The Goods and Services Tax or GST launched on the 1st of July, and it is set to revolutionize the way we do our taxes. GST is a multi-stage, destination-based tax that will be levied on every value addition. GST is working on the principle of one nation one tax.
Finance Minister Arun Jaitley along with Central Board of Excise and Customs (CBEC) officials launched an app called the 'GST Rates Finder' which helps Indians to understand GST easily.
GST Rates Finder allows consumers to verify the accurate tax rate on commodity and services under the Goods and Services Tax (GST) regime.
How to get the app?
The application has been launched on Android platform and is expected to be unveiled for iOS users shortly. You can go to google play store and download it. It can be downloaded on any smartphone and can work in offline mode as well, once downloaded.
The user can search for the various goods and services and their respective GST Rates and details. Search the entire list or respective categories of taxes for Goods and Services.
The user can determine the GST rate by entering the name or the chapter heading of the commodity or service. The search result will list all the goods and services containing the name which is typed in the search box
Working of app
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).
Once downloaded on the smartphones by the users, the GST Rates Finder app would also work in offline mode. The ‘GST Rates Finder' section has been uploaded on the online portal cbec-gst.gov.in to help taxpayers know applicable GST rate on their supplies.
The GST rate finder has been provided on the portal of the Central Board of Excise and Customs (CBEC). At the portal, a taxpayer can search for applicable CGST, SGST, UTGST rate and the Compensation Cess on a particular supply.
The search can be made based on the description of goods or services or HSN Chapter or section or heading number. These initiatives are aimed to serve as a ready reckoner on GST rates," the Ministry of Finance said in tweets.