A STUDY ON IMPACT OF GST ON COST OF LIVING OF STUDENTS: A GENDER PRESPECTIVE

A STUDY ON IMPACT OF GST ON COST OF LIVING OF STUDENTS: A GENDER PRESPECTIVE

Akshita Garg (Student, Galgotias University)

Aditya Kumar (Student, Galgotias University)

Dr. Poonam Singh (Assistant Professor, Galgotias University, Greater Noida)

ABSTRACT

“This study intends to examine how the Goods and Services Tax (GST) affects students' cost of living, specifically from the standpoint of gender. Many nations have introduced the GST, a consumption-based tax system, and it has the potential to have an impact on a variety of elements of people's life, including their financial security. However, research on its precise effects on students and any potential gender differences is still lacking. This paper conducts a thorough assessment of the literature to analyse the effects of the GST on the cost of living and its consequences for students, with a focus on gender inequalities. It looks into how the GST affects essentials like housing, food, and other necessities as well as important goods for students' daily lives including education-related costs. This study seeks to identify any potential inequalities and offer insights into the policy consequences by looking at the gendered aspects of the GST's influence on students' cost of living. The results of this study will further the body of knowledge on taxes and the gendered effects they have by providing policymakers and other key stakeholders with a greater awareness of the difficulties facing students, particularly in terms of affordability and long-term financial viability. The goal of this research paper is to produce recommendations based on evidence and to expand the conversation about gender-specific GST implementation challenges.”

KEYWORDS

Goods and Services Tax (GST), Cost of living, Students, Gender perspective, Higher education, Affordability, Consumer prices, Financial burden, Expenditure patterns, Essential items, Education-related expenses, Overall Impact.