Perceptions of traders and manufacturers towards GST

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Perceptions of traders and manufacturers towards GST

Journal Title: Journal of Management Research and Analysis - Year 2018, Vol 5, Issue 3

Abstract

GST is a valuebased indirect tax which levied on the value added by the supplier GST has been introduced in more than 160 countries and France was the first to introduce in 1954 In India GST is implemented from 1st July 2017 with motto of one nation one market and one tax In Indian taxation history the introduction of GST brought the revolutionary changes which subsumed all the multiple indirect taxes under a single umbrella The purpose of present study is to investigate the perceptions of traders and manufacturers towards GST their satisfaction level from GSTs implementation and significant differences between their perceptions and satisfaction This study has conducted particularly in three regions ie Rohtak Gurgaon and Faridabad of Haryana state and total 200 respondents were selected on the random sampling basis and ttest was used The results of the study conclude that 73 of respondents are satisfied from GSTs implementation This study suggests for successful implementation of GST government should organize the awareness and training programs to increase the GST knowledge reduce the technical error of GSTN expand the digital infrastructure properly check whether the benefits of reduced cascading effect is passing to end customer or not and reduce the return filing formalitiesKeywords GST Goods and Services tax VAT Value added tax CGST central Goods and services tax GSTN goods and services tax network ITC Input Tax Credit

Authors and Affiliations

Diksha Dr, Sanjay Nandal

Keywords

EP ID EP514256
DOI 10.18231/2394-2770.2018.0041
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