GST- Awareness, Perception and Practical Difficulties of Retail Traders in North Gujarat

Abstract

"One Nation One Tax" - The Goods and Service Tax has become the prominent topic discussed since its implementation in India on 1st July 2017. It is a comprehensive, multi -stage, destination based tax which is levied on every value addition .The new tax policy has brought significant changes to the existing tax system and business transactions. Even though the impact of GST on retail sector is positive from both taxation and operations point of view, the implementation risks remain due to the complexities of adopting the new system.
The study seeks to evaluate the awareness, perception, practical difficulties amongst retail traders after implementation of new tax system. For the purpose of the study the samples data of 100 retailors were collected from the retail traders of North Gujarat (Unjha, Visnagar and Mehsana) and the collected data were analyzed using statistical techniques such as ANOVA and Regression.