Vendor’s Awareness About the Fairness of GST

Authors

  • Dr. P. Praveen Kumar, R. J. Rishi, R. Praveen Ganesh

Abstract

The main objective of developing GST is to sort of all indirect taxes in India such as VAT, Sales tax, Exercise duty, Service tax etc. and gives equal taxation system in India. Every time, tax payers may look for the reforms in the taxation system to get a benefit out of it. Meanwhile, GST has been created with such provisions and provides the equal tax rate in India. In India, there are more numbers of people pay tax, this probably may increase the tax revenue in the future. Henceforth, GST results in increase in productivity and also increase in GDP and revenue surplus.  It reduces corruption and tax evasion. There will be equal in registration and also in payment. Unhealthy competition will be prevented among status. The present literature collects information from 75 goods vendors about the fairness of GST and their spending attitudes. It concludes that vendors feel GST enables transparency and they are highly interested in credit purchases.

Published

2020-02-29

Issue

Section

Articles