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A

PROJECT REPORT
ON

“IMPACT OF GST ON ACCURATE CONSULTANCY”

FOR
ACCURATE CONSULTANCY

SUBMITTED TO
SAVITRIBAI PHULE PUNE UNIVERSITY
IN PARTIAL FULLFILMENT OF TWO YEARS FULL TIME
MASTERS DEGREE IN BUSINESS ADMINISTRATION (MBA)

SUBMITTED BY
RANJIT JAWALKAR
(BATCH – 2021-23)

GUIDED BY
PROF._______________

JSPM’s
JAYAWANTRAO SAWANT COLLEGE OF ENGINEERING
MBA DEPARTMENT
HADAPSAR, PUNE- 411028
COLLEGE CERTIFICATE:
COMPANY CERTIFICATE:
ACKNOWLEDGEMENT

It is my privilege to express gratitude & sincere thanks to JSPM’s Jayawantrao Sawant


College of Engineering, MBA Department, Hadapsar, Pune for giving me an opportunity to
undertake the summer internship project report on the topic “Impact Of Gst On Accurate
Consultancy.”

I express sincere thanks to my project guide, Mr./Dr./Ms./Mrs. …, (Designation)…………..


(Department), for guiding from the inception till the successful completion of the project.

I sincerely acknowledge him/her for extending his/her valuable guidance, support for
literature, critical reviews of projects & researches and above all the moral support he/she
provided to me at all stages of this project.

(Signature of Student)
Ranjit Jawalkar
MBA (Batch 2021-2023)

DECLARATION
I, Ranjit Jawalkar, studying in the second year of Master of Business Administration
(MBA) at Jayawantrao Sawant College of Engineering (MBA Department), Hadapsar,
Pune, hereby declare that I have completed the Summer Internship Project titled “Impact
Of Gst On Accurate Consultancy” as a part of the course requirements for Master of
Business Administration (MBA) Program.

I also declare that the work undertaken by me is original and has not been copied from any
other source. I further declare that the information presented in this project is true and
original and has not been submitted to JSCOE or any other Institute for any other
examination, before this. It is based on the original research work and will be used only for
the academic purpose. It will not be produced in any condition as a source of information to
an industry.
Date: Signature
Place: Ranjit Jawalkar
MBA (Batch 2021-
2023)
EXECUTIVE SUMMARY:

Chapter 1:
Chapter 1 is about Introduction on GST.

Chapter 2:
Chapter 2 is about Research objectives & Scope of the study.

Chapter 3:
Chapter 3 included sector profile , company profile & product profile.

Chapter 4:
In this research project chapter 4 contains information about the review of literature. This
chapter is various past research of well-known researchers is included which gives and
frame work for project report.

Chapter 5:
Chapter 5 is about Research Methodology includes, Source of data collection, Research
design, Sample size, Sampling techniques & etc.

Chapter 6:
This chapter is all about Data Analysis and Interpretation.

Chapter 7, 8 & 9:
The Findings, Suggestions and Limitation of the study are presented in chapter 7, 8 & 9.

Chapter 10 & 11:


Chapter 10 & 11 presents the overall project's conclusion, bibliography, and annexure.
INDEX:
Chapter Particulars Page No.
Chapter 1 Introduction
Chapter 2 Objectives & Scope of the project
Chapter 3 3.1 Sector Profile
3.2 Company Profile
3.3 Product Profile
Chapter 4 Theoretical Background
Chapter 5 Research Methodology
Chapter 6 Data Analysis & Interpretation
Chapter 7 Findings
Chapter 8 Recommendations / Suggestions
Chapter 9 Limitations of the project
Chapter 10 Conclusion
Chapter 11 Bibliography
Annexure
Chapter 1
INTRODUCTION

The GST is also known as the Goods and Services Tax is done to furnish a much crucial
incentive to economic development in India by revamping the prevailing indirect tax basis
into the unrestricted ebb or flow of goods and assistance in the country’s economy and
eliminating the tax-on-tax knock-on impact.
GST furthermore comprehended as Goods and Services Tax, is interpreted as an enormous
erratic tax configuration constructed to benefit and facilitate the economic development of a
nation. To date, over 150 nations have executed GST. Nonetheless, the notion of GST in
India was recommended by the Vajpayee regime in 2000 and a similar constitutional
modification was approved by Lok Sabha on May 6, 2015, but has not been endorsed by
Rajya Sabha. Regardless, there are tremendous voices against its enactment.
GST can be explained as a kind of tax that can be applied throughout India. It has impacted
the Indian economy in a lot of ways. Firstly, it can be said that GST helped in the economic
development of the country. It helped in decreasing the charges for services and goods. To
understand the impact of GST on the Indian economy it can be said that GST can be useful
for enhancing the FDI’s flow. In the long run, GST can help increase the revenue of the
Government. The ease with which businesses are done in India can also be facilitated
through GST. Further, GST may also help create more opportunities in terms of
employment. Apart from all these points, with the help of GST, a sort of transparency can
be found in the whole system such that the buyers would know about the taxes that they are
paying and what is the basis for these taxes. 
It may be said that with the help of GST, facilitation of economic growth is expected in
India. The positive impact of GST on the Indian economy can be by creating a system of
transparency in the sales process. Further, ease in doing businesses can be there since with
the help of GST the requirement for paying various diverse taxes in diverse states. Thus,
with this, the positive impact of GST can be understood. On the other hand, the negative
impact of GST can be such that certain sectors may be at loss because of the increased price
of their commodities. 
GST is levied on every stage of manufacturing and sales of goods and services across India.
This tax is levied when the goods or services are consumed. There are three subcategories to
GST-

CGST (Central Goods and Services Tax) is collected by the Central Government on
interstate sale of goods and services.

SGST (State Goods and Services Tax) is collected by the State Government on intrastate
sales.

IGST (Integrated Goods and Services Tax) is collected when a supply of products and
services is supplied from one state to another. The taxes collected are shared both by the
Central and State Government.

With this brief idea, let's go through the impacts of GST on the Indian economy -

1. Simpler tax structure

With GST, the taxation system of our country has become simpler. It is a single tax,
ensuring easier calculation. With this tax, the buyer gets a clear idea of the amount paid as
tax when purchasing certain products. This is crucial when considering GST and its impact
on the GDP.

2. More funds for production

Another effect of GST on the Indian economy has been the reduction in the total taxable
amount. This saved fund can again be invested back into the production cycle to foster
production.

3. Support for small and medium enterprises

Based on the size of your organization, the amount of GST depends on your firm's annual
turnover, provided you have been registered under the Composition Scheme introduced by
GST. Enterprises with a yearly turnover of 50 lakhs have to pay 6% GST whereas
enterprises with 1.5 crores worth of turnover have to pay 1% GST.
4. Increased volume of export

When considering GST and its impact on the Indian economy, customs duty on exporting
goods has reduced. So now production units save money while producing goods and also
while shipping them. This two-way savings has lured many production units to export their
goods, increasing the export quantity.

5. Enhanced operations throughout India

With a unified taxation system, transporting goods around India has now become easy,
boosting operations throughout the country.

6. No more cascading effect

With GST, taxes of the State and Central Government have been merged. This has removed
the cascading effect of taxes, reducing the burden on the buyer and the seller. So even if it
may look like one big chunk of tax to be paid, you pay lesser hidden taxes.

The e-commerce sector in India has been growing by leaps and bounds. In many ways, GST
will help the e-com sector’s continued growth but the long-term effects will be particularly
interesting because the GST law specifically proposes a Tax Collection at
Source(TCS) mechanism, which e-com companies are not too happy with. The current rate
of TCS is at 1%.
Chapter 2
OBJECTIVES & SCOPE OF THE PROJECT:

2.1 Research Objectives:


1. To study the concept of Goods and Services Tax (GST) and its impact on Accurate
Consultancy.
2. To understand how GST will work in India.
3. To know the advantages and challenges of GST in Indian context.
4. To know the benefit of goods and service tax to economy, business and the industry and
consumers.
2.2 Scope of the study:
The Survey is conducted in all over the India's many largest States and cities by the
questionnaire with the help of internet and I distributed the questionnaire threw the internet
(Social Media, Mails Etc.) to understand the "IMPACT OF GST ON Accurate
Consultancy."
Chapter 3

3.1 Sector/Industry Profile


The idea of moving towards GST was first mooted by the then Union Finance Minister in
his Budget speech for 2006-07. Initially, it was proposed that GST would be introduced
from 1st April 2010.The Empowered Committee of State Finance Ministers (EC) which had
formulated the design of State VAT was requested to come up with a roadmap and structure
for GST. Joint Working Groups of officials having representatives of the States as well as
the Centre were set up to examine various aspects of GST and draw up reports specifically
on exemptions and thresholds, taxation of services and taxation of inter-State supplies.
Based on discussions within and between it and the Central Government, the EC released its
First Discussion Paper (FDP) on the GST in November, 2009. This spelt out features of the
proposed GST and has formed the basis for discussion between the Centre and the States so
far.
The introduction of the Goods and Services Tax (GST) is a very significant step in the field
of indirect tax reforms in India. By amalgamating a large number of Central and State taxes
into a single tax, GST will mitigate ill effects of cascading or double taxation in a major
way and pave the way for a common national market. From the consumers point of view,
the biggest advantage would be in terms of reduction in the overall tax burden on goods,
which is currently estimated to be around 25%-30%. It would also imply that the actual
burden of indirect taxes on goods and services would be much more transparent to the
consumer. Introduction of GST would also make Indian products competitive in the
domestic and international markets owing to the full neutralization of input taxes across the
value chain of production and distribution. Studies show that this would have a boosting
impact on economic growth. Last but not the least, this tax, because of its transparent and
self-policing character, would be easier to administer. It would also encourage a shift from
the informal to formal economy. The government proposes to introduce GST with effect
from 1st July 2017.
GST and Centre-State Financial Relations
Currently, fiscal powers between the Centre and the States are clearly demarcated in the
Constitution with almost no overlap between the respective domains. The Centre has the
powers to levy tax on the manufacture of goods (except alcoholic liquor for human
consumption, opium , narcotics etc.) while the States have the powers to levy tax on sale of
goods. In case of inter-states sales, the Centre has the powers to levy a tax (the Central Sales
Tax) but, the tax is collected and retained entirely by the originating States. As for services,
it is the Centre alone that is empowered to levy Service Tax. Since the States are not
empowered to levy any tax on the sale or purchase of goods in the course of their
importation into or exportations from India, the Centre levies and collects this tax in
addition to the Basic Customs Duty. This additional duty of customs (commonly known as
CVD and SAD) counterbalance excise duty, sales tax, State VAT and other taxes levied on
the like domestic product. Introduction of GST required amendments in the Constitution so
as to empower the Centre and the States concurrently to levy and collect GST.
The assignment of concurrent jurisdiction to the Centre and the States for the levy of GST
required a unique institutional mechanism that would ensure that decisions about the
structure, design and operation of GST are taken jointly by the two. To address all these and
other issues, the Constitution (122nd Amendment) Bill was introduced in the 16th Lok
Sabha on 19.12.2014. The Bill provides for a levy of GST on supply of all goods or services
except alcohol for human consumption. The tax shall be levied as Dual GST separately, but
concurrently the Union (CGST) and the States (SGST). The Parliament would have
exclusive power to levy GST (IGST) on inter state trade or commerce (including imports) in
goods and services. The Central Government will have the power to levy excise duty in
addition to GST, on tobacco and tobacco products.
The constitution Amendment Bill was passed by the Lok Sabha in May, 2015. The Bill with
certain amendments was finally passed in the Rajya Sabha and thereafter by the Lok Sabha
in August, 2016. Further, the Bill has been ratified by the required number of States and has
since received the assent of the President on 8th September,2016 and has been enacted as
the 101st Constitution Amendment Act, 2016. The GST Council has also been notified
w.e.f. 12th September,2016. GST Council is being assisted by a Secretariat.
The Goods and Service Tax Council (hereinafter referred to as, “GSTC”) comprises of the
Union Finance Minister, the Minister of State(Revenue) and the State Finance Ministers to
recommend on the GST rate, exemption and thresholds, taxes to be subsumed and other
matters. One-half of the total number of members of GSTC form quorum in meetings of
GSTC. Decision in GSTC are taken by a majority of not less than three-fourth of weighted
votes cast. Centre has one-third weightage of the total votes cast and all the states taken
together have two-third of weightage of the total votes cast.
All decisions taken by the GST Council has been arrived at through consensus. The option
of exercising a vote has not been resorted to till date
3.2 Company Profile
Accurate consultancy
Started by swapnil hole (owner)
Started in 2017
Provide tax advice to individual, business,and organisations on various tax issues.
Provide tax information, preparing and submitting tax return, representing clients in
disputes with the tax authorities .advising on tax planning.
3.3 Product Profile
Section 80C – Deductions on Investments 
Section 80C is one of the most popular and favourite sections amongst the
taxpayers as it allows to reduce taxable income by making tax saving
investments or incurring eligible expenses. It allows a maximum deduction of
Rs 1.5 lakh every year from the taxpayers total income. 
The benefit of this deduction can be availed by Individuals and HUFs.
Companies, partnership firms, LLPs cannot avail the benefit of this deduction. 
Section 80C includes subsections
80CCC, 80CCD (1) , 80CCD (1b) and 80CCD (2).

Section 80CCC – Insurance Premium /Section 80CCD – Pension


Contribution

Eg- If an individual is earning 10 lakh , he will be eligible to save as per slab


to save tax
on 250000 , rest on 750000 , 1.5 lakh he can save tax on investments , 50000
can be saved
on NPS. Remaining 6.5 lac , if the company provides Employers contribution
he will be eligible to
Take a benefit of 10% i.e 65000.
He will have to pay on the remaining 585000

Section 80GG – House Rent Paid


Deduction for House Rent Paid where HRA is not Received
a. Section 80GG deduction is available for rent paid when HRA is not
received. The taxpayer, spouse or minor child should not own residential
accommodation at the place of employment
b. The taxpayer should not have self-occupied residential property in any other
place
c. The taxpayer must be living on rent and paying rent
d. The deduction is available to all individuals

Section 80E – Interest on Education Loan


Deduction for Interest on Education Loan for Higher Studies
A deduction is allowed to an individual for interest on loans taken for pursuing
higher education. This loan may have been taken for the taxpayer, spouse or
children or for a student for whom the taxpayer is a legal guardian.
80E deduction is available for a maximum of 8 years (beginning the year in
which the interest starts getting repaid) or till the entire interest is repaid,
whichever is earlier. There is no restriction on the amount that can be claimed.

Section 80D – Medical Insurance


Deduction for the premium paid for Medical Insurance

You (as an individual or HUF) can claim a deduction of Rs.25,000


under section 80D on insurance for self, spouse and dependent children. An
additional deduction for insurance of parents is available up to Rs 25,000, if
they are less than 60 years of age. If the parents are aged above 60, the
deduction amount is Rs 50,000, which has been increased in Budget 2018 from
Rs 30,000.
In case, both taxpayer and parent(s) are 60 years or above, the maximum
deduction available under this section is up to Rs.1 lakh.
Example: Rohan’s age is 65 and his father’s age is 90. In this case, the
maximum deduction Rohan can claim under section 80D is Rs. 100,000.
From FY 2015-16 a cumulative additional deduction of Rs. 5,000 is allowed
for preventive health check.

Section 80DD – Disabled Dependent


Deduction for Rehabilitation of Handicapped Dependent Relative
Section 80DD deduction is available to a resident individual or a HUF and is
available on:
a. Expenditure incurred on medical treatment (including nursing), training and
rehabilitation of handicapped dependent relative
b. Payment or deposit to specified scheme for maintenance of handicapped
dependent relative.
i. Where disability is 40% or more but less than 80% – fixed deduction of
Rs.75,000.
ii. Where there is severe disability (disability is 80% or more) – fixed
deduction of Rs.1,25,000.
To claim this deduction a certificate of disability is required from prescribed
medical authority.
From FY 2015-16 – The deduction limit of Rs 50,000 has been raised to Rs
75,000 and Rs 1,00,000 has been raised to Rs 1,25,000.

Section 80U – Physical Disability


Deduction for Person suffering from Physical Disability
A deduction of Rs.75,000 is available to a resident individual who suffers from
a physical disability (including blindness) or mental retardation. In case of
severe disability, one can claim a deduction of Rs 1,25,000.
From FY 2015-16 – Section 80U deduction limit of Rs 50,000 has been raised
to Rs 75,000 and Rs 1,00,000 has been raised to Rs 1,25,000.

Section 80G – Donations


Deduction for donations towards Social Causes
The various donations specified in u/s 80G are eligible for deduction up to
either 100% or 50% with or without restriction.
From FY 2017-18 any donations made in cash exceeding Rs 2,000 will not be
allowed as deduction. The donations above Rs 2000 should be made in any
mode other than cash to qualify for 80G deduction.
Chapter 4
THEORETICAL BACKGROUND

4.1 REVIEW OF LITERATURE:


GST was first introduced by France in 1954 and now it is followed by 140 countries . Most
of the countries followed unified GST while some countries like Brazil , Canada follow a
dual GST system where tax imposed by central and state both. In India also dual system of
GST is proposed including CGST and SGST .
Govinda Rao (2009) “Goods and Service Tax – Some progress towards clarity” the author
in his article express his views on the first empowered committee report of state finance
ministers of Goods and Service tax to be implemented in India. He also explains salient
features, shortcomings of the proposed GST. He suggests that the proposed GST model
should overcome the shortcomings of VAT system. He alsothrowlight on the challenges
faced in the implementation of GST in India.
Ehtisham Ahmed and Satya Poddar (2009) studied “Goods and Service Tax Reforms and
Intergovernmental Consideration in India” and found that GST introduction will provide
simple and transparent tax system with increase in output and productivity of economy in
India. But the benefits of GST are critically dependent on rational designofGST.
(Saira et al, 2010) , Based on the history of the implementation by the other countries
around the world, most of the countries received a positive impact in terms of their revenue,
despite the success of GST implementation the Malaysian citizens still feel uncertain with
the GST, (Sairaetal, 2010). The findings from the study showed that the majority of
Malaysians not convinced with the GSTsystem,
Dr. R. Vasanthagopal (2011) , Conducted a study on , “ GST in India : A big leap in the
Indirect Taxation System” and concluded that switching to seamless GST from current
complicated indirect tax system in India will be positive step inbecoming Indian economy .
Success of GST will lead to its acceptance by more than 130 countries in world and a new
preferred form of Indirect Tax System in Asia also.
According to Torgler (2011) ,tax morale is important to taxpayer awareness. On the other
hand, research by Tekeli (2011) using multiple regression analysis show that tax morale has
insignificant relationship on tax awareness. A Tekeli (2011) conclusion is supported study
by regarding cause and consequences of tax morale.
Research by Mustapha and Palil (2011) , stated that the influence of compliance behavior
towards individuals’ awareness has been proven in various researches. From the findings of
Razak and Adafula (2013); Santi (2012) they found that taxpayers’ awareness is
significantly associated with tax compliance and this is also supported by study
Jatmiko(2006).
Dr. R. Vasanthagopal (2011) studied “GST in India: A Big Leap in the Indirect Taxation
System” and concluded that switching to seamless GST from current complicated indirect
tax system in India will be a positive step in booming Indian economy. Success of GST will
lead to its acceptance by more than 130 countries in world and a new preferred form of
indirect tax system in Asia also.
Dr. R. Vasanthagopal, (2011)“GST in India: A Big Leap in the Indirect Taxation System”,
found that the positive impacts are dependent on a neutral and rational design of the GST.
Balancing the conflicting interests of various stakeholders, complete political commitment
for a fundamental tax reform with a constitutional amendment, the method of valuation for
levying the tax is to be required.
Jana V. M., Sarma& V Bhaskar (2012) “A Road Map for implementation of Goods and
Service Tax”, from the study it is found that the steps to be undertaken to implement the
comprehensive tax system i.e., GST. The authors have thrown light on the constitutional
amendment required for the implementation of GST in India.
Beri Yogita (2012) “Problems and Prospects of Goods and Services Tax (GST) in India” in
this article the author say that India has witnessed with number of tax reforms since
Independence. The implementation of GST will become major indirect reform in India
though is subsumes many existing indirect taxes like central excise duty, customs duty,
service tax, additional duties etc. by implementation of GST there will be levy of central
taxes both on goods and services which integrates and widen the tax base.
Saayed Mohd Ali Taqvi (2013) studied the challenges and opportunities of Goods and
Service Tax in India. He explained that GST is only indirect tax that directly affects all
sectors and sections of our country. It is aiming at creating a single, unified market that will
benefit both corporates and economy. He also explained the proposed GST model will be
implemented parallel by the central and state governments as Central GST and
StateGSTrespectively.
Pall et al. (2013) , study by using multiple regression analysis, the researchers found out that
there are significant relationship between awareness and tax knowledge. When individuals
have knowledge related to the tax systems, people will be more willing to respect the tax
systems and improved individuals’ awareness. Further, Jatmiko (2006) also conclude that
awareness can be developed from the knowledge and the understanding. Palil et al. (2013)
and Jatmiko conclusions is also supported study by Tayib (1998) identified that individuals’
awareness towards the tax system can increase when the individuals has knowledge about
the tax. This makes tax knowledge and tax awareness has significant relationship and when
the individuals or the taxpayers have knowledge about it and it will make it easier for them
to study and follow the tax rules.
Djawadi and Fahr ( 2013) , This study is pointed out that knowledge about tax is important
to increase the thrust of authorities and citizens. The researcher used structure equation
modelling to examine the relationships between tax awareness and tax knowledge and
researcher found that tax knowledge has positive relationship with tax awareness . Hence,
taxpayers will be more aware about tax system when they have knowledge and
understanding towards the tax system.
AgogoMawuli (2014) studied “Goods and Service Tax-An Appraisal” and found that GST
is not good for low-income countries and does not provide broad based growth to poor
countries. If still these countries want to implement GST then the rate of GST should be less
than 10% for growth. Jaiprakash ( 2014) in his research study mentioned that the GST at the
Central and the State level are expected to give more relief to industry, trade, agriculture
and consumers through a more comprehensive and wider coverage of input tax set-off and
service tax setoff, subsuming of several taxes in the GST and phasing out of CST.
Responses of industry and also of trade have been indeed encouraging. Thus GST offers us
the best option to broaden our tax base and we should not miss this opportunities to
introduce it when the circumstances are quite favorable and economy is enjoying steady
growth with only mild inflation.
Nitin Kumar (2014) studied “Goods and Service Tax- A Way Forward” and concluded that
implementation of GST in India help in removing economic distortion by current indirect
tax system and expected to encourage unbiased tax structure which is indifferent to
geographical locations. Nishitha Guptha (2014) in her study stated that implementation of
GST in the Indian framework will lead to commercial benefits which were untouched by the
VAT system and would essentially lead to economic development. Hence GST may usher
in the possibility of a collective gain for industry, trade, agriculture and common consumers
as well as for the Central Government and the State Government.
SaravananVenkadasalam (2014) analyzed the post effect of the goods and service tax (GST)
on the national growth on ASEAN States using Least Squares Dummy Variable Model
(LSDVM) in his research paper. He stated that seven of the ten ASEAN nations are already
implementing the GST. He also suggested that the household final consumption expenditure
and general government consumption expenditure are positively significantly related to the
gross domestic product as required and support the economic theories. But the effect of the
post GST differs in countries. Philippines and Thailand show significant negative
relationship with their nation’s development. Meanwhile, Singapore shows a significant
positive relationship.
GirishGarg, (2014) - “Basic Concepts and Features of Good and Service Tax in India”, it is
found that GST is the most logical steps towards the comprehensive indirect tax reform in
our country since independence. GST will create a single, integrated Indian market to make
the economy stronger. Under GST, the taxation burden will be divided equitably between
manufacturing and services, through a lower tax rate by increasing the tax base and
minimizing exemptions. Through this it is likely to improve tax collections and Boost
India’s economic development by breaking tax barriers between States and integrating India
through a uniform tax rate. Pinki, Supriya Kamna & RichaVerma (2014) Goods and Service
Tax - Panacea for Indirect Tax System in India “it is found that the GST is India’s most
ambitious indirect tax reform plan, which aims at removing the cascading effect of tax. The
movement of GST was declared in 2008 and supposed to be in force by 2010. Due to
various reasons it could not be in force. GST has been implemented in more than 150
countries which will leads to economic growth of the country.
Pinky Supriya Kamma and Richa Verma ( July 2014) studied, “ Goods and Service Tax “
Panacea for indirect tax system in india “ and concluded that the new NDA government in
India’s positive towards implementation GST and it is beneficial for central government ,
state government and as well as for consumers in long run if its implementations backed by
strong it infrastructure.
Agogo Mawuli (May 2014) studied , “ Goods and Service Tax An Appraisal “ and found
that GST is not good that low income countries and does not provide broad based growth to
poor countries. If still countries want to implement GST then the rate of GST should be less
than 10 % for growth. Boonyarat et al. (2014), the researcher used Structure Equation
Modeling (SEM) to examine the relationships between tax awareness and tax knowledge
and the researcher found out that tax knowledge has positive relationship with tax
awareness. Hence, taxpayers will be more aware about tax system when they have
knowledge and understanding towards the tax system. Nishitha Guptha (2014) in her study
stated that implementation of GST in the Indian framework will lead to commercial benefits
which were untouched by the VAT system and would essentially lead to economic
development.
Jai Parkash ( 2014) . in his research study mentioned that the GST at the Central and the
State level are expected to give more relief to industry, trade, agriculture and consumers
through a more comprehensive and wider coverage of input tax set-off and service tax set
off, subsuming of several taxes in the GST and phasing out of CST.
Venkadasalam (2014) ,has analyzed the post effect of the goods and service tax (GST) on
the national growth on ASEAN States using Least Squares Dummy Variable Model
(LSDVM) in his research paper. He stated that seven of the ten ASEAN nations are already
implementing the GST. He also suggested that the household final consumption expenditure
and general government consumption expenditure are positively significantly related to the
gross domestic product as required and support the economic theories. But the effect of the
post GST differs in countries.
International Journal of Scientist research and management (2014) ,GirishGargh Assistant
Professor from PGDAV College University of Delhi has published paper titled Basic
Concepts and Features of good and service tax in India. In this paper he has given the
outline of GST and what does this tax system wants to achieve with threats and challenges
opportunities that the free market economy canbring.
ShefaliDani (2015) has suggested that GST administration is an irresolute endeavor to
legitimize backhanded expense structure. Roughly more than 150 nations have executed
GST idea. The legislature of India must examination the GST administration set up by
different nations and furthermore their aftermaths previously actualizing GST. IT is the
need of hour that, the legislature must make an endeavor to protect the huge poor populace
of India, against the expansion because of execution of GST. GST will disentangle its
current roundabout duty framework and shouldexpel wasteful aspects made by the current
heterogeneous expense framework, just if there is a reasonable agreement over issues of
edge constrain, income rate, and incorporation of oil based commodities, power, alcohol
and land.
SrinivasK. R (2016) in his article “Issues and Challenges of GST in India” mentioned that
central and state governments are empowered to levy respective taxes as per the Indian
constitution which is likely to change the complete scenario of present indirect taxation
system. GST will be a compressive indirect tax structure on manufacture, sales and
consumption of goods and services throughout India, to replace the various indirect taxes
levied by the both the governments.
Mohammad Ali Roshidi (2016) ,conduct a study on “ Awareness and
perceptionoftaxpayerstowardsGoodsandServiceTaximplementation.Thestudyattemptsto find
out what level of awareness and perception to GST taxpayers in Malaysia. This study only
consist of 256 civil service servants of the secondary school teachers in the kaulakangsar,
Perak. Data collected using questionnaire. The result shows that moderate and majority of
respondents give a high negative perception to the GST. The eventually causes the majority
of respondents did not accept implementation of GST in Malaysia. International Journal of
innovative studies in sociology and humanities (2016) , A study on impact of GST after
implementation Milan-deep Kour and his co-authors Assistant Professor from Eternal
University himachal Pradesh talks about the impact of GST and implementation of it, its
benefit and challenges. He also emphasizes that GST is going to change things in
currentsituation.
Ahamd et al. (2016) ,found that the level of awareness of the GSTis still not reached a
satisfactory level. This is because the study involved only general questions that should be
known by the respondents as end users. This cause the respondents gave high negative
perception of the impact of implementation of GST. The respondents received less
information and promotion of the authorities. Most of the respondents were unclear whether
the goods and services are not subject to GST. Furthermore, due to the lack of information
on GST, the respondents had a high negative perception. Therefore, the government must
convince that GST will not have a lasting impact on the public as particularly convincing
end users that no increase in prices of goods and services.
Poonam (2017) in her study cleared that in the system of indirect taxation GST plays a very
important role. The cascading and double taxation effects can be reduced by combing
central and state taxes. Consumer’s tax burden will approximately reduce to 25% to 30%
when GST is introduced and then after Indian manufactured products would become more
and more inexpensive in the domestic and international markets. This type of taxation
system would directly encourage economic growth. GST with its transparent features will
prove easier to administer. With the above reviews we can assume that GST is a tax reform
which will change the scenario of the country as a support for this review study.
Times of India (26 July, 2017) , page no 1&17 it is stated that Sweet makers are confused
with fixing the tax for their product as the ingredients used in the sweets. are taxed
separately as raw material and as finished goods the products its taxing is different ex. Plain
burfi is 5% taxed but chocolate burfi is fixed with 28%. Plain burfi mixed with other dry
fruits is of 12%. This taxing system makes the Sweet makers to get confused on how much
GST to be fixed for which product.
Times of India dated ( 27 July , 2017) , stated that the GST implication across different
places for the same product has wider differences which the consumers are unaware,
resulting them in surprise. Ex A Rasamalai sold in counter at a shop is taxed with 5% but if
it is served in the hotel it is taxed with 18% this has resulted in difference of consumers
shopping to purchase the similar products
Shakwipee( 2017) , A study conduct on the inquring the level of awareness towards GST
among the small business owners in Rajasthan State, found that the main areas to be
focused include training errors and computer software availability.
Vineet Chauhan (2018) ,Conduct a study on “ Measuring Awareness about implementation
of GST.” A study survey of small business unit of Rajasthan State in India. The study seeks
to evaluate the awareness of the business owners about GST difficulties they face to encase
of the current awareness about it. 148 small business owners were analyses in order to
identify the awareness about GST from Rajasthan state and the kind and extent of relief
provided and the implementation of the provision under GST Law.
Bar hate (2018) , found that people have no doubt whatsoever regarding the proposed
benefits of GST irrespective of their business type, legal status of business for the reason
being they feel irritated by the present system which appears to be cumbersome. Most
respondents believe that GST will bring monetary gains to their business and do not
anticipate any significant boost in tax compliance costs. Interestingly, respondents expect
the spending on tax compliance to go down after GST is implemented. The lack of
information coupled with the apathy towards reforms may paralyze the speedy
implementation of this system especially in small towns where still not a single orientation
programs have been planned and executed till date by competent authorities.
Poona m (2018) , The biggest problems in Indian tax system like Cascading effect & tax
evasion, distortion can be minimized by implementing GST. After amalgamation of local
state and central taxes competitiveness of industry, exporter and company will increase. The
extra revenue which can be generated from broaden tax base structure can be utilized for the
growth of nation.
Chapter 5
RESEARCH METHODOLOGY
Research is a logical and systematic search for new and useful information on a particular
topic. Research methodology is a systematic way to solve a problem. It is a science of
studying how research is to be carried out. Essentially, the procedures by which researchers
go about their work of describing , explaining and predicting phenomenon are called
research methodology.

About my Research Problem :


The present research is exploratory in nature. Since GST is a new phenomenon in India,
there are hardly any studies in this area. Specially there is a huge gap of empirical and
behavior studies on GST in India. The study tries to find the significance of popular
perception regarding GST.

5.1 RESEARCH DESIGN


In this project I have used exploratory method of the study.

5.2 DATA COLLECTION SOURCES


Primary Data:
Primary data is basically the live data which I collected on field while doing cold calls with
the customers and I shown them list of question for which I had required their responses.

Secondary Data:
Secondary data for the base of the project I collected from intranet and from internet,
magazines, newspapers etc.

5.3 SAMPLING TECHNIQUE


Sampling Technique
Sampling techniques can be broadly classified in to two types:
➢ Probability Sampling.
➢ Non Probability Sampling.
Tools for analysis
➢ Bar chart (Bar charts will be used for comparing two or more values that will be taken
over time or on different conditions, usually on small dataset)
➢ Pie-chart (Circular chart divided in to sectors, illustrating relative magnitudes or
frequencies)

Tools and Techniques


As no study could be successfully completed without proper tools and techniques, sames
with my project. For the better presentation and right explanation I used tools of statistics
and computer very frequently. And I am very thankful to all those tools for helping me a lot.
Basic tools which I used for project from statisticsare-
- Bar Charts
- Piecharts
- Tables
Bar charts and pie charts are really useful tools for every research to show the result in a
well clear, ease and simple way. Because I used bar charts and pie cahrtsin project for
showing data in a systematic way, so it need not necessary for any observer to read all the
theoretical detail, simple on seeing the charts any body could know that what is being said.

Technological Tools
Ms-Excel
Ms-Access
Ms-Word
Chapter 6
DATA ANALYSIS & INTERPRETATION

Q1. How do you get know about GST? From:

Particulars No. of Percentage


Respondent
Friend/Family 15 30%
Mass Media 50 50%
Online source 20 20%
Other 15
TOTAL 100 100%

Other Friend/Family

Online source

Mass Media

Interpretation:
Most of the Client knows about GST From Mass Media.

Q2. Gender

Particulars No. of Percentage


Respondent
Male 70 70%
Female 30 30%
TOTAL 100 100%
Female

Male

Interpretation:
70% of them are male. 30% of them are female.

Q3. Education ?

Option No. of Percentage


Respondents
SSC 10 10%
HSC 20 20%
Graduate 30 30%
Post-graduate 40 40%
Totals 100 100%

SSC

Post-graduate HSC

Graduate
Interpretation:
From the above diagram it is stated that most of the dealer are literate.

Q4 . Professional status ?
Option No. of Respondents Percentage
Student 35 35%
Working Professionals 64 64%
Unemployed 1 1%
Total 100 100%

Unemployed

Student

Working Profes-
sionals

Interpretation:
From the above diagram it is stated that most of the persons who have answered were the
constructor.

Q5. Years of experience ?

Option No. of Percentage


Respondents
Less than 5 40 40%
5-10 18 18%
10-15 25 25%
More than 15 17 17%
Totals 100 100%
More than 15

Less than 5

15-Oct

10-May

Interpretation:
From the above diagram it is stated that most of the constructor where having less than 5
year of experience and only 17 are been having more than 15 year of experience.

Q6. Monthly Income ?

Option No. of Percentage


Respondents
Less than 10 10%
10,000
10,000-30,000 61 61%
30,000-50,000 15 15%
50,000 & 14 14%
above
Totals 100 100%
Less than 10,000
50,000 & above

30,000-50,000

10,000-30,000

Interpretation:
From the above diagram it is stated that most of the persons who have answered were the
constructor and the most of the constructor were earning 10k-30k per month .

Q7. Do you agree with the implementation of GST in India?

Particulars No. of Percentage


Respondent
Yes 70 70%
No 30 30%
TOTAL 100 100%

No

Yes

Interpretation:
Most of the Client agree about the implementation of GST in India.

Q8. Does the land acquisition cost get affected ?

Option No. of Percentage


Respondents
Strongly Agree 40 40%
Agree 20 20%
Neutral 25 25%
Disagree 10 10%
Strongly 15 15%
Disagree
Totals 100 100%

Strongly Disagree

Disagree Strongly Agree

Neutral

Agree

Interpretation:
From the above diagram it is stated that most of the persons are agreed that the land
acquisition cost has been increased strongly .

Q9. Do you think implementing GST will cause higher price of goods &services?

Particulars No. of Percentage


Respondent
Yes 80 80%
No 20 20%
TOTAL 100 100%

No

Yes

Interpretation:
Most of the Client think that implementing GST will cause higher price of goods &
services.

Q10. Do you think all businesses need to be registered under GST?

Particulars No. of Percentage


Respondent
Yes 80 80%
No 20 20%
TOTAL 100 100%

No

Yes
Interpretation:
80% user think that all businesses need to be registered under GST.

Q11. Whether there is increase in bank loan interest rate ?

Option No. of Percentage


Respondents
Strongly Agree 50 50%
Agree 20 20%
Neutral 15 15%
Disagree 10 10%
Strongly 5 5%
Disagree
Totals 100 100%

Strongly Disagree

Disagree

Neutral

Strongly Agree

Agree

Interpretation:
Most of the constructor were agreed that there is increase in bank loan interest.

Q12. Whether there is improved access to bank loans ?

Option No. of Percentage


Respondents
Strongly Agree 50 50%
Agree 10 10%
Neutral 25 25%
Disagree 10 10%
Strongly 5 5%
Disagree
Totals 100 100%

Strongly Disagree

Disagree

Strongly Agree

Neutral

Agree

Interpretation:
Most of the constructor were agreed that there is improved in the access of bank loan
interest.

Q13. Which system do you think is more beneficial to both Government and people?

Particulars No. of Percentage


Respondent
Goods & Service 65 65%
Tax
OTHER 35 35%
TOTAL 100 100%
OTHER

Goods & Service


Tax

Interpretation:
65% user think that Goods & Service Tax is more beneficial to both Government and
people.

Q14. Whether there is increase in construction cost of new residential buildings ?

Option No. of Percentage


Respondents
Strongly Agree 40 40%
Agree 20 20%
Neutral 25 25%
Disagree 10 10%
Strongly 15 15%
Disagree
Totals 100 100%
Strongly Disagree

Strongly Agree
Disagree

Neutral

Agree

Interpretation:
40% of the constructor are strongly agreed that there is increase in construction cost due to
GST.

Q15. Do you think INIDA is ready for implementing GST system?

Particulars No. of Percentage


Respondent
Yes 75 75%
No 25 25%
TOTAL 100 100%

No

Yes

Interpretation:
75% user think INIDA is ready for implementing GST system.
Q16. How was your experience using GST?

Option No. of Percentage


Respondents
Poor 10 10%
Satisfactory 20 20%
Good 30 30%
Excellent 40 40%
Totals 100 100%

Poor

Excellent Satisfactory

Good

Interpretation:
From the above graph shows that Most of customer says excellent for Using GST.

Q17. GST is a very good tax reforms for India?

Option No. of Percentage


Respondents
Strongly Agree 10 10%
Agree 15 15%
Neutral 40 40%
Disagree 25 25%
Strongly 20 20%
Disagree
Totals 100 100%

Strongly Agree
Strongly Disagree

Agree

Disagree

Neutral

Interpretation:
From the above graph shows that Most of customer says excellent for Using GST.

Q18. Whether there is increase in duplicate billing ?

Option No. of Percentage


Respondents
Strongly Agree 40 40%
Agree 15 15%
Neutral 30 30%
Disagree 10 10%
Strongly 05 05%
Disagree
Totals 100 100%
Strongly Disagree

Disagree

Strongly Agree

Neutral

Agree

Interpretation:
From the above graph shows that Most of constructor are agreed that the customer are
mostly asking for a duplicate bill for Using GST.

Q19. GST has increased the various legal Formalites

Option No. of Respondents Percentage


Strongly Agree 25 25%
Agree 10 10%
Neutral 35 35%
Disagree 20 20%
Strongly 10 10%
Disagree
Totals 100 100%

Strongly Disagree
Strongly Agree

Disagree

Agree

Neutral
Interpretation:
From the above graph shows that Most of customer are neutral about that GST Has
Increased The Various Legal Formalities. 25 % customer are Strongly Agree about that
GST Has Increased The Various Legal Formalities. And rest customer are are Agree about
that GST Has Increased The Various Legal Formalities.

Q20. GST has increased the tax burden on common man ?

Option No. of Percentage


Respondents
Strongly Agree 45 45%
Agree 20 20%
Neutral 10 10%
Disagree 15 15%
Strongly 10 10%
Disagree
Totals 100 100%

Strongly Disagree

Disagree

Strongly Agree

Neutral

Agree

Interpretation:
45% customer are Strongly Agree about GST has increased the tax burden on common
man. 20% customer are Agree about GST has increased the tax burden on common man.
And rest are45% customer are not Agree.
Q21. GST has increased the tax burden on businessman in the construction industry?

Option No. of Percentage


Respondents
Strongly Agree 55 55%
Agree 25 25%
Neutral 10 10%
Disagree 5 5%
Strongly 5 5%
Disagree
Totals 100 100%

Strongly Disagree
Disagree

Neutral

Strongly Agree

Agree

Interpretation:
55% customer are Strongly Agree about GST has increased the tax burden on businessman.
25% customer are Agree about GST has increased the tax burden on businessman. And rest
are are not Agree.

Q 22. GST will increased the inflation in the country?

Option No. of Percentage


Respondents
Strongly Agree 60 60%
Agree 20 20%
Neutral 5 5%
Disagree 10 10%
Strongly 5 5%
Disagree
Totals 100 100%

Strongly Disagree

Disagree

Neutral

Agree Strongly Agree

Interpretation:
60% customer are Strongly Agree that GST will increased the inflation in the country. 25%
customer are Agree that GST will increased the inflation in the country. And rest are are not
Agree.

Q23 .GST will increase the Tax collection of GOVT.

Option No. of Percentage


Respondents
Strongly Agree 75 75%
Agree 20 20%
Neutral 5 5%
Disagree 0 0%
Strongly 0 0%
Disagree
Totals 100 100%
Neutral

Agree

Strongly Agree

Interpretation:
75% customer are Strongly Agree that GST will increase the Tax collection of GOVT. 20%
customer are Agree that GST will increase the Tax collection of GOVT. And rest are are
not Agree.

Q24. GST will affecting small business very badly.

Option No. of Percentage


Respondents
Strongly Agree 65 65%
Agree 27 27%
Neutral 8 8%
Disagree 0 0%
Strongly 0 0%
Disagree
Totals 100 100%

Neutral

Agree

Strongly Agree
Interpretation:
65% customer are Strongly Agree that GST will affecting small business very badly. 27%
customer are Agree that GST will affecting small business very badly. And rest are are not
Agree.

Q25. GST affects the Indian construction market negatively.

Option No. of Percentage


Respondents
Strongly Agree 25 25%
Agree 35 35%
Neutral 10 10%
Disagree 15 15%
Strongly 15 15%
Disagree
Totals 100 100%

Strongly Disagree

Strongly Agree

Disagree

Neutral

Agree

Interpretation:
most of the customer are agree that GST affects the Indian construction market.

Q26. GST will cause increase in the cost for material Procurement.

Option No. of Percentage


Respondents
Strongly Agree 30 30%
Agree 40 40%
Neutral 10 10%
Disagree 15 15%
Strongly 5 5%
Disagree
Totals 100 100%

Strongly Disagree

Disagree
Strongly Agree

Neutral

Agree

Interpretation:
Most of the customer are agree that GST will cause an increase in the cost of for material
procurement.

Q27. GST will make the construction projects slower?

Option No. of Percentage


Respondents
Yes 90 90%
No 10 10%
Totals 100 100%
No

Yes

Interpretation:
From the above graph shows that most of our respondents are agree that GST will make the
construction projects slower.

Q28. GST will make day to day purchases in a construction industry more expensive?

Option No. of Percentage


Respondents
Yes 85 85%
No 15 15%
Totals 100 100%

No

Yes

Interpretation:
From the above graph shows that most of our respondents are agree that GST will make day
to day purchases in a construction industry more expensive.
Q29. Is the average GST rate in the construction industry preferable?

Option No. of Percentage


Respondents
Yes 25 25%
No 75 75%
Totals 100 100%

Yes

No

Interpretation:
From the above graph shows that most of our respondents are not agree that average GST
rate in the construction industry preferable.

Q30. GST will increase the tax burden on the businesses in the construction industry?

Option No. of Percentage


Respondents
Yes 70 70%
No 30 30%
Totals 100 100%
No

Yes

Interpretation:
From the above graph shows that most of our respondents are agree that GST will increase
the tax burden on the businesses in the construction industry.

Chapter 7
FINDINGS

• Most of the Client know about GST From Mass Media.


• Most of the Client agree about the implementation of GST in India.
• Most of the Client think that implementing GST will cause higher price of goods &
services.
• 80% user think that all businesses need to be registered under GST.
• 65% user think that Goods & Service Tax is more beneficial to both Government and
people.
• 62% user think that GST will burden the people/consumer.
• 75% user think INIDA is ready for implementing GST system.
• From the above graph shows that Most of customer says excellent for using GST.
• From the above graph shows that Most of customer says excellent for using GST.
• From the above graph shows that Most of customer are neutral about that GST is very
good tax reforms for India. 25 % customer are disagree about that GST is very good tax
reforms for India.
• From the above graph shows that Most of customer are neutral about that GST Has
Increased The Various Legal Formalities. 25 % customer are Strongly Agree about that
GST Has Increased The Various Legal Formalities. And rest customer are are Agree about
that GST Has Increased The Various Legal Formalities.
• 45% customer are Strongly Agree about GST has increased the tax burden.

Chapter 8
SUGGESTIONS

The following are the suggestion made based on the results of the study. Some suggestions
for better administrative machinery to handle the implementation of Goods and Services
Tax Act in India are:
➢ Standardization of systems and procedures.
➢ Tax relief in case of branch transfer
➢ Well defined procedures in case of Job works
➢ Uniform dispute settlement machinery.
➢ Adequate training for both tax payers and taxen forcers.
➢ Re-organization of administrative machinery for GST implementation.
➢ Building information technology backbone – the single most important initiative for
GST implementation.
➢ Uniform Implementation of GST should be ensured across all states (unlike the
staggered implementation of VAT) as many issues might arise in case of transactions
between states who comply with GST and states who are not complying with GST.

Chapter 9
LIMITATIONS OF THE PROJECT

Every scientific study has certain limitations and the present study is no more exception.
These are:
• The sample size was small and cannot be applied to the entire population. • GST is new
launched tax system so some complications are faced by the peoples.
• The sample size is very small compared to the total population of the region.
• The study was conducted with the basic assumption that the information given by the
respondent is factual and represents their true feelings and behavior.
➢ It is very difficult to check the accuracy of the information provided.
➢ Since all the products and services are not widely used by all the customers it is difficult
to draw realistic conclusions based on the survey.

Chapter 10
CONCLUSION

• The macroeconomic impact of GST is significant in terms of growth effects, price effects,
current account effects and the effect on the budget balance.
• In developing open economy with growing service sector, a change in the tax mix from
income to consumption-based taxes is likely to provide a fruitful source of revenue.
• The proposed structure will simplify the procedure which will end up with equal
opportunity for all the markets and in other hand will leads reduced tax evasion. It is
preferred every economy must adopt GST at national level to make their economy attractive
for foreign investors. By implementing GST, the developing economy like India can
achieve sustainable and balanced development. Slowly, India shall move to join the world
wide standards in taxation, corporate laws and managerial practices and be among the
leaders in these fields.
• It can also be concluded from the above discussion that GST will provide relief to
producers and consumers by providing wide and comprehensive coverage of input tax credit
set-off, service tax set off and subsuming the several taxes. It can be further concluded that
GST have a positive impact on various sectors and industry.

Chapter 11
BIBLIOGRAPHY

Books:
• Adhana, D. K. (2015). Goods and services tax (GST): A panacea for Indian economy.
International Journal of Engineering & Management Research, 5 (4), 332 -338.
• Agogo Mawuli (2014): “Goods and Service Tax- An Appraisal” Paper presented at the
PNG Taxation Research and Review Symposium, Holiday Inn,PortMoresby,29-30.
• AgogoMawulli(2014) “ Goods and Service Tax --- An appraisal Paper presented at the
PNG Taxation Research and Review Symposium. Holiday inn port meoresby, Pg No.29-
30 ,April2014
• Chakraborty, P., & Rao, P. K. (2010, January 2). Goods and services tax in India: An
assessment of the base. Economic and Political Weekly, 45 (1), 49 - 54.
• Dr. R. Vasanthagopal (2011), “GST in India: A Big Leap in the Indirect Taxation
System”, International Journal of Trade, Economics and Finance, Vol. 2, No. 2,April2011.
• Dani, S. (2016). A Research Paper on an Impact of Goods and Service Tax (GST) on
Indian. Business and Economics Journal,1-2.
• EhtishamAhamad and SatyaPoddar (2009), “Goods and Service Tax Reforms and
Intergovernmental Consideration in India”, “Asia Research Center”,LSE-2009
• Fabian and Erik Hoelzl(2015) , Price , Perception and confirmation bias in the context of a
VAT increase, Journal of Economic Psychology 32 (1) volume 2 Pg No. 131-- 141in20
• Garg, G. (2014). Basic concepts and features of goods and services tax in India.
International Journal of Scientific Research and Management (IJSRM), 2 (2), 542-549
• GST India (2015) “Economy and Policy”. Jaiprakash (2014), “Indirect Tax Reform in
India and a way ahead for GST”, International Journal of Computing and Corporate
Research, Vol 4,Issue1.
• Gupta Nishita(2014) , Goods and Service Tax : Its implementations on Indian economy
volume 5 Issue 3 (year 2014 – Pg No.126—133.
• Jain, A. (2013). An empirical analysis on goods and service tax in India: Possible impacts,
implications and policies. International Journal of Reviews, Surveys and Research (IJRSR),
2 (1). Retrieved fromhttps://www.ijrsr.com/January2013/5.pdf
• Kumar, N. 2014. Goods and Service Tax in India-A Way Forward. Global Journal of
Multidisciplinary Studies .3(6).
• Kothari C.R. 2nd Edition (2004) Research Methodology … Topic “ Concept& Meaning
Of Research , Sampling , Methods and Techniques Of Data collection and Tools '' B com ,
BBA and MBA and M.com Textbook.
• Kumar Nitin (2014) “ GST in india : A way forward '' Global Journal of Multi disciplinary
Studies, Vol 3 Issue 6 ,May2014.
• Nishita Gupta (2014), “Goods and Services Tax: Its implementation on Indian economy”,
CASIRJ Volume 5, Issue 3, Pg.No.126-133.
• Nitin Kumar (2014), “Goods and Service Tax in India-A Way Forward”, Global Journal of
Multidisciplinary Studies, Vol 3, Issue6, May2014.
• Pinki , SupriyaKamna, Richaverma(2014) “ Goods and Service Tax”-- Panacea For
Indirect Tax System in india,” Tactful Management Research Journal”, Vol12, issue
10July2014
• Rathod, M. (2017). An Overview of Goods and Service Tax (Gst) In India. Journal of
Commerce and Management,1-6.
• Shokeen, S., Banwari, V., & Singh, P. (2017). Impact of goods and services tax bill on the
Indian economy. Indian Journal of Finance, 11(7), 65 - 78. DOI:
10.17010/ijf/2017/v11i7/116568
• Taqvi, S. M. A., Srivastava, A. K., & Srivastava, R. K. (2013). Challenges and
opportunities of goods and service tax (GST) in India. Indian Journal of Applied Research,
3 (5), 413-415.
• Tripathi, S., &Tripathi, N. (2016, August 3). India : In a historic move, RajyaSabha passes
the GST Bill : Annexure (p.4).Retrieved from

Web Links:
 https://www.gstindia.com/about/
 https://www.thequint.com/news/business/india-gst-most-complex-28-percentslab-
second-highest-rate-in-world-world-bank
 https://www.bankbazaar.com/tax/gst.html
 https://economictimes.indiatimes.com/gst
 https://en.wikipedia.org/wiki/Goods_and_Services_Tax_(India)
 https://gst.caknowledge.in/impact-gst-automobile-sector/
 http://www.ey.com/in/en/newsroom/news-releases/ey-gstimpact- on-the-autoindustry
 https://www.legalraasta.com/gst/impact-of-gst-on-automobilesector/
http://auto.economictimes.indiatimes.com/news/policy/benefitschallengesfor-auto-
sector-in-gst-bill/53541153
 http://www.abplive.in/auto/gst-bill-how-it-affects-the-autosector-391864
 http://www.caclubindia.com/articles/impact-of-gst-onautomobile- dealersindustry-
28910.as
ANNEXURE

1. How do you get know about GST? From:


a) Friend/Family
b) Mass Media
c) Online source
d) Other

2. Gender
a) Male
b) Female

3. Education ?
a) SSC
b) HSC
c) Graduate
d) Post-graduate

4. Professional status ?
a) Student
b) Working Professionals
c) Unemployed

5. Years of experience ?
a) Less than 5
b) 5-10
c) 10-15
d) More than 15

6. Monthly Income ?
a) Less than 10,000
b) 10,000-30,000
c) 30,000-50,000
d) 50,000 & above

7. Do you agree with the implementation of GST in India?


a) Yes
b) No

8. Does the land acquisition cost get affected ?


a) Strongly Agree
b) Agree
c) Neutral
d) Disagree
e) Strongly Disagree

9. Do you think implementing GST will cause higher price of goods & services?
a) Yes
b) No

10. Do you think all businesses need to be registered under GST?


a) Yes
b) No

11. Whether there is increase in bank loan interest rate ?


a) Strongly Agree
b) Agree
c) Neutral
d) Disagree
e) Strongly Disagree

12. Whether there is improved access to bank loans ?


a) Strongly Agree
b) Agree
c) Neutral
d) Disagree
e) Strongly Disagree
13. Which system do you think is more beneficial to both Government and people?
a) Goods & Service Tax
b) OTHER

14. Whether there is increase in construction cost of new residential buildings ?


a) Strongly Agree
b) Agree
c) Neutral
d) Disagree
e) Strongly Disagree

15. Do you think INIDA is ready for implementing GST system?


a) Yes
b) No

16. How was your experience using GST?


a) Poor
b) Satisfactory
c) Good
d) Excellent

17. GST is a very good tax reforms for India?


a) Strongly Agree
b) Agree
c) Neutral
d) Disagree
e) Strongly Disagree

18. Whether there is increase in duplicate billing ?


a) Strongly Agree
b) Agree
c) Neutral
d) Disagree
e) Strongly Disagree

19. GST has increased the various legal Formalites


a) Strongly Agree
b) Agree
c) Neutral
d) Disagree
e) Strongly Disagree

20. GST has increased the tax burden on common man ?


a) Strongly Agree
b) Agree
c) Neutral
d) Disagree
e) Strongly Disagree

21. GST has increased the tax burden on businessman in the construction industry?
a) Strongly Agree
b) Agree
c) Neutral
d) Disagree
e) Strongly Disagree

22. GST will increased the inflation in the country?


a) Strongly Agree
b) Agree
c) Neutral
d) Disagree
e) Strongly Disagree

23. GST will increase the Tax collection of GOVT.


a) Strongly Agree
b) Agree
c) Neutral
d) Disagree
e) Strongly Disagree

24. GST will affecting small business very badly.


a) Strongly Agree
b) Agree
c) Neutral
d) Disagree
e) Strongly Disagree

25. GST affects the Indian construction market negatively.


a) Strongly Agree
b) Agree
c) Neutral
d) Disagree
e) Strongly Disagree

26. GST will cause increase in the cost for material Procurement.
a) Strongly Agree
b) Agree
c) Neutral
d) Disagree
e) Strongly Disagree

27. GST will make the construction projects slower?


a) Yes
b) No

28. GST will make day to day purchases in a construction industry more expensive?
a) Yes
b) No

29. Is the average GST rate in the construction industry preferable?


a) Yes
b) No

30. GST will increase the tax burden on the businesses in the construction industry?
a) Yes
b) No

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