Perception Level of GST (Goods and Services Taxes): A Pilot based Survey
Examining the degree to which GST is perceived is the study’s major goal. 200 questionnaires were used to perform the main survey, and 153 participants answered them. Utilizing a virtual platform, data were gathered (Monkey survey and Google form). When the assumptions (Hypothesis) were put to the test, the majority of respondents (85.50%) accepted the lower-rate GST (<10%). While several nations around the world have implemented the GST at a lower rate, Government of India has directly implemented at the highest rate (18 –28%), which has had a major long-term impact on the Indian economy (R2=0.93, P = 0.01). The majority of respondents (19.61%) were in favour of VAT, while only (3.27%) were in favour of GST. At the 1% level of significance, it was concluded that none of the assertions were related to either GST or VAT (Z= 4.49, P=0.001). Both manufacturers and consumers will be hamper if the price of the goods and services tax is continually raised.
Copyright (c) 2022 DM Basavarajaiah, H Arunkumar, PM Keerthana, GH Hemantha Kumar, B Narasimhamurthy
This work is licensed under a Creative Commons Attribution-ShareAlike 4.0 International License.