Questionnaire on GST

(1)

current taxation system in India

* Required Name * Professional status * Auditors Financial mangers Industrialist Business directors Statutory authorities

1. The tax system is all about balance between minimizing compliance costs and maximizing revenue *

Strongly Agree Strongly Agree Agree

Neither Agree nor disagree Disagree

Strongly Disagree

ution chain with harmful economic consequences. *

Strongly Agree Agree

Disagree

Strongly Disagree

3. Current taxation system for goods and service in our state made in the tax design and administration the systems at both central and state levels remain complex. *

(2)

Strongly Disagree

4. Uniformity of rates especially in the neighboring states helpful traders and service providers have to be benefited *

Strongly Disagree

5. To do business in India usually finds it difficult to comprehend the complex tax laws and operational modalities *

Strongly Disagree

6. The Government should rationalize and simplify the tax structure, and provide an efficient and assessee friendly tax administration with zero red tape *

Strongly Disagree

Excise Duty

7. Taxes applicable currently: on Excise duty (manufacturing duty for goods manufactured 7. Taxes applicable currently: on Excise duty (manufacturing duty for goods manufactured in India or counter veiling duty for imported goods) varying from zero to 14% depending on the product is complications for tax compliance. *

(3)

Strongly Disagree

9. All cesses and surcharges and state taxes differ across states, fragment the national 9. All cesses and surcharges and state taxes differ across states, fragment the national market boundaries. *

Strongly Disagree

10. Excise duty on the cost of manufactured goods gets levied on the sales tax element (or custom duty & cess) paid on raw materials imported *

Strongly Disagree

11. The price of any input going into production will have a cost and a tax component this system ensure that when trade blocks on cascading of taxes *

Strongly Disagree

12. The Goods and Services Tax (GST) is a tax we have to pay every time we buy goods or services. In this system, the consumer pays the final tax but an efficient input tax credit system ensures that there is no cascading of taxes *

(4)

Strongly Disagree

VAT (Value Added Tax)

13. VAT improves the revenue growth to the state and country *

Agree

Strongly Disagree

14. VAT reduces material cost and comparing with the sales tax is abundantly found in the observation vat system *

Strongly Disagree Strongly Disagree

15. Vat curtails sales tax at different stages of Purchase of goods and service *

Strongly Disagree

16. VAT checks the tax evasion periodically at different stages of Purchase of goods and service *

Strongly Disagree

17. VAT features are highly competent to allot benefit to the government. So, the channel of distribution and flow of VAT must be reformed. *

(5)

Strongly Disagree

18. A transparent approach to Rate of Tax, Refund Procedure, helps to improve accounting procedures. *

Agree

Strongly Disagree

19. The percentage of the Raw Material (5 percent) and Finished Goods (14.5 per cent) are in difference with 9.5 per cent. It is very difficult to pay. So the percentage can be reduced to the rate of Raw Material and it should be equalized. *

Disagree

Strongly Disagree

20. The uniform rate of VAT for all the products should be maintained throughout the country. *

Strongly Disagree

21. The consumer should get the bill for their every purchase. So the government will be 21. The consumer should get the bill for their every purchase. So the government will be benefited through the VAT. *

Strongly Disagree

(6)

level. *

Strongly Disagree

23. Transparency is required at all the level in order to obtain effective functioning in the VAT system in all the states of India. *

Strongly Disagree

24. The single window system and Abolition of CST are indispensable to obtain the 100 per cent success of VAT *

Disagree

Strongly Disagree

25. The tax applicability and e-filing plays a vital role in the VAT system. It gives mutual benefits to the Consumers and Government. *

Strongly Disagree

CST: Central Sales Tax

26. The abolition of central sales tax and design of Goods and Service tax to benefit for consumer and authorities

(7)

Strongly Disagree

27. C-form procedure is to be simplified, to ensure smooth co-ordination with the consumers

Strongly Disagree

Service Tax

28. The service tax structure increases the overall cost for Consumers *

Disagree

Strongly Disagree

Luxury Tax, Entertainment Tax and Entry Tax

29. Class-differentiated consumption patterns that are helpful in tax design for some luxury products

Agree

Strongly Disagree

30. The cascading effect of these multiple taxes has resulted in structural distortions in the

(8)

Strongly Disagree

31. Regulatory issues such as multiple taxation and lack of single window clearance helps hospitality and tourism sector

Disagree

Strongly Disagree

32. The effective rate of tax on the customer is very high

Strongly Disagree

33. Increasing the entry tax impact on fall of production in many industries 33. Increasing the entry tax impact on fall of production in many industries

Strongly Disagree

34. Municipal Corporation in Maharashtra are now preparing to scrap the octroi tax collected at various entry points in the city and instead introduce a local body tax (LBT) to increase the revenue

Strongly Disagree

(9)

Strongly Disagree

36. GST will boost up economic unification of India; it will assist in better conformity and revenue resilience; it will evade the cascading effect in Indirect tax regime. *

revenue resilience; it will evade the cascading effect in Indirect tax regime. *

Strongly Disagree

37. In GST system, both Central and state taxes will be collected at the point of sale. Both Components (the Central and state GST) will be charged on the manufacturing cost. It will reduce the tax burden for consumers. *

Strongly Disagree

38. It will result in a simple, transparent and easy tax structure; merging all levies on goods and services into one GST. *

Strongly Disagree

39. It will bring uniformity in tax rates with only one or two tax rates across the supply chain. It will result in a good administration of tax structure. *

(10)

40. GST may broaden the tax base. It will increase tax collections due to wide coverage of goods and service. *

Strongly Disagree

41. GST will reduce transaction costs for taxpayers through simplified tax compliance *

Strongly Disagree

42. The GST is based on self-assessment. Taxable persons file returns and pay GST at their own initiative in accordance with their statutory obligations *

Powered by Disagree

Strongly Disagree

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