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GST Rates Finder App Released for Consumers

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The government has now released a new mobile app to know the GST Rates. The mobile app was launched on Friday to verify accurate tax rates on commodity and services under the new GST Act. The app is only available for Android platform as of this writing. It will soon be developed for iOS (Apple devices) too and can be used in offline mode once downloaded. If you don't have a smartphone you can also check this detail from website here: cbec-gst.gov.in . Get the app from Android Play Store: https://play.google.com/store/apps/details?id=in.gov.cbec.gsttaxratemanual Learn more .
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What is GST - Details of GST Explained in Simple Terms

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GST Benefits, Rates Explained Goods and Services Tax is an indirect tax implemented on July 1st, 2017 throughout India. This replaced all the existing taxes that governed Goods and services across India. These were collectively called as cascading taxes levied by the State and Central Governments. This Act is formulated and governed by the GST Council whose Chairman is the Finance Minister of India. What taxes did GST replace: GST replaced several existing taxes including: services tax, customs duty, surcharges, octroi, central excise duty, inter-state transportation of goods. There are 4 different GST rates: 0%, 5%, 12%, and 18%. There is also a special rate of 0.25% on rough precious and semi-precious stones. The GST rate on Gold is 3%. In addition a cess of 15% or other rates on top of 28% GST applies on some items that aren't used by everyone in the society like aerated drinks, luxury cars, and tobacco products. What are the GST Rates on different products?  Soaps 18% Washi...
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7 Key GST Benefits in Layman Terms

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Simpler tax system GST is supposedly eliminating 15+ different taxes like the Central Excise duties, VAT, service tax. This will simplify tax calculations and eventually reduce the price we pay on many goods and services. International Competence GST Would enable competitiveness of Indian products and services in the international markets and thus improve economic resistance and growth for India. Cost of doing business becomes lower GST will not be a cost to registered retailers and therefore there will be no hidden taxes. Thus, the cost of doing business becomes lower, encouraging local businesses and 'make in India' programs to increase the entrepreneurs within India. No more state entry checkposts + Reduced Transportation Cost Since there is no state specific taxes any more, all the state border checkposts are now gone for good. This way transportation costs comes down for essential goods that gets transported every day between various Indian states. Also, ecommerce giants ...
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