Application of Goods and Services Tax (GST) in India (With Reference to Perception of Consumer in Chennai City)
R. M. Duraiarasan1, M. Ramila2
1Dr. R. M. Duraiarasan, Assistant Professor, Department of Commerce, Patrician College of Arts & Science, Adyar, Chennai (Tamil Nadu), India.
2Dr. M. Ramila, PG Research, Assistant Professor, Department of Commerce, Guru Nanak College, Velacherry, Chennai (Tamil Nadu), India.
Manuscript received on 01 December 2019 | Revised Manuscript received on 22 December 2019 | Manuscript Published on 31 December 2019 | PP: 323-328 | Volume-8 Issue-4S3 December 2019 | Retrieval Number: D10691284S319/2019©BEIESP | DOI: 10.35940/ijrte.D1069.1284S319
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© The Authors. Blue Eyes Intelligence Engineering and Sciences Publication (BEIESP). This is an open access article under the CC-BY-NC-ND license (http://creativecommons.org/licenses/by-nc-nd/4.0/)
Abstract: The main objective of taxation is to raise revenue for the State. It is an effective tool to achieve higher level of economic development. In India, presentation of Value Added Tax (VAT) at the Central and the State level has been viewed as a noteworthy advance of roundabout duty changes. If the VAT is a major improvement at the national level and the business charge framework at the State level, at that point the Goods and Services charge (GST) is an extra significant towards an indirect tax reforms for India. Under the GST regime, there is no difference is made between goods and services for levying of tax. It draw in a similar pace of assessment. This investigation, unmistakably display the mindfulness level of buyers towards GST and its utilization and advantage.
Keywords: VAT, Economic Development, GST Regime, Awareness, Usage and Benefit.
Scope of the Article: Perception and Semantic Interpretation