The GST Calculator in India has made GST calculation very simple. The Calculator gives you instant results, hence saving you a lot of time. All you need to do is enter the net amount of a good or service and the applicable GST rate (5%, 12%, 18% or 28%) in the appropriate fields. Next, you just have to click on the 'Calculate' button and immediately get the price of the good or service. The calculator also gives you the option to either add or remove GST rate from the net price of the product or service.
Goods and Services Tax or GST is one of the biggest taxation reforms in the history of India. It has replaced all indirect taxes levied on goods and services by the Indian Central and State governments. It has formed a single, cooperative and undivided Indian market that will eventually make the country’s economy stronger.
GST in India came into effect from the 1st of July 2017. It is a replacement for the multiple taxes imposed by the central and state governments. Here are some of the major benefits of implementing GST:
While there are so many advantages of GST, the execution of GST has complicated certain aspects of business performance, especially for small businesses which are not very familiar with taxation terms. This is where the online GST calculator in India comes into the picture.