The Union Finance Minister Arun Jaitley has launched a mobile app “GST Rates Finder” in his chamber in the national capital on Saturday, to help users to find rates of GST for various goods and services.
The delegation will discuss issues concerning Goods and Services Tax (GST) recently imposed in India in relation to the bilateral Trade and Transit Treaty between the two countries, officials said here. Reports suggest that this double taxation would have resulted in a loss of Rs 800 crore to the aviation industry on aircraft lease. The application has been produced by the Central Board of Excise and Custom (CBEC).
On the midnight of June 31, President Pranab Mukherjee along Prime Minister Narendra Modi inaugurated the long awaited- GST bill effective from July 01, 2017.
Showing concern on the possible impact on Goods and Services Tax (GST) imposed by the Indian government, a high level government team is holding talks with the Indian government officials on Tuesday.
It can be downloaded on any smartphone phone and works in offline mode as well. We can find this “GST Rates Finder” mobile app on the Android Platform. “Inquiry the whole list or respective categories of charges for Goods and Services”.
“Supply by an employer to an employee in terms of contractual agreement entered into between employer & employee, will not be subjected to GST, ” the ministry added. What the government had implemented, he said, was a GST with at least seven rates.
“In pre-GST regime, sanitary napkins attracted concessional excise duty of 6 per cent and 5 per cent Value-Added Tax”. He noted that authorities and businesses were “unprepared or under-prepared” for the tax regime and said its launch should have been deferred by two months, while the GSTN (goods and services tax network) should have been put on a trial run.
The chief commissioner of GST (Delhi zone) has clarified that the tax department only wants to facilitate the process for shopkeepers and traders during the transition to the Goods and Services Tax (GST) regime.