Exposed: Tax thieves out to sabotage GST

Taylor Byrd
July 11, 2017

"Although it is yet to see the actual impact of GST recently imposed by India, the government has targeted to address the problems that the traders are reported to have been facing following the GST implementation", Sainju added. GST Rates Finder is now available on the android platform and will soon be available on iOS platform.

GST Rates Finder app would also work in offline mode.

The app helps users lookup the GST rate for a goods just by keying in the name of the service/commodity.

Addressing a conference on the new tax regime in Chennai this morning, Mr Naidu said, it is historic that the power to decide on taxes has been transferred from the Legislature to the GST Council that is represented by both the Centre and the states. At the portal, a taxpayer can search for applicable CGST, SGST, UTGST rate and the Compensation Cess on a particular supply.

Sitharaman further informed that the idly dough manufacturing industry has also approached for a revision of the tax rate under the GST. "Now find out the correct rate of #GST on goods & services through a mobile app launched by @FinMinIndia", Union Minister Ravi Shankar Prasad tweeted.

The search can be made based on description of goods or services or HSN Code or heading number.

Reacting to the comment, Naidu said Chidambaram "wants to dampen the positivity emerging out of the transition towards GST".

"The GST regime will usher in lower taxes, seamless input tax credit, logistics savings and market share swings from unorganized to organised players", the statement added. For example, if a user enters Diamond in a search box of Tax Rate section, that particular list of description is displayed for buyers reference where the applicable GST rates and tax details are mentioned.

"Reducing the GST rate on sanitary napkins to nil, will however, result in complete denial of ITC to domestic manufacturers of sanitary napkins and zero rating imports".

Other reports by VideoGamingPros

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