GST Rate Finder App: The government has launched GST Rate Finder app on Friday. As the name suggests, it provides all the tax rates that are to be levied under the new GST (Goods and Services Tax) regime.
The app is currently made available for Android users and will be rolled out for Apple’s iOS users soon. The Finance Ministry confirmed that the rates could be accessed by checking the CBEC GST website. GST Rate Finder app can also be used in offline mode once after it has been downloaded.
“First of its kind app would be a ready reckoner for public, for consumers, traders, students, anyone who wishes to have very handily (GST) rates available. So, if you are in a market, a restaurant or anywhere you can easily check what the (GST) rate is,” says, Vanaja Sarna, Chairperson at Central Board of Excise and Custom (CBEC).
The government has introduced few initiatives to educate consumers and traders about the GST. Parliament’s central hall is broadcasting live for the entire nation since it launched GST in an elaborate midnight function of June 30-July 1.
“A taxpayer can search for applicable CGST (Central GST), SGST (State GST), UTGST (Union Territory GST) rate and Compensation Cess on a supply,” says the Finance Ministry.
Recently, the government started a series GST “masterclasses” which aims to clarify queries and confusions about GST. These GST masterclasses are hour-long programs held across six days in a week. They are telecasting live on Doordarshan along with other live webcasts. Primarily, the “masterclasses” are conducted by Revenue Secretary Hasmukh Adhia and other senior government officials who are believed experts of GST.
GST is one of the most ambitious tax reforms since independence in India. Also, this subsumes over a dozen central and state taxes that were posed on goods and services, bringing the country under a uniform tax regime. It is believed that this might add 2 per cent to India’s GDP (gross domestic product).