Study on attitude of small traders towards goods and services tax in Bengaluru City

Abstract

The main objective of GST is to eliminate the cascading impact of taxes on production and distribution cost of goods and services. GST serves a superior reason to achieve the objective of streamlining indirect tax regime in India and it has positive impact on small traders. The small traders are possessing favourable attitude towards Goods and Service Tax and they are agreed with are they supporting Goods and Service Tax fully, they are realizing essentiality for Goods and Service Tax, they are highly interested to know a lot of things about Goods and Service Tax, they feel Goods and Service Tax is simplified one, they are getting benefits because of Goods and Service Tax, they are free from paying multiple taxes due to Goods and Service Tax, they are ready to pay Goods and Service Tax in time and they think Goods and Service Tax is the best suitable method, Significant difference is prevailing amongst profile of small traders and their attitude towards Goods and Services Tax and their profile. Attitude of small traders towards Goods and Services Tax is positively, significantly and moderately related with their performance.