An Insight into Awareness and Perception of Consumers on GST

Rukmani Singaram

Abstract


Goods and Service Tax was first proposed in India on July 1st 2017 by  Prime Minister  and the Finance Minister of India, Arun Jaitley although the implementation only began in April 2018.This was a significant step in the field of indirect tax reforms in India as this tax has subsumed 17 different taxes. Through this study the government will be able to understand the feedback of GST from their consumers (employees, businessmen and professionals). Until now, many communities are less understanding and confused regarding the GST system and have a negative perception about it. This study consists of 385 consumers (employees, businessmen and professionals) in the area of Bangalore. Data was collected through a questionnaire and the results showed that the level of awareness is moderate and the perception is neither agree nor disagree with the implementation of GST. This shows that the consumers are aware of GST but they do not have a positive or negative perception towards it and this may make it difficult for the consumers to bring a positive influence among the consumers.

Keywords: Goods and Service Tax (GST), Awareness, Perception, Indian Economy, Rates Applicable in GST


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ISSN : 2251-1555