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

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

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

CBEC released the GST rates mobile app.

In a tweet, the IT Minister Ravi Shankar Prasad disclosed that the mobile app could be downloaded from Google Play Store. It also be available on android platform and will soon be available on iOS platform.

The app also works in offline mode.

On a request to exempt Idly batter and match boxes from GST, the Union minister of Commerce and Industry said the same would be placed before the GST council for consideration.

Speaking at the state capital, the Union minister projected Chhattisgarh as the future logistic hub of the country, citing advantages due to the geographical location of the state.

"BJP had directed all its MLAs and MPs to create awareness of advantages of GST among people", he said.

"First app of its kind which would be a ready reckoner for public, for customers, for consumers, traders, students, anyone who wishes to have very handily (GST) rates available". The search can be made based on the description of goods or services or HSN Chapter or section or heading number.

The Goods and Services Tax (GST) is the biggest reform in India's indirect tax structure. It will facilitate its users to do business easily in India.

It also contains the description of goods or services and the chapter heading of the Harmonised System of Nomenclature (HSN). GST Mobile application has been propelled to give the precise data about the expense rates under GSt (Goods and Services Tax).

ClearTax CEO Archit Gupta explained the implication in detail to and said, "What they mean is that if an employer allows use of any business goods or assets which are used for a private goal or which are used for a objective which is not business related whether there is a payment involved or not, it will be treated as a supply and if something is treated as a supply it means that it will attract GST".