Business Class Problems During and after the Implementation of GST in Haryana
Keywords:
GST (Goods ad Service Tax), Ambiguity of GST Structure/ Procedure, Functioning of GST Portal and Smooth Business Functioning Under GSTAbstract
The present research paper aims to identify the problems faced by the business class during and after the implementation of GST in Haryana. To identify the problems regarding GST, primary data has been collected through a self-structured questionnaire. The study reveals that majority of the businessmen (68.3 percent) indifferent towards the frequently changing GST rules. Further, 68.5 percent of the businessmen accepted that after the implementation of GST, every business has to replace their old software with GST compliance software. Additionally, the study found that 66.0 percent businessmen accepted that they are not tech-savvy because which they are facing problems in during and post GST implementation. 80.0 percent of the businessmen are also facing problem regarding E-way bills. Further, businessmen also face problem related to the self GST return filing, time consuming, costing of business operations etc. Suggestion: The process of GST compliance should be simplified so that businessmen can work efficiently and contribute to economic development.
References
Agarwal DMK. People’s perception about GST–An empirical study. Kaav Int J Econ, Commer & Bus Manage. 2017;4(3):1–6.
Ahmad MAR, Ismail Z, Halim HA. Awareness and perception of taxpayers towards goods and services tax (GST) implementation. Int J Acad Res Bus Soc Sci. 2016;6(11):75–94.
Kawlel S, Aher YL. GST: An economic overview: Challenges and Impact ahead. Int Res J Eng Technol. 2017;4(4):2760–2763.
Yeung R. A critical analysis of a goods and services tax in Hong Kong. London: Middlesex University; 2010.
Lourdunathan F, Xavier P. A study on implementation of goods and services tax (GST) in India: Prospectus and Challenges. Int J Appl Res. 2017;3(1):626–629.
Madapana K, Gupta KA. A Review on Goods and Services Tax (GST): A panacea for Indian economy & its impact on various sectors. Int J Multidiscip Educe Res. 2016;1(8):12–15.
Huang A, Liu B. The impact of the GST on mortgage yield spreads of Australian banks. Appl Financ Econ. 2012;22(21):1787–1797.
Garg G. Basic concepts and features of good and service tax in India. Int J Sci Res Manage. 2014;2(2):542–549.
