GST Calculator India app allows you to calculate GST tax on any item with all tax rates slabs like )%, 0.25%, 3%, 5%, 12%, 18% and 28%. You can also copy and share result of calculation via whatsapp, facebook, sms etc. GST Calculator India apps allows you to calculate gst tax two ways gst tax inclusive rate and gst tax exclusive rate. App give following result as calculation:
* Goods / Services Price
* GST Tax
* Total Bill Amount
* GST Tax Rate
* GST Tax Inclusive or Exclusive
Additionally you can explore more about gst information like gst faq, gst on goods, gst on services in document format for all items and services.
What is Goods and Services Tax (GST)?
Ans. It is a destination based tax on consumption of goods and services. It is proposed to be levied at all stages right from manufacture up to final consumption with credit of taxes paid at previous stages available as setoff. In a nutshell, only value addition will be taxed and burden of tax is to be borne by the final consumer.
What type of GST is proposed to be implemented?
Ans. It would be a dual GST with the Centre and States simultaneously levying it on a common tax base. The GST to be levied by the Centre on intra-State supply of goods and / or services would be called the Central GST (CGST) and that to be levied by the States/ Union territory would be called the State GST (SGST)/ UTGST. Similarly, Integrated GST (IGST) will be levied and administered by Centre on every inter-state supply of goods and services.
Why is Dual GST required?
Ans. India is a federal country where both the Centre and the States have been assigned the powers to levy and collect taxes through appropriate legislation. Both the levels of Government have distinct responsibilities to perform according to the division of powers prescribed in the Constitution for which they need to raise resources. A dual GST will, therefore, be in keeping with the Constitutional requirement of fiscal federalism.
Note: This is not GST Calculator Official App which comes without any warranty and promises.