Empirical Study on People’s Perception Regarding Introduction of GST in India

Abstract

Taxation system of India had a long history which started from the prologue of ‘Jizya’ by Aurangzeb to new born GST (Goods and Service Taxes). Recently, GST is one of the biggest tax reforms in the country post-independence which will integrate all the state economies and boost overall growth and would introduce a uniform taxation law across states and different sectors in respect to indirect taxes.  Goods & Services Tax Law in India is a comprehensive, multi-stage, destination-based tax that is levied on every value addition. This study which includes a theoretical discussion with empirical evidences highlights the overall overview of GST system in India. The main focus of this study is to have a general understanding about the newly introduced GST tax regime in India and also to assess the perception of general people surrounded in different segments of our society regarding the Goods and Service tax.  The Government must   put in more effort to ensure that consumers have a clear understanding and develop a positive perception towards GST, leading to its acceptance.

Keywords: GST, India, indirect taxes, people.

DOI: 10.7176/RHSS/10-13-05

Publication date:July 31^st 2020