Perception of Consumers towards Deduction through General Sales Tax(GST)in Pakistan: An Empirical Investigation in Pakistan

Abstract

The Goods and Services tax is one of the most discussed topic in Pakistannow a days. The PakistanGovt. decision to implement the 17% GST on 1st July 2019has affected every member in the country. Financial issues such as inflation, rising cost of living,economic instability and the implementation of GST have impacted many Pakistanconsumers in terms of their spending. However the government has undertaken various efforts to study the effect and impact, to disseminate the information, to educate the public and to improve their understanding on the need of GST in taxation system. Even so at the early stage of implementation the public appears to be confused on the actual operations of the GST system. Many questions and complaints has been reported and lost to the related authorities for further action. This incident raises questions on the level of awareness and knowledge of the people about GST. To get a clearer picture on the degree of public awareness knowledge and understanding of GSTin Pakistan,This study will pays specific focus on these areas which are necessary and this study aims to review the consumer’s awareness towards the implementation of GST in Pakistanand its effects on end users.