Deepa Thangam Geeta |
| author_sort | Raghuveer Negi |
| collection | DOAJ |
| description | Purpose – The impact of Goods and Service Tax (GST) on the motor and pump exports in the Coimbatore region is measured in this study using various parameters and scales. The data collected from exporters were used to identify the pros and cons of GST, stating their opinions on variables considered by the researchers through extensive literature on GST and exports. Design/methodology/approach – The data were collected from 220 motors and pump exporters through a field survey from the month of January to September 2021. The impacts have been measured using principal component analysis (PCA) and confirmatory factor analysis (CFA). The factor analyses and CFA will derive the positive and negative impact of GST determined through critical empirical evidence in this study. Also, the problems faced by the exporters allied to GST, which the authors could not include in the questionnaire due to certain reasons, are concisely apportioned and discussed. Findings – The study depicts the major advantages of GST, such as harmonized system, long-run performance, reduction in logistics cost, check-post operation, bonds and ease of doing business. Also, it highlights the disadvantages of GST, such as biases in the indirect tax system, the reimbursement of duty drawback being late or pending and document filing was still a tedious job under the GST regime. Originality/value – The unavailability of considerable literature on the impact of GST on Indian exports signifies the novelty of this research. So far, this is the first empirical attempt to measure the impact of GST on exports which is a unique and original attempt to highlight the problem that lies under the GST regime and the necessary reforms the tax structure needs in the context of Indian exports. |
| format | Article |
| id | doaj-art-a9769ec93df244ec975e23641fd52946 |
| institution | Kabale University |
| issn | 0973-211X 2754-6721 |
| language | English |
| publishDate | 2022-12-01 |
| publisher | Emerald Publishing |
| record_format | Article |
| series | Business Analyst |
| spelling | doaj-art-a9769ec93df244ec975e23641fd529462025-02-03T14:29:22ZengEmerald PublishingBusiness Analyst0973-211X2754-67212022-12-01432132510.1108/BAJ-08-2022-0020Impact of GST on motor and pump exports in IndiaRaghuveer Negi0Muthusamy Arumugam1Abuzar Nomani2Shetty Deepa Thangam Geeta3Department of International Business, Alagappa University, Karaikudi, IndiaDepartment of International Business, Alagappa University, Karaikudi, IndiaDepartment of Business Administration, C. V. Raman Global University, Bhubaneswar, IndiaSchool of Management Studies, Sathyabama Institute of Science and Technology, Chennai, IndiaPurpose – The impact of Goods and Service Tax (GST) on the motor and pump exports in the Coimbatore region is measured in this study using various parameters and scales. The data collected from exporters were used to identify the pros and cons of GST, stating their opinions on variables considered by the researchers through extensive literature on GST and exports. Design/methodology/approach – The data were collected from 220 motors and pump exporters through a field survey from the month of January to September 2021. The impacts have been measured using principal component analysis (PCA) and confirmatory factor analysis (CFA). The factor analyses and CFA will derive the positive and negative impact of GST determined through critical empirical evidence in this study. Also, the problems faced by the exporters allied to GST, which the authors could not include in the questionnaire due to certain reasons, are concisely apportioned and discussed. Findings – The study depicts the major advantages of GST, such as harmonized system, long-run performance, reduction in logistics cost, check-post operation, bonds and ease of doing business. Also, it highlights the disadvantages of GST, such as biases in the indirect tax system, the reimbursement of duty drawback being late or pending and document filing was still a tedious job under the GST regime. Originality/value – The unavailability of considerable literature on the impact of GST on Indian exports signifies the novelty of this research. So far, this is the first empirical attempt to measure the impact of GST on exports which is a unique and original attempt to highlight the problem that lies under the GST regime and the necessary reforms the tax structure needs in the context of Indian exports.https://www.emerald.com/insight/content/doi/10.1108/BAJ-08-2022-0020/full/pdfGSTExportsMotorPumpsTaxGoods and service tax |
| spellingShingle | Raghuveer Negi Muthusamy Arumugam Abuzar Nomani Shetty Deepa Thangam Geeta Impact of GST on motor and pump exports in India Business Analyst GST Exports Motor Pumps Tax Goods and service tax |
| title | Impact of GST on motor and pump exports in India |
| title_full | Impact of GST on motor and pump exports in India |
| title_fullStr | Impact of GST on motor and pump exports in India |
| title_full_unstemmed | Impact of GST on motor and pump exports in India |
| title_short | Impact of GST on motor and pump exports in India |
| title_sort | impact of gst on motor and pump exports in india |
| topic | GST Exports Motor Pumps Tax Goods and service tax |
| url | https://www.emerald.com/insight/content/doi/10.1108/BAJ-08-2022-0020/full/pdf |
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