GST Calculator

what is GST?

In India, the Goods and Services Tax (GST) is a comprehensive, nationwide tax levied on the manufacture, sale, and consumption of goods and services. The GST was introduced in 2017 by the Indian government and subsumed several central and state taxes, including value-added tax (VAT), excise duty, service tax, Central Sales Tax (CST), etc.

Goods and Services Tax is levied on the supply of goods and services at the national level. It is a destination-based tax, which means that it is levied on goods and services consumed within the country. GST is collected by the Central Government and then distributed to the state governments.

There are four GST rates in India: 5%, 12%, 18%, and 28%. These rates apply to both goods and services.

 

How to use the online GST calculator?

An online GST calculator is a great tool for businesses to use to determine how much GST they should charge their customers. It is easy to use and can be accessed from any computer with an internet connection. This article will provide a step-by-step guide on how to use an online GST calculator.

 

Entering data into the online GST calculator

The GST is a value-added tax that is applied to most goods and services in Canada. It is important to know how much GST you will need to pay when making a purchase, and an online calculator can make this calculation quickly and easily.

 

What does the online GST calculator output?

An online GST calculator can be used to calculate the GST amount on a good or service. The user enters the good or service price, and the GST rate (5%, 12%, 18%, or 28%). The online GST calculator then outputs the GST amount.

For example, if the price of a good is Rs. 100 and the GST rate is 5%, then the outputted GST amount will be Rs. 5. This means that the final cost of the good will be Rs. 105 (including GST).

Similarly, if the price of a service is Rs. 200 and the GST rate is 18%, then the outputted GST amount will be Rs. 36. Therefore, the final cost of the service will be Rs. 236 (including GST).

 

 

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