International Journal For Multidisciplinary Research

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GST Awareness for Consumer Empowerment and Financial Literacy – An Exploratory Case Analysis

Author(s) Ramesh K, Mahalakshmi N
Country India
Abstract Financial literacy is one of the key aspects of any consumer empowerment initiative. Basic understanding of conducting transactions, availability of various payment and settlement systems and the prevailing taxation system applicable for goods and services are some essential ingredients of financial literacy. This minimum level of financial literacy will enable the consumers to protect their economic interest while making purchases and conducting transactions. GST being an indirect taxation on goods and services and the recipient consumers are supposed to incur Goods and Services Tax along with the purchases consideration, some basic knowledge and understanding of GST is essential for realizing consumer empowerment and financial literacy. This study, based on exploratory approach, intents to identify the essential concepts of GST that is required to be aware of by the consumers from the perspective of consumer protection and consumer empowerment. It also aims to identify the constructs and variables in relation to the public awareness on GST. This will enable researchers to undertake further research in areas such as public awareness on GST and consumer empowerment through GST awareness. This study mainly uses literature review as an exploratory method of secondary data collection and discussion with experts and consumers as the source of primary data.
Keywords GST awareness, GST literacy, consumer empowerment, financial literacy, financial inclusion
Field Business Administration
Published In Volume 6, Issue 5, September-October 2024
Published On 2024-10-15
Cite This GST Awareness for Consumer Empowerment and Financial Literacy – An Exploratory Case Analysis - Ramesh K, Mahalakshmi N - IJFMR Volume 6, Issue 5, September-October 2024. DOI 10.36948/ijfmr.2024.v06i05.28789
DOI https://doi.org/10.36948/ijfmr.2024.v06i05.28789
Short DOI https://doi.org/g8k5wd
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