Name the central minister who launched GST Rates Finder App.
VerifiedAnswer: Finance Minister Arun Jaitley
Explanation:
Finance Minister Arun Jaitley launched the GST Rates Finder App as part of the government's initiative to make the Goods and Services Tax system more accessible and user-friendly for businesses and citizens. This mobile application was introduced to help users quickly find the applicable GST rates for different goods and services under India's unified tax structure.
The GST Rates Finder App was designed to address the confusion that many taxpayers faced when GST was first implemented in July 2017. With thousands of goods and services categorized under different tax slabs (0%, 5%, 12%, 18%, and 28%), it became challenging for businesses and consumers to determine the exact tax rate applicable to specific items. The app served as a digital solution to this problem by providing instant access to GST rates through a simple search function.
Arun Jaitley, who served as India's Finance Minister from 2014 to 2019, played a crucial role in the implementation and promotion of GST. As the architect of this major tax reform, he was instrumental in launching various digital initiatives to support the new tax system. The GST Rates Finder App was one such technological tool that demonstrated the government's commitment to leveraging technology for better tax administration and taxpayer convenience.
