A STUDY ON IMPACT OF GST ON FAMILY BUDGET

The Goods and Services Tax (GST) is one such reforms to ease the complex multiple indirect tax regime in India which was implemented on July 1, 2017. A single category of tax created by amalgamating different types of indirect taxes by State and Central Governments under one head is known as GST. The overall objective of the present study is to analyze the impact of GST on family budget. The target population of the study was the investors in Alappuzha district Kerala. Convenient sampling was used as a technique of collecting data and 100 investors were taken as the sample population. The research design adopted was descriptive research and primary data were collected through Google forms. The result of analysis by use of hypothesis study and application of chi-square test revealed that there is significant difference exist in percentage of savings and investment objectives across categories of monthly income.