Business Standard

Five years of GST: Some biz adapted, some perished, as others thrived

This report from Howrah talks about how the mid-sized and smaller players lost ground

Posta Bazar

Posta Bazar is a sub-mart for perishable commodities in Burrabazar. About 200 trucks move daily from here supplying a range of products,

Ishita Ayan Dutt Howrah\Kolkata
Till 2017 when GST was introduced, Abhishek Iron Foundry in Howrah, West Bengal, had a rainbow of customers, from small and medium to large but, post-July 1, many of the shades started to fade.

The biggest casualty of India’s widest reform in indirect tax, GST, were those operating in the twilight zone of the formal sector. Abhishek saw its small buyers’ segment that accounted for about 30 per cent of its business, quickly disappear.

The result: the foundry’s business dwindled and its contractual employee base has shrunk by about 70 per cent (Howrah’s foundry units mostly operate with contractual workers).  

“The smaller buyers

Don't miss the most important news and views of the day. Get them on our Telegram channel

First Published: Jun 28 2022 | 6:44 PM IST

Explore News

To read the full story, subscribe to BS Premium now, at just Rs 249/ month.

Key stories on are available only to BS Premium subscribers.

Register to