An Empirical Study of Attitude of Chartered Accountants of Ahmedabad City towards Implementation of GST

Goods and Service Tax law in India is a Comprehensive multi-stage, destination based tax that is levied on every value addition. In other words, Goods and Service Tax is an indirect tax levied on the supply of goods and services. GST law has subsumed many indirect tax laws that previously Goods and Service Tax law in India. Under this regime, the tax will be levied at every point of sale. In the pre GST regime, tax on tax was calculated and paid by every purchaser including the final consumer. GST avoids these cascading effects as the tax was calculated only on the Value added at each stage of transfer of ownership. The Goods and Service Tax has a reason to give numerous opportunities to the financial care takers of companies and organizations who rely on Chartered Accountant for all their statistical and accounting data maintenance. We are developing countries where a large number of startups and small companies are working independent. After the GST implementation these companies has started working according to the new taxation system. So the awareness about the new tax system and proper training on GST laws is required For CA's. The objective of this paper is to study the awareness and perception of GST by the Chartered Accountants from Udaipur district. The research is based on primary data collected from various CA's practicing as financial consultants for small business and small scale industries by preparing a questionnaire and the data is also collected from the published articles and research engines. The research studies the perception of the Chartered Accountant towards their clients that how much they understand the current tax system. The research will help the CA'S to analyze the various perception and training required for the CA's to implement the GST law on various medium and small scale business.