With its implementation from July 1, Goods and Service Tax (GST) has been successful in creating confusion among the consumers as well as businessmen. The people are confused about GST different tax slabs which are going to be imposed on different items or products.
In order settle that confusion, the government on Friday launched GST related app. The app is named as ‘GST Rate Finder’ which will tell us about the tax rates that are going to be levied under the GST regime. The app has been developed by the Central Board of Excise and Custom (CBEC).
CBEC chairperson Vanaja Sarna while launching GST app said, ” the First app of its kind which would be a ready reckoner for the public, for customers, 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”.
The app is currently available on Android platform but soon will be launched on Apple’s iOS store. Once the GST Rate Finder app has been installed on your handset then it can be used in offline mode as well. Apart from the GST app the rates can also be accessed from the CBEC GST website.
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”.
Apart, the government has taken ample of initiatives to educate and familiarise both consumers and traders about GST. Earlier this week the government started a series GST “masterclasses” which clarify any confusion or doubt regarding the new tax regime while providing an option to address their queries also. The series are in the form of hour-long programs which are telecast live on the state run television channel Doordarshan along with live webcasts.
Below is the sneak picture of the GST Rate Finder app which is launched in order to create awareness about the different tax slabs introduced under this major tax reform.
Will keep you updated about what’s going next under the new tax reform.