Questionnaire on GST

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Study on Harmonization of the taxation systems

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 Agree Neither Agree nor disagree Disagree Strongly Disagree

ution chain with harmful economic consequences. * Strongly Agree Agree Neither Agree nor disagree 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. * Strongly Agree Agree Neither Agree nor disagree Disagree

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Strongly Disagree

4. Uniformity of rates especially in the neighboring states helpful traders and service providers have to be benefited * Strongly Agree Agree Neither Agree nor disagree Disagree Strongly Disagree

5. To do business in India usually finds it difficult to comprehend the complex tax laws and operational modalities * Strongly Agree Agree Neither Agree nor disagree Disagree 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 Agree Agree Neither Agree nor disagree Disagree Strongly Disagree

Excise Duty

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. * Strongly Agree Agree Neither Agree nor disagree Disagree Strongly Disagree

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8. Currently there are indirect taxes such as excise duty and countervailing duty, special additional duty on customs, this causes effective tax rate to be high and the differences across states * Strongly Agree Agree Neither Agree nor disagree Disagree Strongly Disagree

9. All cesses and surcharges and state taxes differ across states, fragment the national market boundaries. * Strongly Agree Agree Neither Agree nor disagree Disagree 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 Agree Agree Neither Agree nor disagree Disagree 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 Agree Agree Neither Agree nor disagree Disagree 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 * Strongly Agree Agree Neither Agree nor disagree Disagree

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Strongly Disagree

VAT (Value Added Tax)

13. VAT improves the revenue growth to the state and country * Strongly Agree Agree Neither Agree nor disagree Disagree Strongly Disagree

14. VAT reduces material cost and comparing with the sales tax is abundantly found in the observation vat system * Strongly Agree Agree Neither Agree nor disagree Disagree Strongly Disagree

15. Vat curtails sales tax at different stages of Purchase of goods and service * Strongly Agree Agree Neither Agree nor disagree Disagree Strongly Disagree

16. VAT checks the tax evasion periodically at different stages of Purchase of goods and service * Strongly Agree Agree Neither Agree nor disagree Disagree 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. *

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Strongly Agree Agree Neither Agree nor disagree Disagree Strongly Disagree

18. A transparent approach to Rate of Tax, Refund Procedure, helps to improve accounting procedures. * Strongly Agree Agree Neither Agree nor disagree Disagree 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. * Strongly Agree Agree Neither Agree nor disagree Disagree Strongly Disagree

20. The uniform rate of VAT for all the products should be maintained throughout the country. * Strongly Agree Agree Neither Agree nor disagree Disagree Strongly Disagree

21. The consumer should get the bill for their every purchase. So the government will be benefited through the VAT. * Strongly Agree Agree Neither Agree nor disagree Disagree Strongly Disagree

22. The Value Added Tax makes an evasive attempt on insight level as well as execution

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level. * Strongly Agree Agree Neither Agree nor disagree Disagree 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 Agree Agree Neither Agree nor disagree Disagree Strongly Disagree

24. The single window system and Abolition of CST are indispensable to obtain the 100 per cent success of VAT * Strongly Agree Agree Neither Agree nor disagree 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 Agree Agree Neither Agree nor disagree Disagree 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 Strongly Agree Agree

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Neither Agree nor disagree Disagree Strongly Disagree

27. C-form procedure is to be simplified, to ensure smooth co-ordination with the consumers Strongly Agree Agree Neither Agree nor disagree Disagree Strongly Disagree

Service Tax

28. The service tax structure increases the overall cost for Consumers * Strongly Agree Agree Neither Agree nor disagree 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 Strongly Agree Agree Neither Agree nor disagree Disagree Strongly Disagree

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

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Neither Agree nor disagree Disagree Strongly Disagree

31. Regulatory issues such as multiple taxation and lack of single window clearance helps hospitality and tourism sector Strongly Agree Agree Neither Agree nor disagree Disagree Strongly Disagree

32. The effective rate of tax on the customer is very high Strongly Agree Agree Neither Agree nor disagree Disagree Strongly Disagree

33. Increasing the entry tax impact on fall of production in many industries Strongly Agree Agree Neither Agree nor disagree Disagree 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 Agree Agree Neither Agree nor disagree Disagree Strongly Disagree

Implication of GST in India

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35. It is my sense that there is a large consensus that the country should move towards a national level GST that should be shared between the centre and the states. * Strongly Agree Agree Neither Agree nor disagree Disagree 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. * Strongly Agree Agree Neither Agree nor disagree Disagree 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 Agree Agree Neither Agree nor disagree Disagree 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 Agree Agree Neither Agree nor disagree Disagree 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. * Strongly Agree Agree Neither Agree nor disagree Disagree Strongly Disagree

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40. GST may broaden the tax base. It will increase tax collections due to wide coverage of goods and service. * Strongly Agree Agree Neither Agree nor disagree Disagree Strongly Disagree

41. GST will reduce transaction costs for taxpayers through simplified tax compliance * Strongly Agree Agree Neither Agree nor disagree Disagree 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 * Strongly Agree Agree Neither Agree nor disagree Disagree Strongly Disagree

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