INVESTIGATING THE PERCEPTION OF GST: A COMPARATIVE ANALYSIS OF DIFFERENT SOCIO-ECONOMIC GROUP IN JHARKHAND

Abstract

The implementation of the Goods and Services Tax (GST) in India marked a significant shift in the country's tax regime, aiming to streamline indirect taxes and boost economic growth. This study explores the perception of GST among various socio-economic groups in Jharkhand, a state characterized by its diverse demographic and economic landscape. Using a mixed-methods approach, the research involved quantitative surveys and qualitative interviews across urban, semi-urban, and rural areas, targeting groups differentiated by income, occupation, and education levels. The analysis revealed contrasting perceptions influenced by socio-economic status. Higher-income and well-educated groups generally viewed GST positively, appreciating its potential to unify the market and reduce tax evasion. In contrast, lower-income groups and small-scale business owners expressed concerns over compliance complexity and increased financial burden. The study also identified significant variations in GST awareness and its perceived impact on daily life and business operations. This comparative analysis underscores the necessity for policymakers to consider socio-economic diversity when implementing tax reforms and to tailor communication strategies that address the specific concerns of different groups. The study attempts to investigate the difference in perception of different groups of the society towards GST and also tries to examine the relationship between implementation of GST and various factors such as transparency in business, ease of doing business, impact on the price of the products , tax burden etc. Chi-Square test have been used for the study. By providing a nuanced understanding of GST perceptions, the findings aim to inform more equitable and effective policy measures, ensuring that the benefits of GST are more uniformly realized across all sections of society in Jharkhand.