GST Project
GST Project
INDEX
Good and services tax (GST) Act has radically reshaped Indian economy. This Act has
been considered as a biggest indirect tax amended so far which was long anticipated and
certainly guarantee to create independent platform for all goods and services offered in India.
The objective of this study is to analyse the significant effect of GST system in retailers
business with reference to Ballari Division. Presumably, GST system have created uneasiness
among various sectors in Indian economy. The case of retail sector is predominant effect as it
generate wide employment opportunities in rural and urban sector and also enables large
volume of transactions. As per global scenario, India is considered to be highest in terms of
per capita retail space and the fifth largest preferred retail destination. The rapid growth of
retail sector has made a way for GST era to move forward and it is an important discussion
across several division. However, India’s vibrant retail sector is based on compound annual
growth rate (CAGR). The real challenges faced by the retailers in the present GST system
will be sourced through this study and suggested for better integration of state economies and
boost overall growth.
CHAPTER 1
RESEARCH DESIGN
1.1 INTRODUCTION
1.2 STATEMENT OF THE PROBLEM
1.3 OBJECTIVE OF THE STUDY
1.4 NEED OF THE STUDY
1.5 SCOPE OF THE STUDY
1.6 RESEARCH METHOD
1.7 SOUCES OF DATA
1.8 DATA COLLECTION TOOL
1.9 SAMPLING TECHNIQUE
1.1 INTRODUCTION
GST stands for Goods and Services Tax. Vishwanath Pratap Singh who was the 7 th Prime
Minister of India first initiated GST Act in 1986. After that in 2007, the prevailing
government suggested to deploy GST Act and the proposal has been presented in Lok Sabha
in 2011 and again the same proposal was presented in Lok Sabha in Dec 2014. GST Act was
passed in 2015. After the approval of rajya sabha GST Act was launched from 1 st july 2017
and it was referred as 101 amendment of constitution. GST has become a revolutionary
change in indirect taxes after crossing 25 years of economic amelioration.
Goods and Services Tax is a comprehensive, multi-stage, destination based tax that will be
livied on every value addition. Goods and Services Tax (GST)implemented in India to bring
in the ‘one tax one nation’ system, but its effect on various industries will be slightly
different. The first level of differentiation will come in depending on whether the industry
deals with manufacturing, distributing and retailing or is providing a service.
GST is levied on all transactions such as sale, transfer, purchase, barter, lease/ impact of
goods/ services. India has adopted a dual GST model, means that taxation is administered by
both the union and state government. The transaction made within a single state will be levied
with central GST (CGST) by the central government and State GST by the government of
that state. For inter-state transactions and imported goods/services, an integrated GST (IGST)
is levied by the central government.
Retail sector is one of the key pillars of Indian economy and it accounts for around 10% of
GDP. GST will usher in wide changes in various industries and sectors and retail industries
is not an exception.
The imminent implementation of goods and service tax (GST) is expected to result in
greater transparency, an improved flow of credit and reduced trade barriers from a tax
perspective. The GST model law, GST rules and documentation templates reflect the
government commitment and keenness to implement the GST law in India 2017.
Indirect tax system is very length process in taxation system. GST help to reduce the
indirect taxes in public no one awareness about GST and how GST effect the life of
common person. After GST, what is benefits to various sectors and change in various prices.
1. To study the impact of GST system to retailers with special reference to Ballari
division.
2. To know the level of agreement and awareness about GST system to retailers.
3. To identify the problem faced by the retailers due to GST implementation.
4. To give feasible solutions based on the findings analysed.
5. To study how much effect on price of different goods.
6. To compare GST with other taxes.
1. To study about Goods and Service Tax and its impact on the economy.
2. To examine benefits and opportunities of Goods and Service Tax.
3. To understand the concept behind GST.
4. To learn the highlights of GST.
5. To measure the pros and challenges of GST.
6. To present further information of research work on GST.
1. The study will be helpful in describing how GST is leviable on all supply of goods
and provision of services as well combination therof.
2. The real challenges are faced by the retailers in the present GST system will be
sourced through this study and suggested for better integration of State economies and
boost overall growth.
3. The study is more applicable to know that the GST system is more likely to boost up
India’s economic progress by deploying Uniform tax rate which erupt all tax barriers
between states.
Descriptive research method is used for the study on impact of GST system to retailers
with special reference to Ballari division.
PRIMARY DATA
Primary data is collected directly from respondents using data collection methods like
survey interviews, questionnaires, measurements, direct observation or tabulation. Primary
data for this study will be generated through questionnaire and interview with retailers.
SECONDARY DATA
Secondary data is the data that already exists which has been collected by some other
person or organization for their use, and is generally made available to other researchers free
or at a concessional rate.
Source of secondary data to make the study more effective was possible with the help of
published data such as company data and web sites.
Ordinal scale is used to arrange objects according to some particular order. Likert scale
consists of a series of statements where the respondent provides answers in the form of
degree of agreement or disagreement. Well structured questionnaire using ordinal and Likert
scale is used to retrieve data from primary sources backed by interview.
SAMPLING UNIT
Sampling unit is a basic unit that contains a single element or a group of elements of the
population to be sampled. The sample unit for this study is comprised of retailers inside
Ballari division.
SAMPLE SIZE
CHAPTER 2
2.10TYPES OF GST
2.11ADVANTAGES OF GST
2.12DISADVANTAGES OF GST
Goods and Services Tax (GST) is an indirect tax used in india on the supply of goods
and services. It is a comprehensive, multistage, destination based tax: comprehensive
because it has subsumed almost all the indirect taxes except a few state taxes. Multi-
staged as it is, the GST is imposed at every step in the production process, but is meant to
be refunded to all parties in the various stages of production other than the final consumer
and as a destination based tax, it is collected from point of consumption and not point of
origin like previous taxes.
Goods and Services are divided into five different tax slabs for collection of tax 0%,
5%, 12%, 18%, and 28%. However, petroleum products, alcoholic drinks, and electricity
are not taxed under GST and instead are taxed separately by the individual state
governments, as per the previous tax system. There is a special rate of 0.25% on rough
precious and semi-precious stones and 3% on gold. In addition a cess of 22% or other
rateson top of 28% GST applies on few items like aerated drinks, luxury cars and tobacco
products. Pre-GST, the statutory tax rate for most goods was about 26.5%, Post-GST,
most goods are expected to be in the 18% tax range.
Formation
The reform of India’s indirect tax regime was started in 1986 by Vishwanath Pratap
Singh, finance minister in Rajiv Ghandi’s government, with the introduction of the
modified value added tax (MODVAT). Subsequently, prime minister P V Narasimha Rao
and his finance minister Manmohan Singh, initiated early discussions on a value added
tax (vat) at the state level. A single common goods and services tax (GST) was proposed
and given a go-ahead in 1999 during a meeting between the prime minister Atal Bihari
Vajpayee and his economic advisory panel which included three former RBI governors
IG Patel Bimal Jalan and C Rangarajan. Vajpayee setup a committee headed by the
finance minister of west Bengal, Assim Dasgupta to design a GST model.
The Assim Dasgupta committee which was also tasked with putting in place the
back-end technology and logistics (later came to be known as the GST network, or
GSTN, in 2015). It later came out for rolling out a uniform taxation regime in the country.
In 2002, the Vajpayee government formed a task force under Vijay Kelkar to recommend
tax reforms. In 2005, the Kelkar committee recommended rolling out GST as suggested
by the 12th finance commission.
The implementation of the Goods and Services Tax (GST) in India was a
historical move, as it marked a significant indirect tax reform in the country. The
amalgamation of a large number of taxes (levied at a central and state level) into a single tax
is expected to have big advantages. One of the most important benefit of the move is the
mitigation of double taxation or the elimination of the cascading effect of taxation. The
initiative is now paving the way for a common national market. Indian goods are also
expected to be more competitive in international and domestic markets post GST
implementation.
From the viewpoint of the consumer, there would be a marked reduction in the
overall tax burden that is currently in the range of 25% to 30%. The GST, due to its self-
policing and transparent nature, is also easier to administer on an overall scale.
Several countries have already established the Goods and Services Tax. In
Australia, the system was introduced in 2000 to replace the Federal Wholesale Tax. GST was
implemented in New Zealand in 1986. A hidden Manufacturer’s Sales Tax was replaced by
GST in Canada, in the year 1991. In Singapore, GST was implemented in 1994. GST is a
value-added tax in Malaysia that came into effect in 2015.
2000: In India, the idea of adopting GST was first suggested by the Atal Bihari Vajpayee
Government in 2000. The state finance ministers formed an Empowered Committee (EC)
to create a structure for GST, based on their experience in designing State VAT.
Representatives from the Centre and states were requested to examine various aspects of
the GST proposal and create reports on the thresholds, exemptions, taxation of inter-state
supplies, and taxation of services. The committee was headed by Assim Dasgupta, the
finance minister of West Bengal. Dasgupta chaired the committee till 2011.
2004: A task force that was headed by Vijay L. Kelkar the advisor to the finance ministry,
indicated that the existing tax structure had many issues that would be mitigated by the
GST system.
February 2005: The finance minister, P. Chidambaram, said that the medium-to-long term
goal of the government was to implement a uniform GST structure across the country,
covering the whole production-distribution chain. This was discussed in the budget session
for the financial year 2005-06.
February 2006: The finance minister set 1 April 2010 as the GST introduction date.
November 2006: Parthasarthy Shome, the advisor to P.Chidambaram, mentioned that
states will have to prepare and make reforms for the upcoming GST regime.
February 2007: The 1 April 2010 deadline for GST implementation was retained in the
union budget for 2007-08.
February 2008: At the union budget session for 2008-09, the finance minister confirmed
that considerable progress was being made in the preparation of the roadmap for GST. The
targeted timeline for the implementation was confirmed to be 1 April 2010.
July 2009: Pranab Mukherjee, the new finance minister of India, announced the basic
skeleton of the GST system. The 1 April 2010 deadline was being followed then as well.
November 2009: The EC that was headed by Assim Dasgupta put forth the First
Discussion Paper (FDP) , describing the proposed GST regime. The paper was expected to
start a debate that would generate further inputs from stakeholders.
February 2010: The government introduced the mission-mode project that laid the
foundation for GST. This project, with a budgetary outlay of Rs.1,133crore, computerised
commercial taxes in states. Following this, the implementation of GST was pushed by one
year.
March 2011: The government led by the Congress party puts forth the Constitution (115th
Amendment) Bill for the introduction of GST. Following protest by the opposition party,
the Bill was sent to a standing committee for a detailed examination.
June 2012: The standing committee starts discussion on the Bill. Opposition parties raise
concerns over the 279B clause that offers additional powers to the Centre over the GST
dispute authority.
November 2012: P. Chidambaram and the finance ministers of states hold meetings and set
the deadline for resolution of issues as 31 December 2012.
February 2013: The finance minister, during the budget session, announces that the
government will provide Rs.9,000crore as compensation to states. He also appeals to the
state finance ministers to work in association with the government for the implementation
of the indirect tax reform.
August 2013: The report created by the standing committee is submitted to the parliament.
The panel approves the regulation with few amendments to the provisions for the tax
structure and the mechanism of resolution.
October 2013: The state of Gujarat opposes the Bill, as it would have to bear a loss of
Rs.14000crore per annum, owing to the destination-based taxation rule.
May 2014: The Constitution Amendment Bill lapses. This is the same year that Narendra
Modi was voted into power at the Centre.
December 2014: India’s new finance minister, Arun Jaitley, submits the Constitution
(122nd Amendment) Bill, 2014 in the parliament. The opposition demanded that the Bill be
sent for discussion to the standing committee.
February 2015: Jaitley, in his budget speech, indicated that the government is looking to
implement the GST system by 1 April 2016.
May 2015: The LokSabha passes the Constitution Amendment Bill. Jaitley also announced
that petroleum would be kept out of the ambit of GST for the time being.
August 2015: The Bill is not passed in the RajyaSabha. Jaitley mentions that the disruption
had no specific cause.
March 2016: Jaitley says that he is in agreement with the Congress’s demand for the GST
rate not to be set above 18%. But he is not inclined to fix the rate at 18%. In the future if
the Government, in an unforeseen emergency, is required to raise the tax rate, it would
have to take the permission of the parliament. So, a fixed rate of tax is ruled out.
June 2016: The Ministry of Finance releases the draft model law on GST to the public,
expecting suggestions and views.
August 2016: The Congress-led opposition finally agrees to the Government’s proposal on
the four broad amendments to the Bill. The Bill was passed in the Rajya Sabha.
September 2016: The Honourable President of India gives his consent for the Constitution
Amendment Bill to become an Act.
2017: Four Bills related to GST become Act, following approval in the parliament and the
President’s assent:
Central GST Bill
Integrated GST Bill
Union Territory GST Bill
GST (Compensation to States) Bill
The GST Council also finalised on the GST rates and GST rules. The Government declares
that the GST Bill will be applicable from 1 July 2017, following a short delay that is
attributed to legal issues.
Before the implementation of GST, taxation laws between the Centre and states were
clearly demarcated. There were no overlaps between the fiscal powers, whatsoever. The
Centre would levy tax on goods manufacture, except alcohol for consumption, narcotics,
opium, etc.
The states had the power to charge tax on the sale of goods.
The Centre would levy the Central Sales Tax that was collected by the originating states.
The Centre was also levying service tax on all types of services.
Additionally, the Centre was charging and collecting additional duties of customs on goods
that were imported into or exported from India. This tax was levied in addition to the Basic
Customs Duty. This additional duty of customs is referred to as Countervailing Duty
(CVD) and Special Additional Duty (SAD) and it counter balances excise duties, state
VAT, sales tax, and other such taxes.
The introduction of the GST regime made amendments to the Constitution so that the
Centre and states are empowered at the same time to levy and collect GST. This concurrent
jurisdiction of the states and Centre also requires an institutional mechanism that ensures
joint decisions are taken about the structure and operation of GST.
In order to address prevalent issues in taxation, the Constitution 122nd Amendment Bill was
put forth in the 16th Lok Sabha on 19 Dec 2014.
The Bill suggests levy of GST on all goods and services, except alcohol that humans
consume.
The tax is levied as Dual GST by the Centre and states/union territories. The component
levied by the Centre is Central Tax - CGST, while that levied by the state is State Tax -
SGST. The tax levied by union territories is Union Territory Tax - UTGST.
The Centre would levy the GST on inter-state trade or imports of services and goods. This
tax is referred to as Integrated Tax - IGST.
The Central Government will also levy excise duty on tobacco products, in addition to
GST.
The tax on five petroleum products, i.e., high speed diesel, crude, petrol, natural gas, and
Aviation Turbine Fuel (ATF) will be outlined later after a decision is made by the GST
Council.
September 2016: A Goods and Services Tax Council (GSTC) was created by the union
finance minister, revenue minister, and ministers of state to take decisions on GST rates,
thresholds, taxes to be subsumed, exemptions, and other features of the taxation system. The
state finance ministers mentioned that the EC would be a platform for states where there
would be discussions of their regional issues. The GST Council is a separate entity that would
oversee the implementation of the GST system.
There would be four tax rates under the GST regime, i.e., 5%, 12%, 18%, and 28%. Some
goods and services were also classified as exempt from tax.
A cess above the peak rate of 28% would be levied on certain sin and luxury goods.
The administrative control over 90% of taxpayers with turnover less than Rs.1.5crore
would be with the State tax administration. 10% of control would be with the Central tax
administration.
Administrative control over taxpayers having turnover above Rs.1.5crore would be equally
divided between the State and Centre tax administration.
Goods and Services Tax Network (GSTN) was set up as a private company in 2013 by
the Government under Section 25 of the Companies Act, 1956. GSTN is expected to offer the
front-end services of registration, payment, and returns to taxpayers. It would also develop
back-end technical modules that will be utilised by 25 states that have opted in.
GSTN has also identified 34 IT and financial technology companies and tagged them as GST
Suvidha Providers (GSPs). These organisations will develop applications that will be used by
taxpayers when they interact with GSTN.
loss of other existing tax like sales tax and value added tax (VAT) which was replaced all
these taxes and has been a sole claimer of the revenue to the state government. In case of
local sales, 50% of quantum tax which was under GST has been redirected
3. IGST:- IGST stands for INTEGRATED GOODS AND SERVICES TAX. This
tax is applicable when transactions take place on interstate or when two states
involved in purchases of goods and services. This tax is collected by central
government. One part of tax is transferred to central government and rest is
transferred to the state government.
2. Being GST-compliant:
Small and medium-sized enterprises (SME) who have not yet
signed for GST have to quickly grasp the nuances of the GST tax regime.
They will have to issue GST-complaint invoices, be compliant to digital
record-keeping, and of course, file timely returns. This means that the
GST-complaint invoice issued must have mandatory details such as
GSTIN, place of supply, HSN codes, and others.
1. Taxes covered:
Most of the important indirect taxes of the centre and states
are integrated under the GST. The most important tax of the central
government ( in terms of tax revenue collection)- the central value added
tax (or union excise duty), additional customs duty (CVD), special
additional duty of customs (SAD), central sales tax ( levied by the central
and collected by the states, the fastest growing tax revenue of the centre-
service tax, the most important tax revenue of the states-the state vat (sales
tax) are now merged into a single tax under the goods service tax.
There are three important indirect taxes for the centre- the
union excise duties, services tax and customs duties. Of these, the central
excise duties and service taxes are brought under the GST. Customs duties
as a tax on trade was not merged with the GST.
States have two important indirect taxes sales tax and state
excise duties. Of these two, only the sales tax is merged with the GST.
4. Turnover limit:
Under GST and tax right over low turnover entities: GST is
applied when turnover of the business exceeds Rs 20lakhs per year ( limit
is Rs 10lakhs for the north-eastern states). Traders who would like to get
input tax credit should make a voluntary registration even if their sales are
below Rs 20lakh per year. Traders supplying goods to other states have to
register under GST, even if their sales is less than Rs 20lakh. There is a
composition scheme for selected group of tax payers whose turnover is up
to Rs 75lakhs a year.
Chapter 3
3.1 INTRODUCTION
3.2 HISTORICAL BACKGROUND
3.3 GEOGRAPHICAL SETTING
3.4 DEMOGRAPHIC PROFILE
3.1 INTRODUCTION
Bellary district is spread over in the central region of the eastern sector of the state.
River Tungabhadra forms the national boundary of the district on the west and the north.
Beyond Tungabhadra, on the north, lies Raichur district. The western border of the district is
somewhat narrow and resembles an are, while the southern and eastern borders present a
truncated appearance. The district is bounded on the west by Dharwad district on the south
and to some extent on the east as well, by Chitradurga district and on the east mainly by the
districts of Ananthapur and Kurnool of Andhra Pradesh state. Total area of the district is 9885
Sq.Kms. The district headquarters is located at Bellary.
The district is endowed with three major economic resources: agricultural land, a
mighty river and an abundance of mineral deposits. In the spheres of agriculture and
exploitation of minerals the district has witnessed a tremendous amount of development
during the past two decades. What was once a district the bore the brunt- of frequent droughts
and famines and presented a picture of impoverishment and un rewarding labour has now
been transformed into a district, which is vibrating with a new zest for life and is set for a
brighter future. Thanks to the mighty Tungabhadra, which flows all along the western and
northern borders of the district and has now, that is after the erection of a dam near Hospet,
turned out to be a veritable boon to the people of not only Bellary district, but also to those of
Raichur district.
The area which forms the present Bellary district is believed to have been known as
Kishkindha, the abode of Vanara during the legendary past and is allocated with same of the
most celebrated with some of the most celebrated events of the Ramayana. But, little definite
is known of the history of the district
before the 14th Century, through inscriptions do reveal that the fortunes of Western
Chalukyas and their successors, the Hoysalas were made in these tracts. In 1336 was founded
Vijayanagara the “City of Victory” by the side of the hamlet of Hampi, which grew up to be
the capital of an empire of unsurpassed glory and for two centuries held at bay the advancing
forces of Musalmans from the North. The wealth and prosperity of this famous Hindu Empire
of Southern India was Legendary. The battle of Talikote in 1565 spelt the complete rain and
over throw of the empire by the confederate forces of the Deccan Sultans. The subsequent
domination that followed was one of the confusion, with petty principalities of various
palegars under the over lordship of various sultans. The palegars were ruthless in their
oppression of the peasantry and merciless in the exaction of revenues form the poor ryots.
Aurangzeb annexed the Deccan and along with it, district of Bellary. The Marathas followed
him and so did Hyder Ali & Tippusultan. When Tippu was defected at the hands of the
British in 1799, the Nizam of Hyderabad obtained the whole territory. But, the Nizam coded
both Bellary & its adjoining areas to the British, in 1800.
Subsequently, Bellary collectrate became a part of the Madras presidency and the
first consisted of 15 Taluks in 1882, this area was bifurcated into the district of Ananthapur
and Bellary with 7 & 8 Taluks respectively. All the while however the palegars reigned
supreme and laid waste the farm hands with their rapalians exaction from the ryats. Sir
Thomas Munro, then known as Major Munro, was the first collector of Bellary and along
with it, of the other leaded districts of Cuddappa, Ananthapur and Kumool. His first task was
to do away with the palegans and their methods which had resulted in impoverishing the
cultivating classes.
During the British period Bellary was a cantonment and was held to be, of strategic
importance. It was developed into a center of trade and commerce despite the constraints
posed by the lack of drinking water facility for several decades. Further, from about 1826 and
area of about 400 Sq.Kms. around Sandur enjoyed the status of an independent State under
the suzerainty of the British. After the attainment of independence in 1947, the ruler of
Sandur signed the Merger agreement on 1st April, 1949, transferring the administration of the
state to the Government of India with the addition of a few more villages, Sandur was then
constituted into a taluk in Bellary district in 1953. Consequent on the promulgation of the
Andhra State Act, the erstwhile Bellary district was bifurcated and three of its then existing
10 taluks namely Adoni, Alure & Rayadurga became a part of the newly constituted Andhra
Pradesh. While the remaining 7 taluks were transferred to the erstwhile Mysore State. Now
the district has 7 taluks Viz., Bellary, Hadagali, Hagaribommanahalli, Hospet, Kudligi,
Sandur & Siruguppa. According to 2000-2001 census report the district has 27 koblies, 517
inhabited villages, 25 un-inhabited villages. The district consisted 2 city municipal
3.3GEOGRAPHICAL SETTING
Bellary district, spanning an area of 9885 Sq.Kms. in the central region of the easter
sector of the state, lies between 14 degrees 30 minutes and 15 degrees 50 minutes north
latitudes and 75 degrees 40 minutes and 77 degrees 11 minutes east longitudes. River
Tungabhadra, the veritable back bone of the economy of the district, meanders its way in a
north easterly course and forms the natural boundary of the district on the north and the west.
Bellary district is situated in and arid zone. The rainfall is scanty and capricious. Generally,
the showers are light. The average rainfall for the district is about 575mm per annum which
precipitates in about 39 rainy days spread over a period of 6 months. Usually, August &
September are the months which have a higher number of the rainy days and consequently
receive relatively heavier amounts of rainfall prior to the advent of assured canal irrigation on
a large scale, the district was susceptible to frequent draughts and famines. While the soils in
the western decision are predominantly sandy & red loamy, those in the eastern portion
covering the taluks of Bellary and Siruguppa are mainly of the deep black - cotton type.
Under rain fed conditions, these soils yield the crops of Jowar, Cotton & Groundnut.
However when suitably irrigated the same lands would yield paddy and sugarcane as well.
Bellary district is knows for its hot summer and a dry weather for a major part of the
year. The months of December, January & February are comparatively cooler. The hilly areas
around Sandur, (especially at Ramanadurga which is a hill station) are endowed with a
salubrious climate. The recent construction of the large artificial lakes by the erection of
dams across the river Tungabhadra and the network of canals drawn thereof have to some
extent modified the climatic conditions in the northern and eastern portions of the district.
Chapter 4
DATA INTERPRETATION AND ANALYSIS
PERCENTAGE
100
90
80
70
60 PERCENTAGE
50
40
30
20
10
0
MALE FEMALE
INTERPRETATION
From the above chart indicates that the out of 20 participants most are in the
male gender compare to female gender.
4.2 Table showing the marital status of the respondents
PERCENTAGE
70
60
50
40 PERCENTAGE
30
20
10
0
MARRIED UNMARRIED
INTERPRETATION
From the above chart indicates that the out of 20 respondents most of are in the
unmarried compare to the married status.
PERCENTAGE
60
50
40
PERCENTAGE
30
20
10
0
BELOW 20 21-30 YEARS 31-40 YEARS ABOVE 40
YEARS YEARS
INTERPRETATION
From the above chart indicates that the out of 20 respondents most of in the age
group of 21-30 years, second age group are 31-40 years, third age group are
above 40 years, least in the age group of below 20 years.
PERCENTAGE
45
40
35
30
25
20
15 PERCENTAGE
10
5
0
EL N N R
LEV TIO TIO THE
L A A O
OO DU DU Y
H A A AN
SC GR TG
R
O S
P
INTERPRETATION
From the above chart indicates that the out of 20 respondents most are in the
qualification of graduates, second in the post graduates, finally both are equal
qualification in school level and any other qualification.
PERCENTAGE
30
25
20
15
PERCENTAGE
10
5
0
E
ILE
S
RE
S RS ILE
S LS TS
AR B O DE B ICA EN
W O ST A O TR M
A RD M NI TR M EC AR
H A TO EL G
R
KI AU
INTERPRETATION
From the above chart indicates that the out of 20 respondents most are in the
electrical and garment retailers, second in the kirani merchants and traders, third
are in the mobile retailers, least in the hardware and auto mobiles retailers.
50
40
PERCENTAGE
30
20
10
0
BELOW 1 YEAR 1-2 YEAR 2-5 YEAR ABOVE 5 YEAR
INERPRETATION
From the above chart indicates that the out of 20 respondents most are in the
above 5 years of business experience, secondly in the 1-2 years of business
experience then below 1 years business experience are nill.
40
30
20
10
0
RURAL URBAN
INTERPRETATION
From the above chart indicates that the out of 20 respondents most are in the
urban compare to the rural locality.
4.8 Table showing the opinion about your business after implementation of
GST
PERCENTAGE
80
70
60
50
PERCENTAGE
40
30
20
10
0
VERY GOOD GOOD NEUTRAL POOR VERY POOR
INTERPRETATION
From the above chart indicates that the out of 20 respondents more opinion about
their business is good then few are in very good then equal opinion in neutral,
poor and very poor.
4.9 Table showing the opinion about your business flow after Revised GST
implementation in tax percentages.
40
30
20
10
0
VERY GOOD GOOD NEUTRAL POOR VERY POOR
INTERPRETATION
From the above chart indicates that the out of 20 respondents more are in the
opinion of business flow after revised GST is Good then few respondents are in
poor and finally equal opinion in very good and neutral.
NEUTRAL
HIGHLY DISSATISFIED
HIGHLY SATISFIED
SATISFIED
DISSATISFIED
1 2 3 4 5
INTERPRETATION
From the above chart indicates that the out of 20 respondents most are in the
satisfaction with the present GST opinion is satisfactory, equal in high satisfaction and
neutral least in the highly dissatisfied.
SECTION-B
50
40
PERCENTAGE
30
20
10
0
STRONGLY AGREE NEUTRAL DIS AGREE STRONGLY
AGREE DIS AGREE
INTREPRETATION
From the above chart indicates that the most in the opinion of agree, secondly
beneficial is neutral, thirdly strongly agree and least in disagree.
INTREPRETATION
From the above chart indicates that the most are in the equal opinion of strongly
agree and agree, second opinion is neutral and least opinion is the disagree and
strongly disagree.
4.13Table showing the flow of goods across the nation without any kind of barriers
after implementation of GST.
INTERPRETATION
From the above chart indicates that the out of 20 respondents most are in the
equal opinion of strongly agree and agree, second opinion is neutral and least in
the disagree and strongly disagree.
4.14 Table showing the GST will reduce the complexity for retailers and make the
distribution channel efficient.
50
40
PERCENTAGE
30
20
10
0
STRONGLY AGREE NEUTRAL DIS AGREE STRONGLY
AGREE DIS AGREE
INTREPRETATION
From the above chart indicates that the out of 20 respondents most are in the
opinion is agree, second opinion is strongly agree, then equal opinion in the
neutral and disagree and least in the strongly disagree.
4.15 Table showing the end price for consumers will also reduce because of GST.
INTERPRETATION
From the above chart indicates that the out of 20 respondents most are in the
equal opinion of strongly agree and agree, few are in neutral opinion and least in
the disagree and nill in the strongly disagree.
4.16 Table showing the GST is benefit to retail sector in big way, except some
clauses.
INTREPRETATION
From the above chart indicates that the out of 20 respondents most are in the
neutral opinion, secondly disagree and finally both are equal opinion i.e strongly
agree and agree.
4.17Table showing the GST will lessen the retailers tax burden as it will streamline
everything into single tax.
INTREPRETATION
From the above chart indicates that the out of 20 respondents most are in the
equal opinion i.e agree and neutral, secondly disagree, least opinion is strongly
disagree.
4.18 Table showing the government should rationalize and simplify the tax
structure.
INTREPRETATION
From the above chart indicates that the out of 20 respondents most are in the
neutral opinion, secondly in agree opinion, thirdly in strongly disagree and least
are equal opinion i.e, strongly agree and disagree.
CHAPTER -5
FINDINGS, SUGGESTIONS AND CONCLUSION
5.1FINDINGS
1. The most respondents are male gender
2. the most respondents are unmarried and their age groups are in 21-30 years and their
education qualification are graduates.
3. The most of the respondents are from urban locality.
4. The opinion about their business flow after implementation of GST in beginning stage
is good
5. The most of the respondents are satisfied with the present GST system.
6. The most of the respondents are strongly agreed that the free flow of goods across the
nation without any kind of barriers after GST implementation.
7. The most of the respondents are agreed and neutral GST will lessen the retailers tax
burden as it will streamline everything into single tax.
5.2 SUGGESTIONS
1. Retailers and wholesellers are aware about the GST system but they lack prominence
about rules.
2. For successfull implementation of GST system it is necessary for the retailers need to
upgrade their IT framework.
3. Due to decision of government to deploy tax (which has left some retailers feels
discontent).
4. Post GST implementation sales may godown either temporarly or for a long time
which might send business to closure.
5. GST will bring monetary benefit for the FMCG sector in long run.
5.3 CONCLUSION
From this research work it has been concluded that implementation of goods and
services tax in India is now necessary and deployed. It has created a significant effect on
dealers and retailers by the implementation of proposed system of taxation dealers and
retailers will have high beneficiaries.
Though retail sector has evolved into an orgainised revenue generating sector still number
of obstacles or posed due to the taxation system. The effect of GST which has on retail sector
as positive significance as it will reduce indirect tax facilitate seamless imput tax credit and
increase supply chain efficiency.
CHAPTER 6
BIBILOGRAPHY
REFERENCE
Questionnaires
Name: Contact:
Section A
5. Type of Retailer:
7. Locality of Business
Section-B