Goods and service tax was introduced by the government of India as flagship initiative under which the government decided to do away with the indirect tax regime system and introduced goods and service tax with a tagline of one nation, one tax. The main purpose was to bring all the indirect taxes under one umbrella and ensure that the taxpayer have limited liability.
GST Collection includes Central GST, State GST, Integrated GST in the form of collections. Under GST law, various processes were made for Registration, Refunds, Filing returns, E-billing, claiming Input tax credit etc. These were categorized under GST compliances and also mentioned as parameters for calculating GST compliance rating scores. Due to GST implementation, various sectors were affected, but Indian Textile sector could be considered as the most affected sectors amongst all. Also textile industry is one of the oldest and has a larger share of GDP than other industries. The tool used for this study is questionnaire and interview method. In this paper, firstly we will understand the concept of GST compliance costs and its awareness among persons working in textile firms located in Delhi NCR regions. Secondly, we will compare the GST compliance system in India with the other selected countries.
Key words: GST Compliance, Input Tax Credit, Awareness, Textile sector, Revenue, E-invoicing
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