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International Journal of Advanced Research in Education and TechnologY(IJARETY)
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Article

TITLE A Study on Direct and Indirect Taxation with Special Reference to GST at T N Subramanya and Associates
ABSTRACT This research provides an in-depth, qualitative analysis of the operational challenges and strategic solutions related to India's direct and indirect taxation systems, with a particular emphasis on the Goods and Services Tax (GST). The study is contextualized through a focused case study of T.N. Subramanya & Associates, a chartered accountancy firm. The methodology employs a descriptive approach, documenting the firm's processes and services, combined with qualitative research techniques such as direct observation and informal discussions. A purposive sampling method was used to select this specific firm due to its extensive experience and active engagement with a diverse client base, which offered rich, firsthand data. The paper identifies key challenges faced by clients, especially small and medium-sized enterprises (SMEs), including difficulties with the technical and regulatory aspects of GST, such as online filings, e-invoicing mandates, and the complexity of multi-tiered tax rates. A significant finding is the impact of delayed tax refunds on a business's cash flow and working capital. The study concludes that professional firms like T.N. Subramanya & Associates play a crucial role as mediators and facilitators, bridging the gap between intricate legal frameworks and the practical needs of businesses. They provide essential advisory services, ensure regulatory compliance, and help clients optimize their tax positions, thereby enabling economic stability and growth, particularly for the SME sector.
AUTHOR Shreyas K, Dr. Kanchan G. Rajput Post Graduate Diploma in Management, Dayanada Sagar Business School, Bengaluru, Karnataka, India Sr. Assistant Professor, Dayananda Sagar Business School, Bengaluru, Karnataka, India
PUBLICATION DATE 2025-10-15
VOLUME 12
DOI 10.15680/IJARETY.2025.1205012
PDF 12_A Study on Direct and Indirect Taxation with Special Reference to GST at T N Subramanya and Associates.pdf
KEYWORDS

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