Changing Scenario of Gst Definition and Implementation in Msmes in India During The Pandemic Situation of Covid-19: An Evidence-Based Research

  • Arundhati Roy , Dr. B.C.M. Patnaik , Dr. Ipseeta Satpathy


The introduction chapter sheds light on aim and key objectives that were addressed in the
research journal. It highlighted the fact that a GST Disposal Drive was implemented in India for the
promotion of economic welfare of business entrepreneurs in MSMEs. The second chapter on review of
literature analyses the research topic on the basis of research that was conducted by other research scholars.
It was highlighted that an extension of time period for filing returns for quarterly payment of GST was
sanctioned by the Finance Minister of India. Other relief measures were also undertaken in the form of
reduction of interest rate charged to MSMEs to 9% per annum. Furthermore, there was a scope for filing
application for revocation of registration cancellation. The section on methodology highlighted a Boolean
table and a PRISMA framework was used as methods of data collection. The chapter on findings and
discussion stated that changes in the GST regime were undertaken so as to ease the burden of tax
compliance of small taxpayers who run MSMEs with an annual turnover less than Rs. 5 crore. Moreover, the
new GST regime helped them in the form of ease of cash flow during the pandemic. Recommendations are
also provided so that amended GST norms could be implemented for economic welfare of business
entrepreneurs in an efficient manner.