Perception of financial executives about GST

Abstract

In current regime, In India, citizens are experiencing single tax system after the implementation of Goods and Service Tax (GST). In order to abolish various taxes like VAT, sales tax, exercise tax, custom duty etc. GST has been introduced. The main aim of GST is to bring a common tax percentage for all over India. GST registration has become mandatory and which will increase in tax agreement. The industrial sector and government will get benefit due the implementation of Goods and Service tax. This paper aims to find out the perception of financial executives on GST. Results of this study indicate that the financial executives are having the perception that GST brings a transparency in taxation structure in India and it is better than Value Added Tax (VAT) system.