The long-awaited change in the old tax system in India finally took place on 1 July 2017 with the introduction of the Goods and Services Tax regime. Since the launch of the GST, there has been a long list of pseudo-experts debating the viability. and the impact of the new tax regime on the Indian Economy. However, there is a lot of confusion in the public about this. Government of India is doing its best to people educated about GST both offline and online. Still, there’s a lot to be desired when educating people about such a complex issue as taxation. However, in the beginning, all we need to know as end consumers is how GST will affect the prices of the goods and services we use on a daily basis. So, if you’re wondering about this, Here is how to find GST rates for any product in India:
Find GST on Products Using GST Rate Finder App
There are many websites and blogs online that can help you look up prices for products covered by GST, but they may contain inaccurate information as there is still a lot of confusion on the subject. So the best place to start would be to get information from the government itself. However, it is difficult to visit the official website to get information as most of the time the information is hidden and buried under a ton of noise. To understand this problem, GoI launched an app This helps people find the tax rate for products covered by GST. available for application free on android and the government plans to launch an iPhone app soon.
The application is quite simple with two main submenus; Tax Rates for Goods and Tax Rates for Services. Touching the menu Different tax brackets of GSTTapping will show you all the goods or services that fall within that tax bracket.
If you don’t know what category your queries are in, just click the search icon at the bottom right and type your item. For example, I called the phone and got six different results. by tapping on the corresponding result will show you the category and tax rate item as shown in the figure.
This is a very useful application to learn about the tax brackets under which your required goods or services fall. Also, since this is the official app, you can rest assured that the information is 100% correct.
Find GST Rates Using GST Awareness Campaign
If you want to know about GST and learn a little more about tax rates, GoI also runs many workshops. around the country. You can attend any such workshop held in your area. The workshops focus not only on the consumer side of things, but also on small and medium businesses. If you own a business, you should definitely visit and attend the workshop at least once as it will help you follow your tax filing procedures. You can do visit the official website and see for yourself if there are any upcoming workshops in your area. As far as I understand, there is no registration process, you just need to note the date and address and also visit the venue.
Stay Updated on GST with GST India
If you want to stay up to date with the daily happenings in the news surrounding the GST topic, GST India website must be followed. acts as archive of anything and everything posted daily on the GST issue by various websites and media outlets. It won’t help you much with information gathering, but it will certainly inform you about the daily media reaction on the matter. In turn, you will be one of the first to know about any changes or clarifications published by GoI in the GST, as it will be heavily media-reported and you will definitely find it here. Besides written content, you can also find links to videos in the video section that gets their content from YouTube. As mentioned earlier, the website will serve more of a discussion room than a classroom.
SEE ALSO: Top 15 News Apps to Stay Up-to-Date for iPhone and Android
Find Out Taxation Rates Under GST
Use the website and apps above to get clarity on tax rates under GST. Overall GST is a very good tax reform that India had to put into practice yesterday. But it’s better late than never. In conclusion, I would like to point out that you should not believe everything you read or hear (positive or negative) in the GST. Get an informed perspective first and then evaluate the new law. If you have any doubts on the matter, please let us know in the comment section below.