Impact of GST on Textile Industries: A Case Study of Raymond’s Ltd. with Special Reference to Pre and Post GST Implementation

Priyanka Yadav; Ravi Ranjan; Kamakshi Mehta

doi:10.48001/jbmis.2022.0902002

Priyanka Yadav Amity College of Commerce, Amity University Haryana https://orcid.org/0000-0001-6422-5573
Ravi Ranjan Amity College of Commerce, Amity University Haryana https://orcid.org/0000-0001-6344-1936
Kamakshi Mehta Amity College of Commerce, Amity University Haryana https://orcid.org/0000-0002-3709-2338

DOI: https://doi.org/10.48001/jbmis.2022.0902002

Keywords: GST, Indirect tax, Economy, Textile industry, Financial performance

Abstract

In India, sales of goods and services are subject to an indirect tax known as Goods and Service Tax. On July 1, 2017, India implemented a new tax known as the Goods and Services Tax (GST), which affected all sectors of the economy, including the textiles sector, which is crucial to the development of both the Indian and global economies. The study is about the “Impact of GST on Textile Industries: A case study of Raymond’s Ltd”. The objective of this study is to evaluate the overall financial performance and also to compare Pre and Post GST effect on financial performance of Raymond Ltd. Secondary data has been taken in this study. Different ratios, T Test and Bar diagram has been used to analyse the data. This study found out that there is no significant difference in financial performance of Raymond’s Ltd and also there is no significant impact of pre and post GST effect on financial performance of Raymond’s Ltd.

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