A STUDY ON THE EFFECT OF GST UPON ONLINE CONSUMERS WITH REFERENCE TO SAGAR CITY

Abstract

In India the (GST) is one of the major taxation transformations which all set to incorporate State economies and enhancement whole growth. Earlier, industries and businesses pay lot of indirect taxes for example VAT, service tax, sales tax, entertainment tax, octroi and luxury tax. But at present the GST will already implement and all these taxes will conclude to exist. Now there will be only one tax, that too at the national level, monitored by the central government. There are numerous responses, advices and thoughts amongst the public as an outcome of the government's plan was implemented the Goods and Services Tax (GST) from 1st July 2017 this year. There was a mammoth uproar against its effectuation. The purpose of this study is to know the impact of GST on online consumers on the Implementation of Goods and Services Tax. The main objective of the GST to create a particular, integrated market that will provide an advantage to the corporate and the economy both simultaneously. India would get a world class tax system and progress tax collections by integration of goods and services taxation. The uniform indirect tax is levied on Goods and Services across a country is known as a Goods and Service Tax (GST). It is a comprehensive tax imposed at each point of value chain from manufacture or sale point to consumption point of goods and services at a national level. When Tax is put only on value addition with input tax credit facility then there is no chance of tax cascading at any stage. It will bring about a qualitative change in the tax system due to GST will reallocate the problem of taxation rightfully between manufacturing and services sectors. The adaptations will be abridged encouraging a common market through the nation. By adopting a GST-Goods and service tax in India which help to the changed indirect tax system. The execution has caused in complex prices for goods and services and consequently this tax may reason problem to publics due to this some of them gave positive opinions and some others gave negative responses. It can show that publics are silent fuzzy and did not know what is GST. Hence, an attempt is made in this present paper to study the concept of goods and service tax and identify the impact of GST on online consumers on the implementation of Goods and Service Tax (GST) in India.