GST Calculator

What is GST Calculator?

A GST (Goods and Services Tax) calculator is a tool that helps individuals and businesses to calculate the GST applicable to a given product or service. GST is a value-added tax that is levied on the supply of goods and services in India. It is a comprehensive tax that is levied on the manufacture, sale, and consumption of goods and services at the national level.

To use a GST calculator, you need to enter the value of the product or service, the GST rate applicable to it, and any applicable discounts or exemptions. The calculator will then compute the GST payable on the product or service based on this information.

For example, if you are selling a product for INR 100 and the GST rate applicable to it is 18%, the GST payable on the product would be INR 18. If there are any discounts or exemptions applicable, they will also be taken into account in the final calculation.

GST calculators are useful for businesses as they help them to accurately calculate the GST payable on their products or services, which is important for compliance with tax laws. They are also useful for individuals as they can help them to understand the GST applicable to the products or services they are purchasing, which can be useful for budgeting and financial planning.

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