Youngsters’ Cognition Towards Goods and Services Tax (GST) In India: A Study Focused on Non-Finance Undergraduates
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Abstract
This study intends to assess the cognition of “youngsters” towards the Goods and Services Tax (GST) in India. Cognition of GST is crucial, especially among students, who are future taxpayers. For the purpose of this study, only students studying non-finance subjects or who have passed out are included in ‘Youngsters’. While finance students often learn about GST, it is important to assess the knowledge and attitude of non-finance students as well. The respondents of the study were 200 Undergraduate students from various colleges in Kerala. Collected data were analysed using simple percentages and chi-square tests. This study found that although most non-finance students have heard of GST as a present tax in India, they lack a basic understanding of its nature, benefits, and practices. It is observed that low awareness causes a negative or neutral attitude towards GST. The study also found that the programmes pursued, and academic grades of non-finance students have a significant influence on their awareness level. This study indicates the need to create a clear awareness about GST among the youth to develop a positive attitude towards GST.