IndiaPosted at: Apr 4 2024 5:34PM


Filing GST, business set up cost knowledge main challenges among rural entrepreneurs: Survey

New Delhi, Apr 4 (UNI) The rural and semi-urban entrepreneurs face several challenges but inability to file and manage business taxes like GST and lack of awareness of business set up cost are key problems, finds a survey by Bhartiya Yuva Shkati Trust (BYST).
The BYST conducted a study across 20 cities in 12 states among rural and semi-urban entrepreneurs and concluded that the top challenges identified include navigating the complexities of managing and filing business taxes (43 per cent), lack of awareness regarding the associated costs, time requirements, and minimum capital investment (43 per cent), and a significant knowledge gap on Goods and Services Tax (GST) intricacies (28 per cent).
Another significant finding that emerged in this survey highlights that while 60 percent of these entrepreneurs embrace digital payment methods, and a mere 26 per cent leverage e-commerce platforms, exposing a considerable gap in digital adoption, BYST said in a release.
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Tags: #Filing GST# business set up cost knowledge main challenges among rural entrepreneurs: Survey
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