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The GST Act, implemented on July 1, 2017, revolutionized the Indian tax system by introducing the Goods and Services Tax. As a unified tax, it replaced various indirect taxes such as sales tax, VAT, and Excise Duty.
To comply with GST regulations, businesses in India must register for a GST Identification Number (GSTIN). Understanding and calculating GST accurately is crucial, and that's where Pluto Money's GST Calculator comes in handy.
Accurate Tax Calculation: Our GST Calculator provides precise calculations of the GST amount, ensuring you know the exact tax liability for your purchases. Stay informed and make well-informed financial decisions.
Time-saving Solution: No more manual calculations or guesswork. With our user-friendly GST Calculator, you can swiftly compute the GST amount, saving you time and effort.
Fraud Prevention: By knowing the accurate GST amount, you can protect yourself from fraudulent practices and ensure you are charged the correct tax for your purchases.
Convenience and Efficiency: Our GST Calculator simplifies the calculation process, making it easy for you to determine the GST amount for any product or service. Access it anytime, anywhere, from your computer or mobile device.
Transparent Pricing: Understand the impact of GST on the final price of a product or service. Our GST Calculator helps you identify the tax component and evaluate the overall cost.
Formula used in the Pluto Money GST Calculator:
To add GST:
GST Amount = (Price x GST%)
Net Price = Cost of the product + GST Amount
To remove GST:
GST = Original Cost – [Original Cost x {100/(100 + GST%)}]
Net Price = Original Cost – GST
Experience the convenience and accuracy of Pluto Money's GST Calculator for all your tax calculations. Empower yourself with the knowledge of GST and make informed financial decisions.
