Awareness and Understanding of GST among Indian Consumers: An Empirical Study

Ms. Lovleen Gupta; Dr. Akash Agarwal

doi:https://doi.org/10.17492/vision.v4i02.11777

Submit Manuscript Login / Register Subscribe

Home Page

Editorial Advisory Board

Mission, Aims & Scope

Current Issue

Awareness and Understanding of GST among Indian Consumers: An Empirical Study

Lovleen Gupta, Akash Agarwal

Vol 4, Issue 2, July - December 2017 | Pages: 102-111 | Research Paper

Article has been added to the cart.View Cart (0)

https://doi.org/10.17492/vision.v4i02.11777

Published Online: November 30, 2017

Author Details ( * ) denotes Corresponding author

1. * Lovleen Gupta, Assistant Professor, Department of Commerce, Hindu College, University of Delhi, Delhi, Delhi, India (lovleen15_gupta@yahoo.co.in)

2. Akash Agarwal, Assistant Professor, Department of Applied Science, Rajkiye Engineering College, Kannauj, Uttar Pradesh, India (dr.akaskagl@gmail.com)

The Goods and Services Tax (GST), India's biggest tax reform since Independence emerged as a game changer and seems to be the masterstroke for economic alignment. The 122^nd Constitutional amendment made it possible to introduce new tax regime to fix the gaps in the existing system which is estimated to make an incremental growth of 2% in GDP. In order to investigate the success and effectiveness of the GST, the present research work explores the level of understanding, awareness and acceptance of GST among Indian consumer. Furthermore, the article also investigates the GST effect on spending behaviour of public at large. The primary data was collected from 312 respondents using random sampling from different parts of the country but only 200 responses were found fit for the study. The result shows that consumers, by and large, are acquainted with the GST structure. Moreover, study also reveals that no significant correlation exists between GST tax structure and spending behaviour of respondents.

Keywords

Goods and Services Tax (GST); Reliability analysis; Consumer; India

Auerbach, A. J., Laurence J. K. &, Jonathan, S. (1983). The efficiency gains from dynamic tax reform. International Economic Review, 24(1), 81-100.
Bollard, A.E. (1992). New Zealand’s experience with consumption tax. New Zealand Institute of Economic Research Working Paper 92/1.
Gupta, S. (2016). Goods and services tax (GST): A comprehensive and uniform indirect tax reform in India. VISION: Journal of Indian Taxation, 3(2), 31-53.
Jain, S. (2016). Constitutional provisions pertaining to taxes and its implication for GST. VISION: Journal of Indian Taxation, 3(2), 54-80.
Mohanty, P. &, Chandran, A. (2017). GST and the paradigm shift: A peripheral view. VISION: Journal of Indian Taxation, 4(1), 51-67
Muthupandi, S. &, Xavier, A.J. (2017). Awareness of implementation of goods and services tax (GST) among college students’ in Sivakasi. International Journal of Engineering Science and Computing, 7(4), 01-06.
Pabreja, K. (2017). GST sentiment analysis using twitter data. International Journal of Applied Research, 3(7), 660-662.
Saravanan, S. &, Chander Mohan, K. (2017). Assessment and impact of existing indirect tax to goods and service tax in India. International Journal of Scientific Research in Computer Science, Engineering & Information Technology, 2(3), 623-629.