Consumers' Perception Regarding the Design and Structure of State VAT: An Empirical Study about the Jammu and Kashmir State

Abstract

The success or otherwise of tax system depends on a number of factors. Prominent among these factors is its structure or design. A tax system ought to be designed in such a way that it bridges the gap between the rich and the poor, offers maximum social advantage, contributes generously to the exchequer and minimizes the cost of collection. It must be certain about the time, place and mode of payment. It should also be convenient, diversified and neutral.

The present study attempts to assess and analyse the perception of consumers about the design and structure of State Value Added Tax in Jammu and Kashmir. Besides, the study aims to suggest the ways and means to make the structure of State VAT more attractive and friendly to the consumers.