A Study on Perception of Engineering Faculty Towards Goods and Services Tax (GST) in Guntur, Andhra Pradesh, India

GST is an Indirect Tax which has reinstated many Indirect Taxes in India. The Goods and Service Tax Act was passed in the parliament on 29th March 2017. The Act came into effect on 1st July 2017.1 Until now, many people are less understanding and confused regarding GST system and give a negative perception about it. Accordingly, this study attempts to find out perception on GST in Guntur, Andhra Pradesh. This research consequently, is an effort to find out perceptions of the engineering faculty about GST. A survey was conducted in Guntur, Andhra Pradesh to understand engineering faculty perceptions on GST. This research is an attempt to know the engineering faculty perceptions towards the aims at the look after of the GST policy. A study was conducted at different engineering colleges and universities of Guntur district of Andhra Pradesh. A questionnaire was used to interview 200 individuals. About the GST, An analysis of the table shows the information sources about GST. Out of 200 respondents majority 58 (29.0%) respondents are known about GST through Electronic media, followed by 49 (24.5%) respondents are known about GST through friends/relatives/peers, followed by 45 (22.5%) respondents are known about GST through Print media, 35 (17.5%) are known about GST from all sources, followed by 13 (6.5%) are known about GST from social media in the study area. An analysis of the diagram shows the GST will boost the Indian economy in the long run, majority 85 (42.5%) are strongly agree that GST will bring boost Indian economy followed by 61 (30.5%) respondents are agree, 33 (16.5%) respondents are neutral, 19 (18. 5%) respondents disagree, 2 (1.0%) strongly disagree in study area. Most of the engineering faculty are not fully aware of GST and have some apprehensions on GST. A grand insurgency is hitherto to take place in the near future in the indirect tax system i.e. GST, so the faculty is not fully aware of the concepts. But, India being a democratic country should make clear to its citizens about the GST. Therefore, it is the need of each and every citizen to have awareness about the new GST. If faculty will have awareness they can create awareness in the minds of students who are becoming young entrepreneurs in near future and making India a vibrant and dynamic country