ATTITUDE OF RETAILERS TOWARDS GST WITH REERENCE TO NAGERCOIL CITY

Abstract

This research paper explores the Attitude of Retailers towards Goods and Services Tax (GST) on retailers in Nagercoil City, focusing on their awareness, perception, and the practical challenges encountered since its implementation on July 1, 2017. GST is a comprehensive indirect tax levy on manufactures, sales and consumption of goods and services at the national level. Our society has different opinion, reaction and different arguments against this new tax regime. India has more or less impacted every major and minor business sector in the country while some industries are seeing growth as a result of decreased taxes some others are facing a decrease in sale because of increased taxes. The Retail sector plays a major role in the economic development of the nation. Retailers like any other entity with the supply of goods and services are subject to GST when their turnover exceed 20 Lakhs. The data for the study was collected by means of structured questionnaires with the sample of 150 respondents. Findings reveal that while GST has led to increased compliance and some positive economic outcomes, retailers face ongoing challenges related to tax procedures and documentation. The study offers insights for policymakers and recommendations for improving GST compliance among retailers.