National Journal of Multidisciplinary Research and Development

National Journal of Multidisciplinary Research and Development


National Journal of Multidisciplinary Research and Development
National Journal of Multidisciplinary Research and Development
Vol. 2, Issue 3 (2017)

Expectation, experience and acceptance of goods and service tax


Sameeha Thayyil, Shameema V

The introduction of GST is considered one of the most crucial indirect tax reforms in India. It is an important perfection and the next logical step towards the elimination of cascading effect of taxing on consumption of goods and services. It is levied and collected on value addition at each stage of sale or purchase of goods or supply of services based on input tax credit method but without state boundaries. This new system of tax will pave way for a one-country one-tax regime with minimum exemptions. In this paper, a humble attempt is being made to capture the essence of GST and acceptance of GST among public. Apart from that the paper also throws light into the expectation and experience of public on GST. Fifty five respondents are selected from Malappuram district based on convenience sampling method for data collection. For comparative analysis; we decided to structure the public into three groups, namely, general businesspersons, the professionals and others, which we referred to in this study as laymen. The results of the study indicated that the public is not satisfied with the current GST structure and requires modification as their expectations regarding GST are not fulfilled in the reality.
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How to cite this article:
Sameeha Thayyil, Shameema V. Expectation, experience and acceptance of goods and service tax. National Journal of Multidisciplinary Research and Development, Volume 2, Issue 3, 2017, Pages 464-468
National Journal of Multidisciplinary Research and Development National Journal of Multidisciplinary Research and Development