Survey Reveals Most Businesses Unprepared for GST Implementation

A recent study conducted by EasemyGST, a platform operated by ERP provider Ginesys, indicates that a significant 68% of businesses possess either minimal or no preparedness for the Goods and Services Tax (GST). Furthermore, the survey highlighted that 18% of businesses only had a fundamental grasp of the new tax system, while merely 14% were actively progressing towards GST integration.

Key Findings from the EasemyGST Survey

These findings are concerning, especially given the approaching implementation deadline for GST. Small and medium-sized enterprises (SMEs) are particularly affected, often lacking both sufficient comprehension and the necessary resources to adopt GST compliance tools efficiently. This information was also reported by the Times of India.