Application of Goods and Services Tax (GST) in India (with Reference to Perception of Consumer in Chennai City)
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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.