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The GST calculator can be used by businesses of all sizes, from small traders to large corporations. It is an essential tool for companies to calculate the GST they have to pay on their purchases and sales and helps them maintain their records accurately.
The formula to calculate GST is straightforward. If the taxable value of a product or service is Rs. 100 and the GST rate is 18%, then the GST amount would be Rs. 18. The total price of the product or service, including GST, would be Rs. 118.
The GST calculator requires you to enter the taxable value of the product or service and the applicable GST rate. Once you enter these details, the GST calculator will calculate the GST amount for you.
In conclusion, the GST calculator is a useful tool for businesses in India to calculate the GST they must pay on their purchases and sales. It is a simple and effective way to maintain accurate records and comply with tax laws. With the help of the GST calculator, businesses can save time and effort in manual calculations, reduce the chances of errors, and determine the final price of their products or services.
GST Calculator solely designed for GST slabs (i.e. 3%, 5%, 12%, 18%, 28%)
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