Despite such provision in the treaty, the traders and freight forwarders have been complaining to the government about slow pace of movement of goods during export and import of goods to and from India since last week when the Indian Government enforced GST. This official Mobile App is here to help citizens of India search for various Goods, Services and their respective GST Rates in detail. "Mobile app "GST Rates Finder" is available on android platform and will soon be available on iOS platform", Finance Ministry said in a tweet.
The Finance Ministry informed that the mobile app can be downloaded on any smartphone and works in offline mode also.
"The user can determine the GST rate for a goods or a service by entering the name or the chapter heading of the commodity or service. Though, within the existing GST law such accumulated input tax credit (ITC) will be refunded, it will have associated financial costs [interest burden] and administrative costs, putting them at a disadvantage vis-à-vis imports", the statement read.
"BJP had directed all its MLAs and MPs to create awareness of advantages of GST among people", he said.
The services extended by employees to their employers in course of or in relation to employment will be exempt from the scope of the new tax regime, said a tweet by the Arun Jaitley-led Finance Ministry.
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They can search for applicable CGST, SGST, UTGST rate and Compensation Cess on a supply. Other raw materials such as thermo bonded non-woven, release paper and wood pulp attract GST of 12 per cent, it said.
"From an MSME perspective, GST will bring many positives compared to the current systems such as easy process of availing input credit, single point tax, elimination of cascading tax system, and simpler taxation", according to the ASSOCHAM and Ashvin Parekh Advisory Services (APAS) joint study titled Emerging Mantras for Bankers-Borrowers.
The search result will then list all the goods and services.
The University is also planning to organize an open seminar for faculty members, students, traders and businessmen on the GST and the key speakers for the seminar will be prominent tax officers, charted accountants and consultants.