AN ANALYSIS OF GST'S EFFECT ON THE FINANCIAL PERFORMANCE OF SELECTED INDIAN COMPANIES

Abstract

There is a wide range of opinions and responses to GST between producers, service providers, and market intermediaries. Especially in India, there is a dearth of research providing empirical support for the positive or bad consequences of GST. So, we set out to see how businesses fared a full year after implementing GST by conducting an experiment. Companies listed on the BSE were selected at random, and three were picked for further scrutiny. The financial impact of the GST was measured. The results and methodology were discussed in this study. In order to fill a void in the literature, our study shed light on how the new indirect tax regime affects the bottom lines of businesses. Findings from this research will help policymakers, strategists, and managers address the challenges posed by GST. Research shows that businesses' financial performance is not noticeably different before and after GST.