The Goods & Services Tax has definitely brought in a new era in taxation. While many have welcomed the new tax structure, the GST is still beyond the comprehension of many consumers. Bringing in such a big change is always likely to leave people grappling with the new system and getting themselves up to speed.
GST Rate Finder
The Government is taking proactive steps to ensure citizens get a better and more relatable understanding of this new system. Beyond financial analysis and economic jargon, what people relate to at a basic level is the pricing of goods.
In this context, Finance Minister Arun Jaitley, along with CBEC officials, launched an app called GST Rate Finder which is available on Google Play Store. The app has been made to help both consumers and traders search for specific goods and services along with their GST rates. It is possible to search the entire list or respective category of taxes for Goods and Services.
The concept of having multiple tax slabs is still not clear to a large part of the population, as observed from the results of a survey by mobile news application Way2Online.
A recent survey showed that over 55% of the population is unaware of the GST. The Government has also tried other ways of spreading awareness about the GST among the masses. Noteworthy is the GST Master Class, where experts from finance along with finance ministry officials addressed queries of stakeholders and professionals about the GST and its impact. Revenue Secretary Hasmukh Adhia was also to present his opinions and provide a clearer perspective of the GST.
Speaking of Apps…
Know what else is available on the Play Store? The Cashify app – where you can sell your gadgets and get yourself the best deals possible, within 48 hours.