GENESIS OF GOODS AND SERVICES TAX (GST) IN INDIA: CONSUMERS’ PERCEPTION TOWARDS ITS IMPLEMENTATION, WITH SPECIAL REFERENCE TO GUWAHATI CITY, ASSAM

Goods and Services Tax (GST) is an indirect taxation system in India. This taxation system replaces the old indirect taxation system and helps to remove cascading effects which is beneficial for the consumers. This new taxation system has a significant contribution in Indian economy which is undeniable as it increases the revenue of Central Government and respective State Governments. This study has been conducted to understand the perception of the consumers after implementation of GST regarding different goods and services in India. For this study the researcher has taken 100 samples and analyse the perception of consumers for this new indirect taxation system. It is found that consumers are aware about the GST rates but not very much aware about their own rights thus have little knowledge about National AntiProfiteering Authority.