The Impact Analysis of Major Financial Ratios of Indian Textile Firms After Implementation of Gst

Authors

  • Durga Singh Gour Assistant Professor Govt. Girls College, Kherwara Udaipur

DOI:

https://doi.org/10.33516/maj.v58i7.54-57p

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Abstract

This study analyses the major financial ratios of top 25 selected textile companies in pre and post-GST periods. The pre-GST period spans from FYs 2011-12 to 2016-17, while the post- GST period covers FYs 2017-18 to 2022-23. Both periods have been compared with major financial ratios including liquidity, profitability, efficiency and investor’s ratios. The firms for sample study have been selected from BSE index based on market capitalization. The data has been collected from the annual reports of the selected firms. The study concluded that the implementations of GST have a positive impact on the liquidity and profitability of the select firms. It has resulted in reduced tax leakage, enhanced supply chain, the benefit of input tax credit, improved cost efficiency and increased market opportunities. However, the firms also faced challenges related to pricing policies, tax rates, compliance, logistics and distribution, which adversely affected the efficiency of the firm.

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Published

2023-07-31

How to Cite

Gour, D. S. (2023). The Impact Analysis of Major Financial Ratios of Indian Textile Firms After Implementation of Gst. The Management Accountant Journal, 58(7), 54–57. https://doi.org/10.33516/maj.v58i7.54-57p

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Section

Cover Story

References

Raj, S. A., & Kumar, V. M. (2023). Imapct of GST on textile manufacturer’s job workers in Erode district, Tamilnadu. Journal of Data acquition &processing , 4181-4185.

MG, P. L., & Babu, K. B. (2021). Imapct of GST in small &medium enterprises with special reference to textile industry- A study among retailers. Dogo Rangsang Research Journal, 20-27.

Jain, D. (2020). Impact of GST on the textile sector of Surat city . International Journal of advance in Engineering &Management , 196-200.

Borate, S. S., & Ghorpade, N. (2019). A study on impact of GST on Textile Industry. Journal of Management Research, 51-55.

Maidan , R., & Garg, P. (2018). Impact of GST for Indian Textile sector: A review . Innovative Research thoghts , 227-231.

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