GST: A Better Relationship Capital For MSMES and the Construction Sector

Authors

  • Chivukula Vasudev CFO L&T Geostructure Pvt Ltd. Chennai
  • P. Jyothi School of Management Studies Central University of Hyderabad, Hyderabad

DOI:

https://doi.org/10.33516/maj.v58i7.36-41p

Keywords:

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Abstract

The Goods and Services Tax (GST) is a dependent variable and is posterior to business incidence. GST helps businesses in several ways. The foremost aspect is business sustenance: relentless efforts in converting inputs-processes-output deliverables with good quality and cost competitiveness. Workforce is an emotional based resource unlike the other factors of production. Business continuity in construction sector enhances infrastructure development and sustainable competitive advantages for MSMEs as higher productivity facilitates higher GST revenue to the Government. The big picture is to supplement GST competitiveness by strengthening integrated relationship capital amongst various stakeholders for long term business sustenance of MSMEs.

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Published

2023-07-30

How to Cite

Vasudev, C., & Jyothi, P. (2023). GST: A Better Relationship Capital For MSMES and the Construction Sector. The Management Accountant Journal, 58(7), 36–41. https://doi.org/10.33516/maj.v58i7.36-41p

Issue

Section

Cover Story

References

Pachouri, A., and S. Sharma (2016). Barriers to Innovation in Indian Small and Medium-Sized Enterprises. ADBI Working Paper 588.

Chundu, M., Chigombe, P., & Mucheri, T. (2022). Extent of Social Media Marketing Use by MSMEs in the Construction Industry in Harare. American Journal of Industrial and BusinessManagement.

www.pppinindia.gov.in

Sharvari Kharat et al (2022) Financial Performance Analysis of MSME Sector. International Journal of Economics, Business Management Studies

MSME Ministry Annual Report 2021-22 and 2022-23.

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