A study on problems of jeans manufacturing units post GST

GST all over the world has got mixed review. This term was coined in India long back and government recently has introduced ‘one nation-one tax’ system. Single levy tax at different tax slabs for services and goods was introduced. At the initial stage of GST launch there is a problem in business circle and also between the state and central government. GST collection and its disbursal was also an issue. It was easier for formal sector to accept this change due to its size, manpower and financial position. On the other side, impact of GST launch is more on informal sector due to its nature. Informal jeans manufacturing sector was trying to recover from demonetization (primarily cash operated industry), GST has further take them back due to lack of clarity, knowledge and its advantage. It is important to sensitize stakeholder in less complicated way about the system being launched.