COMPLIANCE OF GOODS & SERVICES TAX PROVISIONS BY ASSESSEES IN MADURAI DISTRICT

Abstract

Goods & Services Tax is the emerging field of taxation for raising Government revenue. It offers tremendous revenue potential to the Government. Compliance is an important issue for both tax administrators and tax payers so that the total tax collections are accurate and finally could reduce the tax gap.  It would, therefore, be desirable for every person, concerned with tax on GST to be equipped with intricacy governing service tax laws. Considering the above aspect, an earnest attempt has been made to analyse the opinions of Goods & Service tax assessees on the compliance of GST provisions in Madurai District and to exhibit the sources that would lead to effective voluntary compliance on part of the taxpayers. For the purpose of the study a  sample survey of Goods & Service tax assessees constitutes 150 respondents from Madurai District. In this study the predictors (which tend to influence Goods & Service tax compliance) tested were based on Awareness level of Goods & Service tax assesses,  Goods & Service tax Education, Knowledge on Goods & Service tax, Attitudes of Goods & Service tax assessees  and Administrative measures.