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

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.