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VOL. 3, ISSUE 2 (2018)
Traders’ perception towards goods and services taxes implementation in India with reference to Vellore district Tamil Nadu
Authors
S Rajini, Dr. N Raja Hussain
Abstract
The dream of ‘One country-One tax’ and India becoming one market from an indirect tax perspective is came into force on 1st July 2017. The Constitution of India 101st Amendment Act 2016 came into force on 8th September, and notification of the GST Council on 15th September – the road to GST rollout is clear. Government is keened on introducing GST- the biggest indirect tax reform, initially planned with effect from 01 April 2017. One of the biggest challenges is to train the indirect tax officials of both Centre and State, as well as the traders. This study assesses the level of tax education, particularly the level of understanding of GST among the traders. The data for the study were collected by means of structured questionnaires with the sample of 50 respondents. The findings from the study showed that there is level of understanding are less among traders towards GST implementation in India. Government should provide sufficient information pertaining to GST such as the benefits of GST, the mechanism of charging, collection and others to widespread for public education on GST matters that could involve an integration of tax education into the curricula of education in our institutions of higher learning and organized work- shops for specific groups like educators. This paper could contribute on the policy development especially involving fiscal policy as well as gaining the traders confidence on government. The results, however, could not be generalized to all traders in India since the study was conducted in Vellore district, Tamil Nadu.
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Pages:1011-1017
How to cite this article:
S Rajini, Dr. N Raja Hussain "Traders’ perception towards goods and services taxes implementation in India with reference to Vellore district Tamil Nadu". International Journal of Academic Research and Development, Vol 3, Issue 2, 2018, Pages 1011-1017
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