★ It's best for calculate exclusive or inclusive taxes on goods or services.
★ Set a custom GST rate in %.
★ Set a custom item quantity.
★ In one touch changing between Exclusive to Inclusive or Add GST to Remove GST.
★ In one touch changing between Intra-State to Inter-State.
★ Easy to understand and result shows accurate.
★ Calculated value show into different fiels like Net Amount(Basic Amount), IGST, CGST, SGST, CESS Total Amount according to needs.
Goods and Services Tax (GST) is an indirect tax which was introduced in India on 1 July 2017 and was applicable throughout India which replaced multiple cascading taxes levied by the central and state governments. It was introduced as The Constitution (One Hundred and First Amendment) Act 2017, following the passage of Constitution 122nd Amendment Act Bill. The GST is governed by a GST Council and its Chairman is the Finance Minister of India. Under GST, goods and services are taxed at the following rates, 0%, 5%, 12% ,18% and 28%.
To determine whether Central Goods & Services Tax (CGST), State Goods & Services Tax (SGST) or Integrated Goods & Services Tax (IGST) will be applicable in a taxable transaction, it is important to first know if the transaction is an Intra State or an Inter-State supply.
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