Impact of Goods and Services Tax on the Performance of Non-Profit Organisations with Special Reference To Select Charitable Trusts in Tamil Nadu

Abstract

Goods and Services Tax (GST) is the biggest tax reformsince India's independence. The study aims to identify the perception of NPOs and the impact of Goods and Services Tax on their performance in select Charitable Trust. This reform brought India’s diverse tax portfolio into a single taxation system. It has subsumed the majority of Indirect Taxes. GST is levied on the supply of Goods and Services. It is a destination-based, consumption-based, comprehensive, multistage tax. NGOs in Tamil Nadu have been actively working for genuine social development programs and welfare activities of urban and rural communities. The study utilized a descriptive research method and a simple random sampling technique. The sample included 150 charitable trusts in Tamil Nadu, and the collected data was analyzed using various statistical tools such as exploratory factor analysis, ANOVA, correlation, and multiple regression. Hence, better Goods and Services Tax Compliances are essential for every charitable trust.This paper tries to prove the relationship between various goods and services tax compliances and the performance of NPOs in select charitable trustsin Tamil Nadu.