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Pratham GST Calculator 1.2
Pratham GST Calculator is Application for SimpletaxationCalculation of GST rates and reverse GST rates.Introduction GSTIndia : GST can be defined as a destination basedcomprehensive taxlevy on manufacture, sale and consumption of goodsand service. Itsubstitutes all indirect taxes levied on goods andservices by thecentral and state government in India. It replacedmultiplecascading taxes levied by the central and state government.Hence,it is called 'GST: One nation, One tax'. The Center andstateswould have simultaneous jurisdiction for the entire valuechain.The GST tax will be levied on every value addition. It aimsto fillthe dodges in the current system thereby boosting theIndianeconomy and to eliminate the doubly taxation which leadstobeneficial impact to the GDP growth of the country. Theuniformityof tax and structures has left far-reaching impact onalmost allaspects of the business operations in India and increasedtheefficiency in logistics. GST has two components: 1) CGST(centralgoods and services tax) 2)SGST(state goods and servicestax) CGSTis a central component of GST that subsumes all indirecttaxescollected by the Centre. The tax collected under thiscomponentbecomes revenue for central government according totaxation law ofIndia. SGST is a state component of GST thatsubsumes all indirecttaxes collected by different states of India.The tax collectedunder this component becomes revenue for stategovernment accordingto taxation law of India. GST council hasfinalized rates for allthe goods and major service categories undervarious GST slabs of0%(zero rate), 5%(lower rate), 12% and18%(standard rates) and28%(higher rate). This GST calculator appamenities for twofunctions as it includes GST calculator andreverse GST calculator.1) Reverse GST tax calculator: this functionhelps you to calculatethe rate on actual GST rate. 2) GST taxcalculator: this functionhelps you to calculate GST amount bychoosing specific rate slab.This calculator will show the actualamount, CGST amount, SGSTamount and total amount. The peculiarityof this app is that italso calculates the decimal value other thanvarious GST calculatorapps in India.