Impacts of taxation on Small Scale Industries

Ritesha Das

In developing the economy, small and medium-sized businesses play a crucial role. In the last few years, in particular, in the field of creation of jobs, innovation, improving people's living standards and financial contribution to the growth of the country's GDP. The importance of small scale Industries to economic development in any country cannot be underestimated. The challenges of the lack of financial expansive resources, entrepreneurial management skills, unqualified labour, low quality goods production, a lack of market for their products, infrastructure and above all taxation policy that does not promote their potential for growth hinder growth in this sector are hindering its growth.

https://doi.org/10.31871/IJNTR.5.10.8