Government launches 'GST Rates Finder' App To Know New Tax Rates

Government launches 'GST Rates Finder' App To Know New Tax Rates

The famous peanut candy "Kadlai Mittai" industry of Tamil Nadu raised speculation over the tax rate under the newly implemented Goods and Services Tax (GST).

The app will help consumers to find accurate prices of each good they buy in any store in the country.

"The business community can post their GST related query on EY India Tax Insights App, DigiGST website - www.ey.com/in/digigst and EY_India on Twitter", a release in New Delhi said.

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GST Rates Finder app would also work in offline mode, once downloaded on the smartphones by the users.

Speaking at a conference MODI (Making of Developed India) and GST, jointly organised by ICAI, South Indian Hotels and Restaurants Association, World Tamil Economic Foundation and Arma Medical Foundation, he said 'GST is a good and simple tax regime. "Although it is yet to see the actual impact of GST recently imposed by India, the government has targeted to address the problems that the traders are reported to have been facing following the GST implementation", Sainju added.

Arun Jaitley is the Finance Minister. The taxpayers can get a GST rate finder on its portal http://cbec-gst.gov.in to know about applicable GST rate on their supplies.

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Reducing the GST rate on sanitary napkins to nil, will however, result in complete denial of ITC to domestic manufacturers and zero rating imports.

Using this app, we can also search the applicable CGST, SGST, UTGST rate. Also, the revenue collection through GST would ensure more benefit to the states as compared to the Centre, he said.

The user can scroll down the list of description and when any specific item on the list is clicked, the display window pops up, containing details such as GST rate, description of goods or services and the chapter heading of the Harmonised System of Nomenclature (HSN). Here are the steps to find GST rates levied on various goods and services. "Inquiry the whole list or respective categories of charges for Goods and Services".

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