The app will help consumers to find accurate prices of each good they buy in any store in the country. 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. Even the Finance ministry said in a tweet that this mobile app "GST Rates Finder" is now available for the Android platform and is soon going to be a reality for iOS platform. It can be downloaded on any smartphone and can work in offline mode as well, once downloaded. The launch of the GST rates mobile app by CBEC was done with a sole goal of facilitating the ease of doing business in India initiative, Finance Ministry added.
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The official handle of Finance Ministry wrote, "A taxpayer can search for applicable CGST, SGST, UTGST rate and Compensation Cess on a supply". "Now find out the correct rate of #GST on goods & services through a mobile app launched by @FinMinIndia", Union Minister Ravi Shankar Prasad tweeted. "Inquiry the whole list or respective categories of charges for Goods and Services". On the very same day, a couple in Koriya, Chhattisgarh gave birth to a baby girl and named her GST after the tax services.
The ministry mentioned, "The search can be made based on the description of goods or services or HSN Chapter or section or heading number".
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Click the products name emerged in the list, the tax rate will appear. "These initiatives are aimed to serve as a ready reckoner on GST rates".
On July 1, India implemented Goods and Services Tax - a first of a kind for the nation.
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The pop-up window will also contain the description of goods or services and the chapter heading of the Harmonised System of Nomenclature (HSN).