This study examined engineering faculty perceptions of the Goods and Services Tax (GST) implemented in India in 2017. The researchers surveyed 200 engineering faculty across colleges in Guntur, Andhra Pradesh to understand their awareness and views of GST. They found that most faculty had some understanding of GST but were not fully aware of its concepts and impacts. The study aims to provide information to increase awareness among faculty and students to support the success of GST in India.
The document discusses how the Goods and Services Tax Network (GSTN) can help Micro, Small and Medium Enterprises (MSMEs) in India. It provides an overview of the GSTN structure and services, and analyzes the roles and challenges of GSTN for MSME taxpayers. The study found that GSTN has significantly impacted MSME performance by facilitating registration, returns filing and payments. While GSTN faces challenges like system response issues, it provides several services and initiatives that are beneficial for MSMEs in the long run. Overall, the GSTN is an important tool that MSMEs can utilize to improve their operations and growth.
This project is undertaken to fulfill information needs of the user at two levels i.e. Macro Level and Micro Level
On a macro level, it aims to provide a single document which can provide information about the impact of GST on various sectors like logistics, eCommerce, pharma, telecommunication, textile, real estate, agriculture, automobiles, small medium enterprises and startups.
Further, on a micro level, it aims to provide information to a businessperson information about GST from a business perspective so that one is able to (a) Comply with the law and (b) collect and pay to the government the correct amount of taxes on time and (c) Does not miss out on any credits that are available.
This document provides an overview of a study on the impact of the Goods and Services Tax (GST) on the logistics industry in India. It begins with an introduction to GST and how it will work in India. The objectives of the study are then outlined as understanding how GST will impact Indian logistics companies, identifying factors affecting the industry, comparing GST to the current taxation system, and evaluating challenges for the logistics industry. The rationale for the study is discussed in regards to how GST could help the transportation sector by reducing costs and improving efficiency. The research methodology is then described as explanatory using secondary data sources and focusing on the Indian logistics industry.
A Study on Challenges and Impact of Goods and Services Tax on Various Sectors...ijtsrd
In the field of Indirect tax reforms in India, Goods and Services Tax is a noteworthy step. Many countries of the world follow GST as it ensures a comprehensive single tax system removing tax barriers and helps the economy in its efficient growth and development. GST will help Indian economy by uniform tax rates, removing double or multiple taxation and reducing goods and services prices, etc. Taxation is the major source of revenue for the government. Dr. Vijay Kelkar, a chairman of 13th Finance Commission has advised to have a scientific, rational, and modern taxation system in tune with developed countries, rightly form the base behind Goods and Service Tax introduction in India. A taxation system that facilitates growth of business and reduces tax evasion brings prosperity to the economy. The main idea behind the introduction of GST was replacement of exiting multiple taxation system. Introduction of GST will affect existing tax structure and it may have positive or negative impact on different sectors of the economy. This paper focuses on the background, benefits, objectives, challenges, and impact of GST on different areas of Indian economy. At the end, the paper draws out a certain conclusion. Prof. Kishorsinh Chauhan | Dr. Manoj Sharma "A Study on Challenges and Impact of Goods and Services Tax on Various Sectors of the Indian Economy" Published in International Journal of Trend in Scientific Research and Development (ijtsrd), ISSN: 2456-6470, Volume-7 | Issue-3 , June 2023, URL: https://www.ijtsrd.com.com/papers/ijtsrd56367.pdf Paper URL: https://www.ijtsrd.com.com/economics/other/56367/a-study-on-challenges-and-impact-of-goods-and-services-tax-on-various-sectors-of-the-indian-economy/prof-kishorsinh-chauhan
This document summarizes a study on GST registration and return filing processes in India. It provides an overview of the objectives and scope of the study, including understanding the GST concept and rate structure. It also outlines the research methodology used, which involved analyzing secondary data sources like newspapers, journals, and GST-related websites. Additionally, it shares some key learning points for students, such as the different GST categories (CGST, SGST, IGST, UTGST) and GST percentage slabs (0%, 5%, 12%, 18%, 28%).
Introduction to Goods and Services Tax Aditya Singh
The document provides information about Goods and Services Tax (GST) in India. It discusses how GST was introduced through the 101st amendment to the Constitution of India and came into effect on July 1, 2017. GST is a single, unified indirect tax that subsumes multiple taxes into a single tax. It aims to create a single, national market and make India a common market.
A COMPARATIVE STUDY OF GST VAT IN THREE CONSECUTIVE TERMS WITH SPECIAL REF...Sheila Sinclair
The document provides a comparative study of the Goods and Services Tax (GST) system and the previous Value Added Tax (VAT) system in India over three consecutive terms, with a focus on the pre- and post-implementation of GST. It analyzes the impact of GST on businesses and the economy through surveys of industries. Some key findings are that over half of respondents reported decreased revenue after GST adoption, and the system was seen as less transparent than the previous VAT system. The implementation of GST in 2017 aimed to simplify taxation and boost economic growth by widening the tax base.
The document discusses how the Goods and Services Tax Network (GSTN) can help Micro, Small and Medium Enterprises (MSMEs) in India. It provides an overview of the GSTN structure and services, and analyzes the roles and challenges of GSTN for MSME taxpayers. The study found that GSTN has significantly impacted MSME performance by facilitating registration, returns filing and payments. While GSTN faces challenges like system response issues, it provides several services and initiatives that are beneficial for MSMEs in the long run. Overall, the GSTN is an important tool that MSMEs can utilize to improve their operations and growth.
This project is undertaken to fulfill information needs of the user at two levels i.e. Macro Level and Micro Level
On a macro level, it aims to provide a single document which can provide information about the impact of GST on various sectors like logistics, eCommerce, pharma, telecommunication, textile, real estate, agriculture, automobiles, small medium enterprises and startups.
Further, on a micro level, it aims to provide information to a businessperson information about GST from a business perspective so that one is able to (a) Comply with the law and (b) collect and pay to the government the correct amount of taxes on time and (c) Does not miss out on any credits that are available.
This document provides an overview of a study on the impact of the Goods and Services Tax (GST) on the logistics industry in India. It begins with an introduction to GST and how it will work in India. The objectives of the study are then outlined as understanding how GST will impact Indian logistics companies, identifying factors affecting the industry, comparing GST to the current taxation system, and evaluating challenges for the logistics industry. The rationale for the study is discussed in regards to how GST could help the transportation sector by reducing costs and improving efficiency. The research methodology is then described as explanatory using secondary data sources and focusing on the Indian logistics industry.
A Study on Challenges and Impact of Goods and Services Tax on Various Sectors...ijtsrd
In the field of Indirect tax reforms in India, Goods and Services Tax is a noteworthy step. Many countries of the world follow GST as it ensures a comprehensive single tax system removing tax barriers and helps the economy in its efficient growth and development. GST will help Indian economy by uniform tax rates, removing double or multiple taxation and reducing goods and services prices, etc. Taxation is the major source of revenue for the government. Dr. Vijay Kelkar, a chairman of 13th Finance Commission has advised to have a scientific, rational, and modern taxation system in tune with developed countries, rightly form the base behind Goods and Service Tax introduction in India. A taxation system that facilitates growth of business and reduces tax evasion brings prosperity to the economy. The main idea behind the introduction of GST was replacement of exiting multiple taxation system. Introduction of GST will affect existing tax structure and it may have positive or negative impact on different sectors of the economy. This paper focuses on the background, benefits, objectives, challenges, and impact of GST on different areas of Indian economy. At the end, the paper draws out a certain conclusion. Prof. Kishorsinh Chauhan | Dr. Manoj Sharma "A Study on Challenges and Impact of Goods and Services Tax on Various Sectors of the Indian Economy" Published in International Journal of Trend in Scientific Research and Development (ijtsrd), ISSN: 2456-6470, Volume-7 | Issue-3 , June 2023, URL: https://www.ijtsrd.com.com/papers/ijtsrd56367.pdf Paper URL: https://www.ijtsrd.com.com/economics/other/56367/a-study-on-challenges-and-impact-of-goods-and-services-tax-on-various-sectors-of-the-indian-economy/prof-kishorsinh-chauhan
This document summarizes a study on GST registration and return filing processes in India. It provides an overview of the objectives and scope of the study, including understanding the GST concept and rate structure. It also outlines the research methodology used, which involved analyzing secondary data sources like newspapers, journals, and GST-related websites. Additionally, it shares some key learning points for students, such as the different GST categories (CGST, SGST, IGST, UTGST) and GST percentage slabs (0%, 5%, 12%, 18%, 28%).
Introduction to Goods and Services Tax Aditya Singh
The document provides information about Goods and Services Tax (GST) in India. It discusses how GST was introduced through the 101st amendment to the Constitution of India and came into effect on July 1, 2017. GST is a single, unified indirect tax that subsumes multiple taxes into a single tax. It aims to create a single, national market and make India a common market.
A COMPARATIVE STUDY OF GST VAT IN THREE CONSECUTIVE TERMS WITH SPECIAL REF...Sheila Sinclair
The document provides a comparative study of the Goods and Services Tax (GST) system and the previous Value Added Tax (VAT) system in India over three consecutive terms, with a focus on the pre- and post-implementation of GST. It analyzes the impact of GST on businesses and the economy through surveys of industries. Some key findings are that over half of respondents reported decreased revenue after GST adoption, and the system was seen as less transparent than the previous VAT system. The implementation of GST in 2017 aimed to simplify taxation and boost economic growth by widening the tax base.
The Good and services tax (GST) is the biggest and substantial indirect tax reform since 1947. The main idea of GST is to replace existing taxes like value-added tax, excise duty, service tax and sales tax. GST as it is known is all set to be a game changer for the Indian economy. India as world’s one of the biggest democratic country follow the federal tax system for levy and collection of various taxes.GST tax system plays a vital role in growth of India.GST cover 12 taxes (Like Vat, Sale tax, CST, KKC etc). GST is one of the most crucial tax reforms in India which has been long pending. It will be levied on manufacture sale and consumption of goods and services. GST is expected to address the cascading effect of the existing tax structure and result in uniting the country economically.
A Pre Experimental Study to Assess the Effectiveness of Planned Teaching Prog...ijtsrd
Background Health is considered as one of the most important values of life. Certain illnesses can also change the client’s body image or physical appearance weakness, loss of limb, and severe scarring. The client’s self esteem and self concept will also be affected. Early detection and treatment is one of the measures to prevent illness and also to reduce complications and death. Objective The study aimed to assess the effectiveness of planned teaching programme on knowledge towards safe handling of chemotherapeutics drugs among staff nurses in Cancer hospital Gwalior M.P. Methods The research design selected for the study was pre experimental one group pre test posttest . Structured knowledge questionnaire developed to assess the knowledge of staff nurses regarding safe handling of chemotherapeutic drugs. Bhoori Singh | Sunita Tomar | Sunita Singh "A Pre-Experimental Study to Assess the Effectiveness of Planned Teaching Programme on Knowledge towards Safe Handling of Chemotherapeutics Drugs among Staff Nurses in C.H.R.I Gwalior (M.P)" Published in International Journal of Trend in Scientific Research and Development (ijtsrd), ISSN: 2456-6470, Volume-5 | Issue-4 , June 2021, URL: https://www.ijtsrd.compapers/ijtsrd42353.pdf Paper URL: https://www.ijtsrd.commedicine/nursing/42353/a-preexperimental-study-to-assess-the-effectiveness-of-planned-teaching-programme-on-knowledge-towards-safe-handling-of-chemotherapeutics-drugs-among-staff-nurses-in-chri-gwalior-mp/bhoori-singh
India Tax Insights (October-December 2014)elithomas202
The document summarizes key aspects of implementing an effective Goods and Services Tax (GST) system in India based on lessons from international experience and best practices. It discusses that for GST to be successful, it must have: 1) a comprehensive tax base applying to all goods and services with no exemptions; 2) a moderate single tax rate to simplify compliance; 3) well-thought out "place of supply" rules to appropriately divide the tax base among states; and 4) a robust IT infrastructure in the form of a single GST network platform. Excluding sectors like real estate, petroleum and alcohol from the tax base could undermine the aims of GST by increasing tax cascading and litigation.
Impact of Goods and Services Tax on Indian Economyijtsrd
The Goods and Services Tax, also known as GST Goods and Service Tax , came into force in India on 01 July 2017. Now there is a free flow of goods in the country and the concern of tax rates of businessmen have ended. The Goods and Services Tax rate in India is the highest at 28 percent, which frustrates businessmen. GST replaced very complex and many indirect taxes such as production duty, sales tax, entry tax, VAT etc. The objective of the Government of India to implement this was to encourage development by adopting the system of “one nation, one tax, one market†by exempting the country from the different tax rates of different states. Goods and services have become expensive with GST. But it will have to wait for its positive and negative results, and see which side is to turn. Finally, how does the Goods and Services Tax affect consumers Dr. Sumit Trivedi "Impact of Goods and Services Tax on Indian Economy" Published in International Journal of Trend in Scientific Research and Development (ijtsrd), ISSN: 2456-6470, Volume-5 | Issue-4 , June 2021, URL: https://www.ijtsrd.compapers/ijtsrd41316.pdf Paper URL: https://www.ijtsrd.commanagement/accounting-and-finance/41316/impact-of-goods-and-services-tax-on-indian-economy/dr-sumit-trivedi
GST came to India as a medicine that would treat taxable diseases at one go. It was described by economists as the biggest economic reform after independence. Till the year 2017 indirect tax structure in India was a complex mixture of central taxes and state taxes, here different types of taxes were levied at different stages, which made the tax structure difficult and most of the taxes were not adjusted for this system tax. Increases effect such as taxes on taxes that increase the value of products and services. This economic reform is extremely essential for an emerging economic power like India. Impact of The last deputy speaker from the government, the government and the economy will present its influence in both positive and negative forms. This research of mine will throw light on the study of these two sides. Dr. Sumit Trivedi "Impact of GST on Different Classes" Published in International Journal of Trend in Scientific Research and Development (ijtsrd), ISSN: 2456-6470, Volume-5 | Issue-4 , June 2021, URL: https://www.ijtsrd.compapers/ijtsrd42333.pdf Paper URL: https://www.ijtsrd.commanagement/accounting-and-finance/42333/impact-of-gst-on-different-classes/dr-sumit-trivedi
MBA Research Project Report on GST - Title as "Impact of GST on Spending Beha...Rohit
Hi I'm Rohit
I am Post Graduate in Management (MBA) in Finance+Marketing.
This research is related to Goods and Service Tax - Title as "Impact of GST on Spending Behaviour of Consumer in India" And the main Objective was this research is to understand and analyze the relation between income and spending behavior of consumer in India & to measure the “Impact of GST on spending behavior by consumer in India and also to find out the major effects after adopting the GST.
Guys if you are fresher and you have no any idea and experience to conduct the report so you can check my research it will help you definitely.
Thanks & Regards
Does Goods and Services Tax (GST) Leads to Indian Economic Development?iosrjce
IOSR Journal of Business and Management (IOSR-JBM) is a double blind peer reviewed International Journal that provides rapid publication (within a month) of articles in all areas of business and managemant and its applications. The journal welcomes publications of high quality papers on theoretical developments and practical applications inbusiness and management. Original research papers, state-of-the-art reviews, and high quality technical notes are invited for publications.
This document is a project report submitted by Tarun Agarwal for the degree of B.com Honours in Accounting & Finance under the University of Calcutta. The project title is "Study on Goods and Services Tax (GST)". It was supervised by Prof. Dipak Jaiswal of UmeshChandra College and submitted in March 2022. The report includes declarations by Tarun Agarwal and Prof. Jaiswal, acknowledgements, preface, contents, introduction discussing the background and objectives of GST in India, conceptual framework of GST including definitions and types of GST, and plans for data presentation, analysis and recommendations.
Goods and Services Tax: Benefits and its Impact on Indian EconomyDr. Amarjeet Singh
The Goods and Services Tax, or GST, took effect on July 1, 2017. The new tax system was designed to replace all current indirect taxes with a single, comprehensive tax. The Products and Services Tax (GST) is a consumption tax imposed on goods and services depending on their final destination (Bhushan Satya). Simply said, GST is a single tax that applies to the delivery of goods and services from the producer to the end user. In a nutshell, it's a tax imposed solely on value addition, with input tax credits transferred to successive stages of value addition, implying that the ultimate tax burden would fall on the end user of products or services.
The anticipated advantages of implementing the GST are that it would decrease the cascading impact of taxes, i.e. it will eliminate tax on tax. It was also anticipated to stimulate demand for products and the elimination of a number of indirect taxes such as VAT, CST, Service tax, CAD, SAD, and Excise, among others, which would help to improve the Indian economy in the long term.
This paper tries to highlight the cost and benefits bear by the economy due to implementation of the GST. The paper also tries to find out the expected rate of growth of economy after the GST. Finally, the study tries to conclude that how it would be disrupted and benefits the economy in the long run.
This document summarizes a research paper that analyzes the impact of the introduction of the Goods and Services Tax (GST) on the performance of Micro, Small, and Medium Enterprises (MSMEs) in India. It provides background on the importance and scale of the MSME sector in India. It then reviews previous literature on the effects of GST implementation on MSMEs and outlines the objectives and methodology of the research paper. The document discusses some key aspects of GST related to MSMEs, such as registration provisions and financial support programs. It also presents some initial data on the tax base after GST implementation and notes that over 93% of taxpayers have a turnover of less than Rs. 5 crore.
Newsletter - World Trade Center Bangalore - October, 2015Ratul Bhattacharya
This newsletter discusses India's growing participation in global value chains and the Digital India initiative. It notes that 2015 has seen progress under Prime Minister Modi's vision, including the Digital India campaign which aims to provide government services digitally. This digital revolution will help transform India's socio-economic dynamics by improving infrastructure, education, and establishing a foundation for sustainable development and economic progress. The newsletter also briefly summarizes the proposed Goods and Services Tax and its potential benefits for India's economy and businesses.
In this present generation, individuals are highly sophisticated in their life
standard as it is directly determined by their individuals and family income. Pool of
earnings in a family take them to next level life style. Copy and comparison are the
two important C’s which influence the individuals to lead their life in comfort t zone.
In the last two decades people are totally isolating to prefer public transport. Heavy
traffic penetrates the individuals to frustrate, in turn it leads to attract to buy their
own vehicles. A competitive corporate culture encourages them by launching new
modern two and four wheeler with different amenities at competitive price. Financial
institutions are also supporting them to buy vehicles at easiest instalments. At last,
these proportionately increase more automobile products. These automobile
industries directly contribute the GDP to our nation. The recent GST also encourages
the buying habit of automobile products. These positive tax regime definitely develop
the automobile sector to the reasonable extent. This research paper has made an
attempt to undergo the tax implications of automobile products with reference to
TATA motors. The study conducted based on the reliable facts from the company site
and financial reports for the period for 4 years from 2014 to 2018. Observation
method also applied to perceive the users, retailers and Dealers preference about the
GST implement about automobile sector.
GST A Journey to Make India a Single Tax Economyijtsrd
Goods and Service tax is the Comprehensive levy on the goods and services at the stage of consumption. This paper will try to highlight the changes in out indirect structure that has finally resulted in the introduction of GST. This paper gives a detailed account of how we started with L.K. Jha Committee report in 1976 and ended up with 101st Constitutional Amendment Act that led to the unification of the Economy. The GST is also very important from the view of Cooperative federalism because the introduction of GST was not possible if the State and Central Government would not have forgo some of there power to tax under 7th schedule. The paper has tried to cover the whole journey of GST and the need for integrated tax structure in India. The paper will further evaluate the policy changes and its impact in past 3 years. Manisha Patawari | Dr. S. P. Srivastava "GST: A Journey to Make India a Single Tax Economy" Published in International Journal of Trend in Scientific Research and Development (ijtsrd), ISSN: 2456-6470, Volume-4 | Issue-4 , June 2020, URL: https://www.ijtsrd.com/papers/ijtsrd31326.pdf Paper Url :https://www.ijtsrd.com/management/law-and-management/31326/gst-a-journey-to-make-india-a-single-tax-economy/manisha-patawari
The document is a research project report on the impact of Goods and Services Tax (GST) on the Fast Moving Consumer Goods (FMCG) sector in India. It includes an introduction providing background on GST and FMCG sector. The objectives are to understand the impact of GST on sales of retailers and wholesalers, and consumers' perceptions. A literature review is presented on previous research conducted on GST. The methodology section describes the descriptive research design used, including data collection through a questionnaire with retailers and wholesalers in Delhi.
IRJET - An Analytical Study of GST for Construction IndustryIRJET Journal
This document analyzes the impact of GST on the construction industry in India. It finds that under the GST regime, taxes have been reduced or eliminated for many construction materials compared to the previous indirect tax system. A comparative analysis of material prices for a residential project found overall costs reduced by 2-14% after GST implementation due to lower taxes and availability of input tax credits. While some goods saw price decreases under GST, others saw small price increases. Overall, GST has benefited the construction industry by simplifying taxes.
GST and Indian Manufacturing Sector
The document discusses the impact of GST on the Indian manufacturing sector. It provides background on the manufacturing sector and issues with the previous indirect taxation system, such as cascading taxes. It then describes the history of GST in India and implementation in 2017. Key impacts of GST on manufacturing include simplification, reduced costs through elimination of entry taxes, improved cash flows due to input tax credits, and restructuring of supply chains for efficiency. Overall, GST is expected to boost the manufacturing sector by lowering costs and prices through removal of cascading taxes.
Goods ans Services Tax (GST) is an indirect tax which was introduced in India on 1 July 2017 and was applicable throughout India which replaced multiple cascading taxes levied by the central and state governments.
major research project (IMPACT OF GST ON LOGISTIC INDUSTRY IN INDIA)Abhilash Haldkar
Logistics sector plays a very significant role in the development of our nation. The Indian logistics industry is expected to grow steadily. But the logistics costs in India are high when compared to developed countries. This is primarily due to complex tax structure and poor infrastructure. Currently the freight that moves across the country is taxed multiple times. So this paper is an analysis of what the impact of Goods and Service Tax (GST) will be on Logistics Sector in India primarily in Transportation, Warehousing and Logistics Service Providers.
More than 150 countries have implemented GST so far.
The document discusses the Goods and Services Tax (GST) implemented in India in 2017. It provides background on GST, including its objectives to replace existing indirect taxes and reduce tax cascading. Key aspects covered include the GST components (CGST, SGST, IGST), tax slabs, and the constitution of the GST Council. Challenges of the new system include increased compliance requirements, lack of clarity in some provisions, and the need for businesses to upgrade IT systems. Potential benefits are a simpler, uniform indirect tax structure across India leading to reduced prices and increased tax revenues.
This document was submitted as part of interview process for Marketing Specialist position at DTA Promotion, an Indonesian company which offers 360 degree marketing services, including ATL and BTL advertising platform.
The Good and services tax (GST) is the biggest and substantial indirect tax reform since 1947. The main idea of GST is to replace existing taxes like value-added tax, excise duty, service tax and sales tax. GST as it is known is all set to be a game changer for the Indian economy. India as world’s one of the biggest democratic country follow the federal tax system for levy and collection of various taxes.GST tax system plays a vital role in growth of India.GST cover 12 taxes (Like Vat, Sale tax, CST, KKC etc). GST is one of the most crucial tax reforms in India which has been long pending. It will be levied on manufacture sale and consumption of goods and services. GST is expected to address the cascading effect of the existing tax structure and result in uniting the country economically.
A Pre Experimental Study to Assess the Effectiveness of Planned Teaching Prog...ijtsrd
Background Health is considered as one of the most important values of life. Certain illnesses can also change the client’s body image or physical appearance weakness, loss of limb, and severe scarring. The client’s self esteem and self concept will also be affected. Early detection and treatment is one of the measures to prevent illness and also to reduce complications and death. Objective The study aimed to assess the effectiveness of planned teaching programme on knowledge towards safe handling of chemotherapeutics drugs among staff nurses in Cancer hospital Gwalior M.P. Methods The research design selected for the study was pre experimental one group pre test posttest . Structured knowledge questionnaire developed to assess the knowledge of staff nurses regarding safe handling of chemotherapeutic drugs. Bhoori Singh | Sunita Tomar | Sunita Singh "A Pre-Experimental Study to Assess the Effectiveness of Planned Teaching Programme on Knowledge towards Safe Handling of Chemotherapeutics Drugs among Staff Nurses in C.H.R.I Gwalior (M.P)" Published in International Journal of Trend in Scientific Research and Development (ijtsrd), ISSN: 2456-6470, Volume-5 | Issue-4 , June 2021, URL: https://www.ijtsrd.compapers/ijtsrd42353.pdf Paper URL: https://www.ijtsrd.commedicine/nursing/42353/a-preexperimental-study-to-assess-the-effectiveness-of-planned-teaching-programme-on-knowledge-towards-safe-handling-of-chemotherapeutics-drugs-among-staff-nurses-in-chri-gwalior-mp/bhoori-singh
India Tax Insights (October-December 2014)elithomas202
The document summarizes key aspects of implementing an effective Goods and Services Tax (GST) system in India based on lessons from international experience and best practices. It discusses that for GST to be successful, it must have: 1) a comprehensive tax base applying to all goods and services with no exemptions; 2) a moderate single tax rate to simplify compliance; 3) well-thought out "place of supply" rules to appropriately divide the tax base among states; and 4) a robust IT infrastructure in the form of a single GST network platform. Excluding sectors like real estate, petroleum and alcohol from the tax base could undermine the aims of GST by increasing tax cascading and litigation.
Impact of Goods and Services Tax on Indian Economyijtsrd
The Goods and Services Tax, also known as GST Goods and Service Tax , came into force in India on 01 July 2017. Now there is a free flow of goods in the country and the concern of tax rates of businessmen have ended. The Goods and Services Tax rate in India is the highest at 28 percent, which frustrates businessmen. GST replaced very complex and many indirect taxes such as production duty, sales tax, entry tax, VAT etc. The objective of the Government of India to implement this was to encourage development by adopting the system of “one nation, one tax, one market†by exempting the country from the different tax rates of different states. Goods and services have become expensive with GST. But it will have to wait for its positive and negative results, and see which side is to turn. Finally, how does the Goods and Services Tax affect consumers Dr. Sumit Trivedi "Impact of Goods and Services Tax on Indian Economy" Published in International Journal of Trend in Scientific Research and Development (ijtsrd), ISSN: 2456-6470, Volume-5 | Issue-4 , June 2021, URL: https://www.ijtsrd.compapers/ijtsrd41316.pdf Paper URL: https://www.ijtsrd.commanagement/accounting-and-finance/41316/impact-of-goods-and-services-tax-on-indian-economy/dr-sumit-trivedi
GST came to India as a medicine that would treat taxable diseases at one go. It was described by economists as the biggest economic reform after independence. Till the year 2017 indirect tax structure in India was a complex mixture of central taxes and state taxes, here different types of taxes were levied at different stages, which made the tax structure difficult and most of the taxes were not adjusted for this system tax. Increases effect such as taxes on taxes that increase the value of products and services. This economic reform is extremely essential for an emerging economic power like India. Impact of The last deputy speaker from the government, the government and the economy will present its influence in both positive and negative forms. This research of mine will throw light on the study of these two sides. Dr. Sumit Trivedi "Impact of GST on Different Classes" Published in International Journal of Trend in Scientific Research and Development (ijtsrd), ISSN: 2456-6470, Volume-5 | Issue-4 , June 2021, URL: https://www.ijtsrd.compapers/ijtsrd42333.pdf Paper URL: https://www.ijtsrd.commanagement/accounting-and-finance/42333/impact-of-gst-on-different-classes/dr-sumit-trivedi
MBA Research Project Report on GST - Title as "Impact of GST on Spending Beha...Rohit
Hi I'm Rohit
I am Post Graduate in Management (MBA) in Finance+Marketing.
This research is related to Goods and Service Tax - Title as "Impact of GST on Spending Behaviour of Consumer in India" And the main Objective was this research is to understand and analyze the relation between income and spending behavior of consumer in India & to measure the “Impact of GST on spending behavior by consumer in India and also to find out the major effects after adopting the GST.
Guys if you are fresher and you have no any idea and experience to conduct the report so you can check my research it will help you definitely.
Thanks & Regards
Does Goods and Services Tax (GST) Leads to Indian Economic Development?iosrjce
IOSR Journal of Business and Management (IOSR-JBM) is a double blind peer reviewed International Journal that provides rapid publication (within a month) of articles in all areas of business and managemant and its applications. The journal welcomes publications of high quality papers on theoretical developments and practical applications inbusiness and management. Original research papers, state-of-the-art reviews, and high quality technical notes are invited for publications.
This document is a project report submitted by Tarun Agarwal for the degree of B.com Honours in Accounting & Finance under the University of Calcutta. The project title is "Study on Goods and Services Tax (GST)". It was supervised by Prof. Dipak Jaiswal of UmeshChandra College and submitted in March 2022. The report includes declarations by Tarun Agarwal and Prof. Jaiswal, acknowledgements, preface, contents, introduction discussing the background and objectives of GST in India, conceptual framework of GST including definitions and types of GST, and plans for data presentation, analysis and recommendations.
Goods and Services Tax: Benefits and its Impact on Indian EconomyDr. Amarjeet Singh
The Goods and Services Tax, or GST, took effect on July 1, 2017. The new tax system was designed to replace all current indirect taxes with a single, comprehensive tax. The Products and Services Tax (GST) is a consumption tax imposed on goods and services depending on their final destination (Bhushan Satya). Simply said, GST is a single tax that applies to the delivery of goods and services from the producer to the end user. In a nutshell, it's a tax imposed solely on value addition, with input tax credits transferred to successive stages of value addition, implying that the ultimate tax burden would fall on the end user of products or services.
The anticipated advantages of implementing the GST are that it would decrease the cascading impact of taxes, i.e. it will eliminate tax on tax. It was also anticipated to stimulate demand for products and the elimination of a number of indirect taxes such as VAT, CST, Service tax, CAD, SAD, and Excise, among others, which would help to improve the Indian economy in the long term.
This paper tries to highlight the cost and benefits bear by the economy due to implementation of the GST. The paper also tries to find out the expected rate of growth of economy after the GST. Finally, the study tries to conclude that how it would be disrupted and benefits the economy in the long run.
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In this present generation, individuals are highly sophisticated in their life
standard as it is directly determined by their individuals and family income. Pool of
earnings in a family take them to next level life style. Copy and comparison are the
two important C’s which influence the individuals to lead their life in comfort t zone.
In the last two decades people are totally isolating to prefer public transport. Heavy
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GST A Journey to Make India a Single Tax Economyijtsrd
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More than 150 countries have implemented GST so far.
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gst article.pdf
1. Jour of Adv Research in Dynamical & Control Systems, Vol. 10, 03-Special Issue, 2018
A Study on Perception of Engineering
Faculty towards Goods and Services Tax
(GST) in Guntur, Andhra Pradesh, India
M.V.A.L. Narasimha Rao, Assistant Professor, Koneru Lakshmaiah Education Foundation, Vaddeswaram, Guntur, Andhra
Pradesh, India.
Dr.B. Kishore Babu, Associate Professor, Koneru Lakshmaiah Education Foundation, Vaddeswaram, Guntur, Andhra Pradesh,
India.
Abstract--- GST is an Indirect Tax which has reinstated many Indirect Taxes in India. The Goods and Service Tax
Act was passed in the parliament on 29th March 2017. The Act came into effect on 1st july 2017.1 Until now, many
people are less understanding and confused regarding GST system and give a negative perception about it.
Accordingly, this study attempts to find out perception on GST in Guntur, Andhra Pradesh. This research
consequently, is an effort to find out perceptions of the ENGINEERING FACULTY about GST. A survey was
conducted in Guntur, Andhra Pradesh to understand ENGINEERING faculty perceptions on GST. This research is
an attempt to know the ENGINEERING faculty perceptions towards the aims at the look after of the GST policy. A
study was conducted at different ENGINEERING colleges and universities of Guntur district of Andhra Pradesh. A
questionnaire was used to interview 200 individuals. About the GST, An analysis of the table shows the information
sources about GST. Out of 200 respondents majority 58(29.0%) respondents are known about GST through
Electronic media, followed by 49(24.5%) respondents are known about GST through friends/relatives/peers,
followed by 45(22.5%) respondents are known about GST through Print media, 35(17.5%) are known about GST
from all sources, followed by 13(6.5%) are known about GST from social media in the study area. An analysis of
the diagram shows the GST will boost the Indian economy in the long run , majority 85(42.5%) are strongly agree
that GST will bring boost Indian economy followed by 61 (30.5%) respondents are agree, 33(16.5%) respondents
are neutral, 19(18. 5%) respondents are disagree, 2(1.0%) strongly disagree in study area. Most of the
ENGINEERING faculty are not fully aware of GST and have some apprehensions on GST. A grand insurgency is
hitherto to take place in the near future in the indirect tax system i.e. GST, so the faculty is not fully aware of the
concepts. But, India being a democratic country should make clear to its citizens about the GST. Therefore, it is the
need of each and every citizen to have awareness about the new GST. If faculty will have awareness they can create
awareness in the minds of students who are becoming young entrepreneurs in near future and making India a vibrant
and dynamic country.
Keywords--- Engineering Faculty, Goods and Services Tax (GST), GUNTUR, INDIA, Perception.
I. Introduction
"Goods and Services Tax" would be a comprehensive indirect tax on manufacture, sale and consumption of
goods and services throughout India, to replace taxes levied by central and state governments.1
Goods and Services Tax (GST) is an indirect tax which was introduced in India on 1 July 2017 and was valid
throughout India which substituted manifold cascading taxes levied by the central and state governments. It was
introduced as The Constitution (One Hundred and First Amendment) Act 2017, following the passage of
Constitution 122nd Amendment Bill.
The GST is governed by a GST Council and its Chairman is the Finance Minister of India. Under GST, goods
and services are taxed at the following rates, 0%, 5%, 12%, 18% and 28%. There is a special rate of 0.25% on rough
precious and semi-precious stones and 3% on gold..
A single GST replaced several existing taxes and levies which include: central excise duty, services tax,
additional customs duty, surcharges, state-level value added tax and Octroi.
Other levies which were applicable on inter-state transportation of goods have also been done away with in
GST regime. GST is levied on all transactions such as sale, transfer, purchase, barter, lease, or import of goods
and/or services.
ISSN 1943-023X 500
Received: 5 Feb 2018/Accepted: 15 Mar 2018
2. Jour of Adv Research in Dynamical & Control Systems, Vol. 10, 03-Special Issue, 2018
In view of the fact that its commencement, the pros and cons of GST accomplishment has been extensively
wrangled over and has paying attention from dissimilar parties counting academics, businesses and the citizens. a
number of issues have been tinted by the majority of the parties, predominantly the fundamental effect of GST on
the price of goods2
India espoused a dual GST model, meaning that taxation is administered by both the Union and State
Governments.
Transactions made within a single state will be levied with Central GST (CGST) by the Central Government and
State GST (SGST) by the government of that state. For inter-state transactions and imported goods or services, an
Integrated GST (IGST) is levied by the Central Government.
GST is a consumption-based tax, consequently, taxes are rewarded to the state where the goods or services are
consumed not the state in which they were produced.
IGST complicates tax collection for State Governments by disabling them to collect the tax owed to them
directly from the Central Government. Under the earlier system, a state would have to only deal with a single
government in order to collect tax revenue.
A diagrammatic representation of the working of the Dual GST model within a State is shown in Figure 1 below.
SOURCE: gstindia.com/
Figure 1: GST within State
A diagrammatic representation of the working of the IGST model for inter-State transactions is shown in Figure
2 below.
ISSN 1943-023X 501
Received: 5 Feb 2018/Accepted: 15 Mar 2018
3. Jour of Adv Research in Dynamical & Control Systems, Vol. 10, 03-Special Issue, 2018
gstindia.com/
Figure 2
Benefits of GST
Get rid of the cascading effects of taxes.
Tax rates would be reasonably lower.
Reduce tax elusion and amplify the revenue and GDP by broadening the tax base.
There would be flawless flow of the input tax credit.
Price of the goods and the services would descend.
There would competent supply chain management.
It would encourage the shift from unorganized sector to organized sector.
It would abolish 17 indirect taxes and as a result the compliance cost would go down
II. Statement of the Problem
There is a lack of awareness among the general public towards GST. Even the professionals in the Indian
Financial System are having different perceptions in the concepts of GST. Therefore, it is the need of the hour to
have a study on the Engineering faculty perception towards GST.
III. Objectives of the Study
The following are the objectives of the study:
1. To know about GST and its implementation in India
2. To have a study on Engineering faculty perception towards GST
3. To provide suggestions based on the findings of the study.
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Received: 5 Feb 2018/Accepted: 15 Mar 2018
4. Jour of Adv Research in Dynamical & Control Systems, Vol. 10, 03-Special Issue, 2018
IV. Literature Review
Barhate (2017)3
found that people have no doubt at all concerning the anticipated benefits of GST. a good
number of respondents consider that GST will bring monetary gains to their business and do not expect any
noteworthy boost in tax compliance costs.
The lack of information coupled with the indifferences towards transformation may paralyze the speedy
execution of this system particularly in small towns where at rest not single compass reading programs have been
planned and accomplished till date by proficient authorities
(Shakdwipee, 2017)4
in his paper questioning the level of awareness towards GST among the small business
owners in Rajasthan state, found that the foremost areas to be alert include Training errors and Computer software
accessibility
(Mohamad Ali Roshidi Ahmad, 2016)5
in his shaping work concerning “Introducing the GST in Malaysia” stated
that government should have careful planning, comprehensive preparation, participation of community and
widespread public education program is the key success in the realization of GST for any country.
Marziana, Norkhazimah and Mohmad Sakarnor (2010)6
, the taxpayer perceptions allied with knowledge and
understanding. Studies conducted earlier showed that different views and opinions regarding the implementation of
GST and had misunderstandings of the insinuations on goods and services, business and economic development
(Nasir, 2015)7
divulge that tax confidence is the most influence factors to tax awareness. This means government
need extreme focus on publics’ knowledge and attitude towards the implementation of GST.
(Norsiah, 2002)8
. Positive attitude towards civilians concerning tax system is significant to make possible
individual have responsible towards progress of country.
V. Research Methodology
Research Method
Descriptive Research Method
In this study survey method is used.
Sampling Technique
A purposive-cum-convenient sampling method is used in selecting participants.
Population: The target population for this research is the Engineering faculty working in different Engineering
colleges in Guntur district of Andhra Pradesh, India.
Sample Size
A cluster sampling method is employed. 200 sample respondents are chosen on the basis of their being readily
available/accessible at GUNTUR, Andhra Pradesh, India.
Data Collection
It is a descriptive research, where the data is collected from both primary and secondary sources; the primary
sources are collection of opinions and behaviors of the population using a structured questionnaire and secondary
sources like previous researches in this field, various journals, books and websites.
Instruments Used
The researchers used the personally administrated and online survey questionnaires as a data collection method.
Statistical Tool
The data was analyzed using Ms Excel and presented in inform of chart and tables.
Need for the Study
There are many research projects regarding the civic awareness’ perception towards GST, civic Awareness, and
Impact of GST and so on. “A Study on engineering faculty perception towards Goods and Services Tax in Guntur
Region” is an untouched topic, hence the present study has been assumed to fill up that gap.
ISSN 1943-023X 503
Received: 5 Feb 2018/Accepted: 15 Mar 2018
5. Jour of Adv Research in Dynamical & Control Systems, Vol. 10, 03-Special Issue, 2018
VI. Limitations
The limitations of the study include.
• The area of the study is restricted to Engineering faculty only.
• The area of the study is restricted to Guntur district only.
• The researcher has collected data only from 200 Engineering faculty due to time constraint.
Classification of Respondents based on Age, Gender and Occupation
S.NO
PARTICULARS FREQUENCY PERCENTAGE CUMULATIVE
PERCENTAGE
1 AGE
18-25 YEARS 30 15 15
25-40 YEARS 90 45 60
40-60 60 30 90
60 AND ABOVE 20 10 100
Total 200 100 100
2 GENDER
MALE 144 72 72
FEMALE 56 28 100
Total 200 100 100
3 POSITION
Assistant Professor/Lecturers 105 52.5 52.5
Associate professor 50 25.0 77.5
professor 31 15.5 93.0
Research Scholar 14 7.0 100
Total
200 100 100
4 DEPARTMENT
Civil Engineering (CE) 41 20.5 20.5
Computer Science and Engineering (CSE) 71 35.5 56.0
Electronics and Communication
Engineering(ECE)
31 15.5 71.5
Electrical and Electronics Engineering (EEE) 24 12.0 83.5
Mechanical Engineering (ME) 33 16.5 100
TOTAL 200 100 100
Source: Field survey
An analysis of Table 1 shows the age distribution of the respondents. The table reveals that out of 200
respondents, majority 90(45.0%) are in the age group of 25-40 years, followed by 60 (30.0%) between 40-60 years.
30(15.0%) between 18-25 years, followed by 20(10.0%) are above 60 years and above.
An analysis of the table shows the sex distribution of the respondents. Out of 200 the respondents majority 144
(72 percent) are males and rest 56 (28 percent) are females.
An analysis of the table shows position of the respondents. Out of 200 respondents majority 105(52.5%)
respondents are assistant professors, followed by 50(25%) respondents position is associate professors, followed by
31 (15.5%) are professors,14(7%) are research associates, pursuing PhD in the study area
An analysis of the table shows the department of the respondents. Out of 200 respondents majority 71(35.5%)
respondents are working in Computer Science and Engineering (CSE). Department, followed by 41(20.5%)
respondents are working in Civil Engineering (CE), followed by 33 (16.5%) are in Mechanical department (ME),
31(15.5%) are working in Electronics and Communication Engineering (ECE), 24(12.0%) are working in Electrical
and Electronics Engineering (EEE) department in the study area.
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Received: 5 Feb 2018/Accepted: 15 Mar 2018
6. Jour of Adv Research in Dynamical & Control Systems, Vol. 10, 03-Special Issue, 2018
How do you get know about GST? From
S.No FACTOR FRIENDS/Relatives/peers Electronic media Print media Social media All
1 How do you get know about GST? 49(24.5%) 58(29.0%) 45(22.5%) 13(6.5%) 35(17.5%)
Source: Field survey
An analysis of the table shows the information sources about GST. Out of 200 respondents majority 58(29.0%)
respondents are known about GST through Electronic media, followed by 49(24.5%) respondents are known about
GST through friends/relatives/peers, followed by 45(22.5%) respondents are known about GST through Print media,
35(17.5%) are known about GST from all sources, followed by 13(6.5%) are known about GST from social media
in the study area.
Do you think all businesses need to be registered under GST?
S.No FACTOR Yes No
1 Do you think all businesses need to be registered under GST 184(92.0%) 16(8.0%)
Source: Field survey
An analysis of the table shows the all businesses need to be registered under GST. Out of 200 respondents
majority 1848(92.0%) respondents are said that registration needed for all businesses, followed by 16(8.0%)
respondents is said that registration is not required under GST under the study area.
Engineering faculty perception on the issue of GST
S.No FACTOR HIGHLY
AGREED
AGREED NEITHER AGREE
NOR DISAGREE
DISAGREE HIGHLY
DISAGREE
1 GST will result in a simple, transparent and
easy tax structure
49(24.5%) 58(29.0%) 45(22.5%) 35(17.5%) 13(6.5%)
2 GST will bring uniformity in tax rates with
only one or two tax rates across the supply
chain
48(24.0%) 54(27.0%) 40(20.0%) 32(16.0%) 26(13.0%)
3 GST will increase tax collections due to
wide coverage of goods and services
88(44.0%) 69(34.5%) 23(11.5%) 18(9.0%) 2(1.0%)
4 GST will reduce transaction costs for
taxpayers through simplified tax
compliance
48(24.0%) 39(19.5%) 88(44.0%) 21(10.5%) 4(2.0%)
5 GST cause a rise in the price of essential
commodities
86((43.0%) 65(32.5%) 45(22.5%) 2(1.0%) 2(1%)
6 GST affect e-commerce 31(15.5%) 32(16.0%) 79(39.5%) 23(11.5%) 35(17.5%)
7 GST going to make education cheaper 29(14.5%) 23(11.5%) 23(11.5%) 55(22.5%) 70(35.0%)
8 GST will not burden people 30((15.0%) 43(21.5%) 41(20.5%) 26(13.0%) 60(30.0%)
9 GST protects the low income earners 42((21.0%) 34(17%) 74(37.0%) 43(21.5%) 7(3.5%)
10 GST is the best tax system adopted by
many countries around the world
41(20.5%) 53(26.5%) 54(27.0%) 28(14.0%) 24(12.0%)
11 GST will
boost the Indian economy in the long run
85((42.5%) 61(30.5%) 33(16.5%) 19(9.5%) 2(1.0%)
12 GST will benefit Start-ups’ and SMEs 59(29.5%) 42((21.0% 43(21.5%) 32(16.0%) 24(12.0%)
Source: Field survey
An analysis of the diagram shows the GST will result in a simple, transparent and easy tax structure, majority
88(44.0%) are agree that GST will result in a simple, transparent and easy tax structure followed by 49(24.5%)
respondents are highly agreed, 45(22.5.%) respondents are neutral,35(17.5%) are disagree and 13(6.5%) strongly
disagree in study area. An analysis of the diagram shows the GST will bring uniformity in tax rates with only one or
two tax rates across the supply chain, majority 54(27.0%) are agree that GST will bring uniformity in tax rates
followed by 48 (29.0%) respondents are agreed, 40(20.0%) respondents are neutral, 32(16. 0%) respondents are
disagree, 26(13.0%) strongly disagree in study area.
An analysis of the diagram shows the GST will increase tax collections due to wide coverage of goods and
services, majority 88(44.0%) are highly agree that GST will increase tax collections followed by 69 (34.5.0%)
respondents are agreed, 23(11.5.0%) respondents are neutral, 18(9. 0%) respondents are disagree, 2(1.0%) strongly
disagree in study area.
An analysis of the diagram shows the GST will reduce transaction costs for taxpayers through simplified tax
compliance majority 88(44.0%) are neutral followed by 48 (24..0%) respondents are highly agreed, 39(19.5.0%)
respondents are agree, 21(10.5%) respondents are disagree, 4(2.0%) strongly disagree in study area.
ISSN 1943-023X 505
Received: 5 Feb 2018/Accepted: 15 Mar 2018
7. Jour of Adv Research in Dynamical & Control Systems, Vol. 10, 03-Special Issue, 2018
An analysis of the diagram shows the GST cause a rise in the price of essential commodities majority 86(43.0%)
are highly agreed followed by 65 (32.5%) respondents are agreed, 45(22.5.0%) respondents are neutral, 2(1.0 %)
respondents are disagree, 2(1.0%) strongly disagree in study area.
An analysis of the diagram shows the GST affect e-commerce majority 79(39.5.0%) are neutral followed by 32
(16.0%) respondents are agreed, 31(15.5.0%) respondents are highly agree, 35(17.5%) respondents are highly
disagree, 23(11.50%) strongly disagree in study area.
An analysis of the diagram shows the GST going to make education cheaper majority 70(35.0%) are highly
disagreed, followed by 55(22.5%) respondents are disagreed, 29(14.5.0%) respondents are highly agree, 23(11.5%)
respondents are agree, 23(11.50%) respondents are neutral in study area.
An analysis of the diagram shows the GST will not burden people majority 60(30.0%) are highly disagreed,
followed by 43(21.5%) respondents are agreed, 41(20.5.0%) respondents are neutral, 30(15.0%) respondents are
agree, 26(13.0%) respondents are disagree in study area.
An analysis of the diagram shows the GST protects the low income earners, majority 74(37.0%) are neutral
followed by 43 (21.5%) respondents are disagree, 34(17.0%) respondents are agree, 21(10.5%) respondents are
disagree, 7(3.5%) strongly disagree in study area.
An analysis of the diagram shows the GST is the best tax system adopted by many countries around the world,
majority 54(27.0%) are neutral followed by 53 (26.5%) respondents are agree, 41(20.5%) respondents are strongly
agree, 28(14.0%) respondents are disagree, 24(12.0%) strongly disagree in study area.
An analysis of the diagram shows the GST will boost the Indian economy in the long run , majority 85(42.5%)
are strongly agree that GST will bring boost Indian economy followed by 61 (30.5%) respondents are agree,
33(16.5%) respondents are neutral, 19(18. 5%) respondents are disagree, 2(1.0%) strongly disagree in study area.
An analysis of the diagram shows the GST will benefit Start-ups’ and SMEs, majority 59(29.5.0%) are highly
agree followed by 43 (21.50%) respondents are neutral 42(21.0%) respondents are agree, 32(16. %) respondents are
disagree, 24(12.0%) strongly disagree in study area.
VII. Findings
Majority 90(45.0%) are in the age group of 25-40 years, followed by 60 (30.0%) between 40-60 years.
30(15.0%) between 18-25 years, followed by 20(10.0%) are above 60 years and above.
Majority 144 (72 percent) are males and rest 56 (28 percent) are females.
Majority 105(52.5%) respondents are assistant professors, followed by 50(25%) respondents position is associate
professors, followed by 31 (15.5%) are professors,14(7%) are research associates, pursuing PhD in the study area
Majority 71(35.5%) respondents are working in Computer Science and Engineering (CSE), Department,
followed by 41(20.5%) respondents are working in Civil Engineering (CE), followed by 33 (16.5%) are in
Mechanical department (ME), 31(15.5%) are working in Electronics and Communication Engineering (ECE),
24(12.0%) are working in Electrical and Electronics Engineering (EEE) department in the study area.
Majority 88(44.0%) are agree that GST will result in a simple, transparent and easy tax structure followed by
49(24.5%) respondents are highly agreed, 45(22.5.%) respondents are neutral,35(17.5%) are disagree and 13(6.5%)
strongly disagree in study area.
Majority 54(27.0%) are agree that GST will bring uniformity in tax rates followed by 48 (29.0%) respondents
are agreed, 40(20.0%) respondents are neutral, 32(16. 0%) respondents are disagree, 26(13.0%) strongly disagree in
study area.
Majority 88(44.0%) are highly agree that GST will increase tax collections followed by 69 (34.5.0%)
respondents are agreed, 23(11.5.0%) respondents are neutral, 18(9. 0%) respondents are disagree, 2(1.0%) strongly
disagree in study area.
An analysis shows the GST will reduce transaction costs for taxpayers through simplified tax compliance
majority 88(44.0%) are neutral followed by 48 (24..0%) respondents are highly agreed, 39(19.5.0%) respondents
are agree, 21(10.5%) respondents are disagree, 4(2.0%) strongly disagree in study area.
An analysis shows the GST affect e-commerce majority 79(39.5.0%) are neutral followed by 32 (16.0%)
respondents are agreed, 31(15.5.0%) respondents are highly agree, 35(17.5%) respondents are highly disagree,
23(11.50%) strongly disagree in study area.
An analysis shows the GST going to make education cheaper majority 70(35.0%) are highly disagreed, followed
by 55(22.5%) respondents are disagreed, 29(14.5.0%) respondents are highly agree, 23(11.5%) respondents are
agree, 23(11.50%) respondents are neutral in study area.
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8. Jour of Adv Research in Dynamical & Control Systems, Vol. 10, 03-Special Issue, 2018
An analysis of the shows the GST will not burden people majority 60(30.0%) are highly disagreed, followed by
43(21.5%) respondents are agreed, 41(20.5.0%) respondents are neutral, 30(15.0%) respondents are agree,
26(13.0%) respondents are disagree in study area.
An analysis of the diagram shows the GST protects the low income earners, majority 74(37.0%) are neutral
followed by 43 (21.5%) respondents are disagree, 34(17.0%) respondents are agree, 21(10.5%) respondents are
disagree, 7(3.5%) strongly disagree in study area.
An analysis of the shows the GST is the best tax system adopted by many countries around the world, majority
54(27.0%) are neutral followed by 53 (26.5%) respondents are agree, 41(20.5%) respondents are strongly agree,
28(14.0%) respondents are disagree, 24(12.0%) strongly disagree in study area.
An analysis of the shows the GST will boost the Indian economy in the long run , majority 85(42.5%) are
strongly agree that GST will bring boost Indian economy followed by 61 (30.5%) respondents are agree, 33(16.5%)
respondents are neutral, 19(18. 5%) respondents are disagree, 2(1.0%) strongly disagree in study area.
An analysis of the shows the GST will benefit Start-ups’ and SMEs, majority 59(29.5.0%) are highly agree
followed by 43 (21.50%) respondents are neutral 42(21.0%) respondents are agree, 32(16. %) respondents are
disagree, 24(12.0%) strongly disagree in study area.
VIII. Suggestions
The following are the suggestions of the study: 1. it is suggested that the awareness towards GST should be
provided to the faculty. 2, Faculty is not fully aware and some faculty is not having good perceptions about GST and
its benefits. Some of the faculty are neither positive nor negative perceptions about GST because of lack of
awareness, 2. It is also suggested that the government should come forward to take some innovative and creative
programs with respect to the new GST Bill and screen the same in colleges, universities 3. The educated faculty
always provides awareness to the students so as to promote economic development and overall growth of the nation.
4. Even the professionals and the students are not aware of the various important issues in the new GST, so the
Government should take necessary steps to make familiarize the concepts of the new GST Bill in India by educating
faculty.
IX. Conclusion
The Engineering faculty is not fully aware of the concepts of GST. The Indian government should make clear to
highly intellectual people of country like faculty, doctors, lawyers and charted accountants about the GST and its
implementation and benefits of GST The government of India has to take initiations to remove negative perceptions
and apprehensions of faculty by conducting different awareness programs in educational institutions. The As for the
educational context, it is important for policymakers to incorporate basic education of GST in higher education
institutions with the objective to educate faculty. The educated faculty creates awareness among students and the
future generation to improve their perception towards the system.
The review suggested that there is a significant need for the Indian government to put in more effort to ensure
that faculty have a clear understanding and develop a positive perception towards GST, leading to its acceptance.
Good understanding among faculty is important as it can generate a positive perception towards the taxation policy
and make students to aware about GST.
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ISSN 1943-023X 508
Received: 5 Feb 2018/Accepted: 15 Mar 2018