A Study of Retailers’ Awareness of Goods and Services Tax (GST)
Keywords:
GST, Indirect Tax, taxation systemAbstract
The present study was carried out to know the level of awareness of retailers about goods and services tax. Goods and Services Tax (GST) is a structure of indirect taxes formulated to increase the growth of the country. In other words, it is a simplification over Indian taxation system. Through this simplification, Indian government aims to increase the level of revenue, provide easy way to paying-tax and file return by the businessmen and to protect the tax evasion and tax avoidance. Besides this, in India, government had started reforms for indirect taxes with the replacement of sales taxes by value added tax (VAT) in 2005. However, in this old taxation system the people of country had to bear cascading effect of taxes- an item was taxed more than once. To get the solution of problems relating to taxation structure government of India implemented the GST on 1st April, 2017. GST was implemented at two stages, first was levied by Central government and called Central Goods and Services Tax (CGST) and second was levied by State govt. and called State Goods and Services Tax (SGST). Under this research work, primary data were collected through a structured questionnaire. Collected data were analysed with the help of percentage analysis.
References
Vasanthagopal, R (2011) “GST in India: A Big Leap in the Indirect Taxation System”, International Journal of Trade, Economics and Finance, Vol-2, No.-2.
Sherawat, Monika and Dandha, Uapasana (2015) “GST in India: A Key Tax Reforms”, International Journal of Research- Granthaalayah, Vol.-3, Issue-12, Pp. 133-141.
Garg, Yash and Gupta, Jyoti (2017) “An Exploratory Study on Evaluation & Implementation of GST in India”, A Research Paper Presented in 3rd International Conference on Innovative Trends in Science, Engineering and Management, YMCA Connaught Place, New Delhi.
Lourdunathan, F and Xavier, P (2017) “A Study on Implementation of Goods and Services Tax (GST) in India: Prospectus and Challenges”, International Journal of Applied Research, Vol.-3, Issue-1, Pp. 626-629.
Rani, Shilpa (2017) “A Research Paper on Goods and Services Tax (GST) and its Impact on Indian Economy”, International Journal of Advanced Research and Development, Vol.-2, Issue-5, Pp. 209-212.
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