IMPACT OF GST ON WHOLESALE MARKET: A STUDY ON SELECTED WHOLESALERS AT BENGALURU

Abstract

Taxis a right of any Government to levy on thecitizens of its nation. Every citizenhas a responsibility to pay tax mandatory without expecting return. Tax is the primary SourceofRevenuethatiscapitalizedinDevelopmentofeconomy.TheTaxisleviedonanyindividuals, capital gain,properties oranyincomeearned bytheCitizen. The taxes are levied for various Purposes. The one main Purpose is that very primesourceofrevenuetothegovernmentthatisusedforthePurposetomeetalltheexpenditureof the government which is used mainly for rendering the basic facilities to the citizens of thenation, to providing fund for various projects and schemes such as Education Benefit project,HealthBenefit projects,InfrastructureDevelopment projects inthe Country. This study is mainly focused on Wholesale market; selected 100 wholesalers are selected for the study based on StratifiedRandomand Convenient Sampling, Wholesale business respondents like Fast Moving Consumer Goods Outlet, Agro-chemical Product outlet, Electrical Appliances Outlet and Construction Related Outlet are considered for the study. It is found that impactofGST system hasa positive impact on the wholesale marketas itreduced double taxation, cascading effect, litigation activity has reduced.