Perceptional Analysis on the Input Tax Credit under the Goods and Services Tax

Abstract

Input tax credit is the most vital facet of the present Indian goods and services tax regime. It was introduced with the objective of flawless tax credit framework by removing cascading effect of taxes and to create India as a common national market (1). Despite the passage of a half-decade of the GST implementation in the country, there are still numerous issues with input tax credit (ITC). The present study was carried out for the purpose of examining tax facilitators’ perceptions of the perceived attributes of the ITC in order to arrive at certain pertinent suggestions. The study used a simple random sampling procedure to select the 111 sample respondents and their responses were gathered using a well-designed questionnaire. The data gathered was analysed by a one-way ANOVA statistical method and the study revealed that the perceptions of tax facilitators about the perceived attributes of input tax credit, are not significantly different.