A study of Perceived Impact of Goods and Services Tax (GST) on Common People in Pune

Neelam Singh; Vaishali Patil

Volume : VII, Issue : IV, April - 2018

A study of Perceived Impact of Goods and Services Tax (GST) on Common People in Pune

Neelam Singh, Vaishali Patil

Abstract :

Goods and Services Tax is a momentous reform which has been implemented by the Government of India in the second quarter of the financial year 2017–18.The main objective of this new tax regime is to make the tax structure rational, fair and taxpayer friendly and also amalgamate the various Central and States taxes into a single tax and mitigate the cascading or double taxation issues and move towards a unified common national market.GST is a very vital step in the field of indirect tax reforms and has ought about significant changes in the Indian economy particularly in business transactions and tax administration system and has drastically impacted not only the industries, businessmen, taxpayers but also the general public. Thus, on this premise a research study is undertaken to present a ief overview of Goods and Services Tax and examine the perceived impact of implementation of Goods and Services tax on common people in India, particularly in Pune region. The study is based on primary as well as secondary data. A well structured questionnaire is used to collect responses from 120 respondents through random sampling method.