A

PROJECT REPORT ON

" A STUDY OF GOODS AND SERVICES TAX "

Submitted To

D.Y.Patil Agriculture & Technical University,

Talsande

In Partial Fulfillment Of

Master of Business Administration (MBA) Submitted By

YASHHPAL SIDRAM PATIL (Finance)

Under the guidance of

Prof. Santosh Kulkarni

Academic Year (2022 - 2024)

 DECLARATION

I, Mr .Yashpal Sidram Patil, a student of MBA, hereby declare that the

project work presented in this project is my own work and has been carried out
under the supervision of Prof Santosh Kulkarni Sir, D.Y.Patil Agriculture &
Technical University, Talsande, Kolhapur..
This project report is entirely an outcome of my own efforts and is not
submitted, either in part or in whole, to any other University or Institute for
Examination.

Place :

Date :
Signature Of Student

Yashpal Sidram Patil

 Content

Chapter Particular Page

No.
Executive Summary

Chapter:1 Introduction

Chapter 2 Profile of the Company

Chapter 3 Research Methodology

Chapter 4 Data Interpretation

Chapter 5 Findings

Chapter 6 Conclusion

Bibliography

Annexure
 ACKNOWLEDGEMENT

I would like to express my sincere gratitude Honorable President Dr. Sanjay Patil,
The D.Y.Patil Educational Society, Kolhapur and Prof.(Dr.) K. Prathapan, Vice
Chancellor DYP-ATU
They have been a source of inspiration to me and I am grateful to them for
initiating me in the field of research.

I wish to extend my gratitude to Prof. Santosh Kulkarni, for guiding me with all
the facilities to carry on this research work efficiently.

I am thankful to them for giving their suggestions and encouragement throughout

the entire project work and helping me.

I wish to express a special thanks to all teaching and non-teaching staff members
of DYP-ATU, Talsande for their continuous support. Lastly, I would like to
acknowledge all my family members, relatives and friends for their unconditional
support and encouragement.
 EXECUTIVE SUMMARY

With the advent of Goods and Service tax (GST) in India proposed from July 1st 2017, the biggest and
most impactful change in Indian indirect taxation happened. The GST will replace the existing indirect taxes
on consumption and will be applied on both goods and services. For goods, it will be levied destination based,
whereas for services, it will be levied consumption based.

Although it, may prove to be advantageous in the long run, it is possible that it may affect the business
and stability. The aim of the project is to understand what Fast moving consumer goods (FMCG) Retailers
and Wholesalers think about GST and its effect on the business. Secondary as well as primary research was
conducted to find out what retailers think about GST and aspects related to that. Growing awareness, easier
access, and changing lifestyles have been the key growth drivers for the sector.

56 Retailers and Wholesalers were selected at random from across Delhi and were interviewed using a
questionnaire having different type of multiple-choice questions. All responses were collected and analyzed.
A study on the hypothesis was conducted so that a clearer picture could be obtained.
Chapter 1 :
Introduction
 The Goods and Service Tax (GST) is considered to be one of the great reformations implemented in
India. It is a comprehensive, multi-stage, destination-based tax that will be levied on every value addition.
Introduction of GST is an important restructuring in indirect taxation in India. It is an indirect tax, throughout
India, to replace several other taxes levied by the central and state Governments. It will consolidate all state
economies under one roof. The basic idea is to create a single, cooperative and undivided Indian market to
make the country stronger and powerful. In the light of above development, it is very important to analyze the
provisions of the draft law in detail and assess its impact on various sectors. GST will have a far – reaching
impact on business avenues and compelling organizations to realign their bottlenecks. India is one of the
largest producers for a number Fast Moving Consumer Goods which offers a large and growing market. The
impact of GST on the Indian fast-moving consumer goods is going to be manifold. Due to the implementation
of GST there is a transparency and the tax liability will be moving to the consumers only for the quantity that
they had consumed for.
Under GST various indirect taxes would be subsumed and hence it is going to result in a simpler tax
regime especially for Industries like FMCG.

1.1Benefits of GST on the Indian economy

 Removal of bundled indirect taxes such as VAT, CST, Service tax, CAD, SAD, and Excise.
 Less tax compliance and a simplified tax policy compared to current tax structure.
 Removal of cascading effect of taxes i.e., removes tax on tax.
 Reduction of manufacturing costs due to lower burden of taxes on the manufacturing sector. Hence prices
of consumer goods will be likely to come down.
 Lower the burden on the common man i.e., public will have to shed less money to buy the same products
that were costly earlier.
 Increased demand and consumption of goods.
 Increased demand will lead to increase supply. Hence, this will ultimately lead to rise in the production of
goods.
 Control of black money circulation as the system normally followed by traders and shopkeepers
will be put to a mandatory check.
 Boost to the Indian economy in the long run.

1.2Effects of GST on Indian economy

 Reduces tax burden on producers and fosters growth through more production. The earlier tax structure
pumped with myriad tax clauses, prevented manufacturers from producing to them
 optimum capacity and retards growth. GST took care of this problem by providing tax credit to the
manufacturers.
 Different tax barriers, such as check posts and toll plazas, lead to wastage of unpreserved items being
transported. This penalty transforms into major costs due to higher needs of buffer stock and warehousing
costs. A single taxation system will eliminate this roadblock.
 There is more transparency in the system as the customers will know exactly how much taxes they are
being charged and on what base.
 GST added to the government revenues by extending the tax base.
 GST provides credit for the taxes paid by producers in the goods or services chain. This is expected to
encourage producers to buy raw material from different registered dealers and is hoped to bring in more
vendors and suppliers under the purview of taxation.
 GST removes the custom duties applicable on exports. The nation’s competitiveness in foreign markets
increased on account of lower costs of transaction

Literature Review

Empowered committee of finance ministers (2009), introduced their first discussion paper on GST in India
which analyses the structure and loopholes if any in GST. Vasanta Gopal (2011) in the article GST in India, A
big leap in the indirect taxation system discussed the impact of GST on various sectors of the economy. The
article further stated that GST is a big leap and a new impetus to India's economic change. The constitution 115
amendment bill, 2011. Bird (2012) summarizes in the article the GST/HST- creating an integrated sales tax in a
federal country the impact of GST will be on Canada. Garg (2014) in the article named basic concepts and
features of goods and services tax in India analyses the impact and GST on Indian tax scenario and concluded
that it will strengthen out free market economy.

Under the study, Kaur. M, et.al (2016), mainly focuses on what are the impacts of GST after its
implementation, the difference between the present indirect taxes and GST and also benefits and challenges of
GST after its implementation. Research being a qualitative research analysis on how various goods and
services are being taxed under GST. Researches use the consumer price index which is a statistical estimate
constructed using the prices of items collected periodically. With the help of CPI researcher analysis, the
significant impact of GST on various items which comes unto 20-25%. Researchers conclude stating that GST
would reduce the tax burden and also play inactive role in the growth and development of our country.
Aurobindo Panda (KNT school of Law), Atul Patel (KIIT school of law), “THE IMPACT OF

GST (goods and service tax) ON THE INDIAN TAX SCENE (2010) AT SSRN” The research paper analyses
how GST would impact on Indian tax scenario. The authors have
given a brief history of Indian taxation and its structure. Background of GST outside India as well as in India is
also discussed. Authors concluded that GST would be beneficial for the industry and the consumers. It would
lead to an increase in revenue for the government.

In the study Monika Sherawat, et.al (December 2015) focuses on GST IN INDIA, A KEY TAX REFORM for
international journal of research- This research presents an overview of GST concept. It explains the features
and its live line of implementation in India. The paper also highlights the advantages and disadvantages of GST
in India. The author concludes that GST fulfils the requirement of the simplified, user-friendly and transparent
tax system. The author also states that with the coming of GST, it will lead to higher more employment
opportunities and flourish GDP by 1-15 %.

Dr Mohan Kumar, et.al (December 2017) talks about GST AND ITS PROBABLE IMPACT ON THE FMCG
INDUSTRY IN INDIA, for the international journal of research in finance and marketing. This paper analyzes
the impact of the FMCG industry. The fast-moving consumer goods (FMCG) sector of India compromises
more than 50% of the food and beverage industry. And another 30% from personal and household care.
Presently the peak tax cost for industry players amount to approximately 27% i.e. (excise duty of 12.5% and
VAT ranging from 12-15%) under the GST regime, its proposed that the revenue neutral rate would be in the
range of 16-19%.

R Shireman Naik et.al (December 2017) discuss ON PERSPECTIVE IMPACT OF GST ON FMCG SECTOR
IN INDIA”, for international journal of research in Business studies.
The fast-moving consumer goods (FMCG) segments are the fourth largest sector in the Indian economy. The
sector is likely to see a significant impact once the goods and service tax (GST) bill is passed as the companies
set warehouses across the states in a bid to have a more tax

efficient system. FMCG is one such sector directly having its impact on the large public. It is very important to
study the possible positive and negative impact of GST implementation on the FMCG sector.
 Need for study

Fast Moving Consumer Goods (FMCG) goods are popularly named as consumer-packaged goods. Items in
this category include all consumables (other than groceries/pulses) people buy at regular intervals. FMCG is
also one of the fastest growing sectors among all the sectors in the Indian economy. FMCG segment is the
fourth largest in the Indian economy. For most segments within the FMCG spare, GST brings good tidings on
the back of lower tax incidence when compared to the total tax paid pre – GST.

In this sector GST would have an impact on the pricing, working capital, contracts with vendors and
customers etc. The sale of retailers, wholesalers and the monthly budget of common people regarding fast
moving consumer goods (FMCG) should have an impact of GST. Moreover, the concept of GST awareness
among common man is an important matter to be analyzed.

FMCG goods have faced an increased rate of tax after GST certain big players like Nestle
,HUL and P&G have been impacted by GST.
 Objectives of the study

1.To understand the concept of GST.

2.To obtain a comprehensive overview of consumer’s, wholesaler’s and retailer’s awareness and perceptions
of GST.

3.To study about FMCG

4.To find out the impact of GST on sales of retailers and wholesalers.

5.To analyze the impact of changes in the tax rates of fast-moving consumer goods on consumers. Is it
positive or negative.

6.To analyze the issues in filing GST

 CHAPTER 2 :
COMPANY PROFILE
 Company Name: CA SANDIP TAGARE & ASSOCIATES

Financial Consultancy Associates is a leading Chartered Accountancy firm dedicated to providing

comprehensive financial solutions and expert advice to businesses of all sizes. With a rich legacy spanning
over two decades, we have established ourselves as a trusted partner for companies seeking excellence in
financial management, audit, and regulatory compliance.

Mission:

Our mission is to empower businesses with sound financial practices, enabling them to thrive in a complex
and ever-changing economic landscape. We are committed to delivering accurate insights, fostering financial
transparency, and ensuring adherence to legal frameworks.

Services:

1.Audit and Assurance: Our team of experienced auditors conducts thorough and unbiased audits, ensuring
the accuracy and reliability of financial statements. We help clients identify areas for improvement in internal
controls and risk management.

2.Taxation: We offer comprehensive tax planning, compliance, and advisory services to help clients optimize
their tax liabilities while staying in line with applicable tax laws and regulations.

3.Financial Advisory: Our financial experts provide strategic insights to guide businesses in making informed
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4. Corporate Governance: We assist organizations in establishing robust corporate governance practices,

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Membership No. 130427
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- Email: Sandip.tagare@icai.org

CHAPTER 3 :
RESEARCH METHODOLOGY
Research is a logical and systematic search for new and useful information on a particular topic. Research
methodology is a systematic way to solve a problem. It is a science of studying how research is to be carried
out. Essentially, the procedures by which researchers go about their work of describing, explaining and
predicting phenomenon are called research methodology.

3.1 Process of research methodology -

Research design
Population
Instruments
Questionnaire design
Data collection
Data analysis

3.2 Research design

The design in this research is a descriptive design to examine the impact of GST on Indian economy as a whole
and specifically on FMCG sector. Descriptive research aims to accurately and systematically describe a
population, situation or phenomenon. A descriptive research design can be using a wide variety of quantitative
and qualitative methods to investigate one or more variables. The data was collected from various retailers and
wholesalers of different regions in Delhi by making a structured questionnaire. The data was filled by the
respondents through offline google form. The data also includes various tables s to aid the reader in
understanding the data distribution and hence provide a better and simplified extraction on impact of GST on
Indian economy and FMCG sector.

3.3 Scope of the project-

The project covers possible impact of GST on FMCG sector. It also explains the perspective positives and
negatives of GST implementation to FMCG sector. The project highlights various problems faced by retailers
and wholesalers while filing GST. They are also asked about the effect of GST on the prices of raw materials
and products. A questionnaire of 18 questions was used to gauge the awareness of GST amongst retailers and
wholesalers of FMCG. The interview was for 15-20 minutes. Conclusion has been drawn after analysis of
combines process.

3.4 Type of research-

The project is descriptive in nature as it describes the various attributes of GST and its impact on Indian
economy in general and on FMCG specifically.
3.5 Method of data collection-

Primary data collected through sample survey from retailers and wholesalers of FMCG shops. So, for this
purpose I have most popular tool of primary data collection through direct communication. The tool I have
used is a structured questionnaire.

3.6 Questionnaire design

In this research, the questionnaire was designed in closed- ended questions format. All the questions were
multiple choice questions. They are easy to understand and the respondents didn’t need much time on reading
the questions again and again. The questions were straight forward and quick to respond. Closed- ended
questions come in a variety of forms and they are usually categorized based on the need to have specific
options for the respondents, so that they can select them without any hesitation. When the data was obtained
and compared,

these closed ended questions provided better insight. Closed – ended questions collect data that can be used to
draw generalized conclusions based on statistical analysis.

3.7 Statistical tools-

MS Excel: pictorial and graphical representation of data

MS Word: preparation of project and other reports

3.8 Sample-

While deciding about the sample of research, it is required from the research's point to pay attention to these
under mentioned points
1.Sample units-a decision has to be taken concerning a sampling unit before selecting a sample, sampling unit
may be a geographical area, so in this research sampling unit is New Delhi
2.Source of data- data required for the study was collected through primary sources (market survey)
3.Sampling size- This refers to the number of items to be selected from the universe to constitute a sample.
This is a major problem for the researcher. The size of sample should neither be excessively large or small, it
should be optimum. This size of population must be kept in view for this also limits the sample size. Sample
size in this project. Sample size in this project is 56.

3.9Data Analysis Method

Method of data analysis are primarily determined by the hypothesis to be tested or research questions to be
answered. According to our project data is analyzed through hypothesis testing. We have used Chi-Square test
to determine whether there is a significant relationship between two categorical variables.
 CHAPTER 4:
DATA ANALYSIS
BRIEF OVER VIEW ON GST:

Overview on GST in India:

The Constitution (122nd Amendment) Bill, 2014, seeks to amend the Constitution of India to facilitate the
introduction of Goods and Service Act. It is the Indirect Tax charged on local consumption and is borne by end
consumers. It is collected at each stage of the production and distribution chain by registered vendors, who
have to account for the tax on the value that they have added to goods and services. France is the first country
to introduce GST.
Almost 160 countries have introduced GST in some form.

While countries such as Singapore and New Zealand tax virtually everything at a single rate, Indonesia has five
positive rates, a zero rate and over 30 categories of exemptions.
The authority to levy tax is derived from the

Constitution of India which allocates the power to levy various taxes between Centre and State.

Need for GST:

India ‘s recent progress towards economic growth stems from reforms undertaken after the 1991 fiscal crisis,
which lifted India from decades of slow growth under Socialist rule and offered an opportunity to improve
living conditions in the immense, poor country. At the same time, much had changed in India after the balance
of payments crisis of 1991.
Indian policies became more positive towards promoting export and allowing Foreign capital to participate in
the process of India ‘s growth. Globalization and liberalization have become the order of the day. The
interdependence of economies in their move for development compelled the Governments of all the countries
to follow the globalization policies adopted by the major economies of the world. To survive and grow in this
economic order, rational and competitive tax policies are being adopted by every country.
India has also fallen in line with the requirement and has been initiating modifications in indirect taxes.

The recent proposals of Goods and Services Tax (GST) are considered as path-breaking in the economic
restructuring in general and in the taxation area in particular.
As the revenue to the government is increasing its figures from indirect taxes year by year, this change will
further boost the economy in a positive way which is necessary for the international competence and
globalizing the market and economy.
Various Studies on GST:

Chief Economic Advisor Committee: -

In December, 2015, Chief Economic Advisor (CEA) Arvind Subramanian, released a comparative study of
GST implementations in the federal systems around the world. ‗Report on the Revenue Neutral Rate and
Structure of Rates for 12
the Goods and Services Tax (GST) ‘. His report focused on the experiences of European Union, Canada,
Brazil, Indonesia, China (a unitary Nation) and Australia. Subramanian found that most of these countries were
facing ‗serious challenges ‘in working with the GST.

Reserve Bank of India: -

The Reserve Bank of India too studied the GST implementations in various countries and incorporated its
findings in the report titled: ‗State Finances: A Study of Budgets of 2016-17‘and released in May 2017. The
RBI took notes from the GST experiences of Argentina, Australia, Brazil, Canada, Malaysia, New Zealand and
Russia. It found flaws in all the GST models. On the basis of the global experience, the RBI listed some of the
risks that GST may bring to India in the new taxation regime.

GST to be major test of Digital India success:

On July 1, 2015, the Prime Minister launched the Digital India programmed with the objective of creating a
participative, transparent and responsive government. And
on January 16, 2016, the much-talked-about Start-Up India, stand up India initiative, aimed at encouraging new
ventures and creating jobs, was kicked off amidst much fanfare.
Without doubt, these are some of the most-important initiatives of the government expected to transform the
corporate sector. Along with these initiatives, there is yet another game changer, the Goods and Services Tax
(GST). All three are linked.
While Digital India and Start-Up India complement each other, GST is crucial for the success of both these
initiatives.
 Analysis of the data

1.Your gender?
Gender Count
Male 11
Female 46

INTERPRETATION

For the above Pie- chart 46 people out of 74 (80% approx.) were males which means that most of the
wholesalers and retailers in the FMCG sector are Males whereas 46 are Females.

2.Are you a wholesaler or retailer of FMCG?

Particular Count
Retailer 47
Wholesaler 25
Social Service 1
Cafe 1

INTERPRETATION

For the number of wholesalers (30) and retailers (27) is almost equal.

3.Your age group?

Age Group Count
10 yrs-25 yrs. 28
26 yrs-50 yrs. 34
Above 50 yrs. 12

INTERPRETATION

In the age group of most retailers and wholesalers is between 26 years – 50 years where as 18 people above 50
years and 19 people between 10 years and 25 years.
4.How many employees do you have?
Particular Number Of Employee
Less than 5 employees 32
5-15 employees 28
More than 15 employees 14

INTERPRETATION
In the above pie-chart the greatest number of employees (33) that a wholesaler and retailer has is between 5
and 15 employees whereas least number of employees (11) are more than 15 employees and 13 have less than
5 employees

5.What percentage of your goods get expired?

Particular Number of Good Expire
0%-5% 56
6%-16% 18
More than 17% 0

INTERPRETATION
For 45 sellers 0%-5% of the goods get expired on the other hand for 8 sellers 6%-16% of the goods get expired
and the only 4 sellers the percentage of goods expired is more than 17%

6.Do you have a GST number?

Particular Count
Yes 63
No 5

INTERPRETATION
In the above pie-chart 54 people have a GST number whereas 3 people do not have a GST number this shows
the awareness of people.

7.Is GST a good step by the government?

Particular Count
No 14
Yes 60
INTERPRETAION
Most of the people believe that GST is a good step by the government (40). Whereas 14 people believe that it
is not a good step that the government took.

8.Has GST affected your business?

Particular Count
Yes 32
No 42

INTERPRETATION
According to the above pie-chart 32 people believe that their business has been affected due to GST and 42
believe that it hasn’t.

9.Have you received GST refund?

Particular Count
Yes 28
No 45

INTERPRETATION
As in the above Coolum 74 people have never received a GST refund and 28 people have received a GST
refund.

10.Do you think that GST has made FMCG expensive?

Particular Count
Strongly agree 5
Agree 24
Neutral 33
Disagree 12
Strongly Disagree 0

INTERPRETATION
Out of 74 respondents 33 i.e. 45% are neither agree or disagree that GST has made FMCG expensive. Only 5
respondents are strongly agree that GST has made FMCG expensive.

11.Should FMCG be given relief under GST as they are daily use?
Particular Count
Strongly Agree 37
Agree 17
Neutral 37
Disagree 13
Strongly Disagree 4

INTERPRETATION
Out of 74 respondents, a majority of 37 respondent thinks that FMCG should be given relief under GST as they
are daily use.

12.Has the purchasing power of consumer reduced?

Particular Count
Strongly Agree 3
Agree 18
Neutral 7
Disagree 20
Strongly Disagree 26

INTERPRETATION
According to these graphs out of 74 respondents, 26 respondents are strongly disagreeing with the purchasing
power of consumer reduced.

13.Have the prices of raw materials increased?

Particular Count
Yes 34
No 40

INTERPRETATION
Out of the 74 respondents’, are not agree with the statement of the price of raw materials increased.

14.After GST has the Credit period increased for FMCG?

Particular Count
Yes 36
No 38

INTERPRETATION
Most of the people believe that GST has the credit period increased for FMCG (36). Whereas 38 people believe
that it is not a good step that the government took.

15.How has your exempt been with GST?

Particular Count
Good 20
Fair 34
Poor 20

INTERPRETATION
Out of 74 respondents, 34 responses are fair for has the exempt been with GST.
16.Is GST a way for the government to earn more taxes?
Particular Count
Strongly Agree 5
Agree 14
Neutral 40
Disagree 14
Strongly Disagree 1

INTERPRETATION
According to the above pie-chart most of the people (30) are neutral and don’t have an opinion on it whereas
12 people agree that it is a way to make more taxes 10 people strongly agree 2 people disagree and 3 people
strongly disagree
CHAPTER 5 :
FINDINGS
FINDINGS

It can be found from the above discussion that GST will provide relief to wholesaler and retail by providing
wide and comprehensive coverage of input tax credit set- off service tax set off and subsuming the several
taxes.

Efficient formulation of GST will lead to resource and revenue gain for both center and sates majorly through
widening of tax base and improvement in tax compliance.

It can be further finding that GST have a positive impact on various sector and

Industry Centre has decided to review the existing exemption from central excuse duty so that list of goods
exempts from CGST and SGST list and 99 items exempted from VAT are taken off from both the components
of GST VAT has to some extent reduced tax evasion and frauds
CHAPTER 6 :
CONCLUSION
Conclusion

GST will bring in transparent and corruption-free tax administration, removing the current shortcomings in
indirect tax structure. GST is business-friendly as well as consumer-friendly. GST in India is poised to
drastically improve the positions of each of these stakeholders. We need a change in the taxation system which
is better than earlier taxation. This need for change leads us to ‘need for GST’.
GST will allow India to better negotiate its terms in the international trade forums aimed at increasing the
taxpayer base by bringing SMEs and the unorganized sector under its compliance. This will make the Indian
market more stable than before and Indian companies can compete with foreign companies.
GST is a recent policy introduced. GST aims at simpler tax regime and transparency in all transaction. FMCG
sector which is an important player in the market sector has been impacted by GST to some extent. This
research concludes that GST has an impact on various aspects of FMCG companies. Since it has only been
three years from when the GST law came into force, the extent or degree of such impact cannot be completely
fathomed. It would require more time evaluate whether GST would prove to be beneficial to FMCG retailers
and wholesalers.
After questioning 56 retailers and wholesalers about GST we can conclude that their businesses have been
affected due to GST.
According to our analysis we have concluded that retailers and wholesalers who file GST on their own face
problems while filing GST. It is a new way of filing tax so traditional business have issues while filing GST.

The increase in prices of raw material of FMCG has effect on the price of goods therefore the price of raw
material has a direct relation on the sales and the hiked price ultimately is paid by the consumers We also
found out that if the government provides relief on FMCG the purchasing power of the Consumer will be
affected as the prices will fall down the purchasing power will go up.
The purchasing power also has relationship with the credit period. GST is followed by many top economies in
the world and hopefully it will bear fruit to the Indian economy as well.
BIBLIOGRAPHY
Bibliography

Dash. A (2017) “Positive and Negative impact of GST on Indian Economy”, International Journal of
Management and Applied Science, ISSN: 2394-7926 Volume-3, Issue-5, pp160- 162.
Dang Priya Jha, et al., (2004) An empirical view of the different types of consumer promotions in India,
working paper, Indian institute of management, Ahmedabad. [3] Jayashree R., R Kotnal., (2017) influence of
„GST‟ on the fast moving consumer goods , International Journal of advanced Research and Development,
Volume 2; Issue 6 pp12-15
Chavan, R. (2017). A study on impact of goods and service tax on Indian industries with reference to FMCG
sector.
http://www.gstcouncil.gov.in/

https://cleartax.in/s/gst-consumer-fmcg

https://sinewave.co.in/blog/how-gst-has-impacted-the-fmcg.aspx

https://www.ibef.org/industry/fmcg.aspx

https://kb.icai.org/pdfs/PDFFile5b432d754ab853.80651823.pdf

https://cleartax.in/s/gst-rates
ANNEXURES

Questionnaire
Name:

Q1. Your gender

A. Male B. Female. C. Other

Q2. Age group

A. 10-25 B.26-50 C. Above 50

Q3. Are you a wholesaler or retailer or FMCG?

A. Wholesaler B. Retailer

Q4. How many employees do you have?

A. 0-5 B. 5-15. C. More than 15

Q5. What percentage of your goods get expired?

A. 0%-5%. B. 6%-16%. C. More than 17%

Q6. Do you have a GST number?

A. Yes B. No

Q7. Is GST a good step taken by the government?

A. Yes B. No

Q8. Has GST effected your business?

A. Yes. B. No

Q9. Do you file GST yourself?

A. Yes B. No

Q10. Do you face problems while filing GST?

A. Yes. B. No
Q11. Has the consumption of FMCG affected due to GST?
A. Yes. B. No

Q12. Have you ever received GST refund?

A. Yes. B. No

Q13. How has your experience been with GST?

A. Good. B. Fair. Poor

Q14. Do you think that GST has made FMCG expensive?

A.Strongly agree
B.Agree
C.Neutral
D.Disagree
E.Strongly disagree

Q15. Should FMCG be given relief under GST as they are daily use ?
A.Strongly agree
B.Agree
C.Neutral
D.Disagree
E.Strongly disagree

Q16. Is GST a way for government to take more taxes?

A.Strongly agree
B.Agree
C.Neutral
D.Disagree
E.Strongly disagree

Q17. Has the purchasing power of consumers reduced?

A.Strongly agree
B.Agree
C.Neutral
D.Disagree
E.Strongly disagree

Q18. Have the prices of raw materials increased?

A. Yes. B. No

Q19. After GST has the credit period increased for FMCG?
A. Yes. B. No