Impact of Goods and Services Tax on Msme

On July 1, 2017, the intricate system of many indirect taxes was replaced with the unified multipurpose goods and services tax (GST). In India, it represents the largest tax overhaul in history. As a result of the recent tax change, our economic situation and the MSME sector's business dynamics are changing. Small and medium-sized businesses (MSMEs) are the backbone of our economy and have a significant effect on the overall state of the economy. This article examines the impact of the GST and how it affects the MPMI industry.