Promoting Tax Literacy Through GST Education: Evidence from Student Perspectives

Abstract

The introduction of the Goods and Services Tax (GST) has significantly transformed the indirect taxation system, making it essential for commerce students to develop a strong conceptual and practical understanding of GST as a part of their overall financial literacy. In this context, the present study aims to examine the need for introducing GST as a subject within the academic curriculum, particularly in commerce education. The research further analyzes the perception of students towards GST as a subject, with a specific focus on students pursuing Bachelor of Commerce (B. Com) and Master of Commerce (M. Com). The study is based on primary data collected through a structured questionnaire administered to B.Com and M.Com students. The research helps in exploring the awareness and interest of GST and how it is perceived by the students. Additionally, the research helps to understand how relevant the students find GST if it is added to the curriculum and the challenges associated with teaching obstacles including lack of practical training and experience of teachers. The research is helpful to get an insight on the student attitude towards the GST education and the importance of including GST as one of a main subject in the commerce courses. On the basis of analysis through this study, suitable suggestions are made towards the improvement of teaching faculty as well as student’s ability to retain the core practical concepts of GST as a subject. It involves building of a curriculum and syllabus that includes use of case studies, and integration of digital tools.