'GST Rate Finder' App launched by Government to check New Rates

10 July, 2017, 00:36 | Author: Warren Cooper
  • With the help of this app user can determine GST rate for a good or a service by entering the name or chapter heading of the commodity or service

Mumbai: Finance Ministry has launched 'GST Rates Finder' mobile app with an aim to ease the entire process of filing of the Good and Services Tax.

Download the "GST Rate Finder" App from Playstore on your Android Mobile Phones. As per CBEC, the GST Rate Finder application will soon be accessible on the iOS stage also.

The app also works in offline mode.

The Goods and Services Tax or GST has become operation from 1st of July, and it is believed to revolutionize the way of doing business and and paying taxes.

Finance Minister, Arun Jaitley said, "A taxpayer can search for applicable CGST (Central GST), SGST (State GST), UTGST (Union Territory GST) rate and Compensation Cess on a supply".

Once downloaded, you will be able to see three catogories namely ' TAX rates: Goods", "TAX rates: Services' and Information @CBEC. Finance Minister Arun Jaitley launched this app on Friday. "Successful implementation of the GST has replaced around 20 central and state taxes such as factory-gate duties, service and local taxes while unifying the Asia's third largest economy".

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The ministry mentioned, "The search can be made based on the description of goods or services or HSN Chapter or section or heading number".

Click on any of the item and a pop-up will appear on screen, which displayed containing the GST rate of the item.

It has touted the GST Rates Finder mobile app as a tool to give powers to not just the taxpayers but every citizen of India to know about the correct GST rate on goods and services.

Prime Minister Narendra Modi had termed the GST as a good and simple tax which will end harassment of traders and small businesses while integrating India into one market with one tax rate.

It also contains the description of goods or services and the chapter heading of the Harmonised System of Nomenclature (HSN).

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