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GST Tax Calculation

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This topic contains 0 replies, has 1 voice, and was last updated by Avatar Vinobalan 4 months, 3 weeks ago.

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    Vinobalan

    Implementation of GST has affected various aspects of business operation ranging from product pricing to tax compliance. A number of products and services become cheaper and other become heavier. However, the expected single tax slab, a multi tax slab has become four different tax rates 5%, 12%, 18% and 28%. The essential goods and services cannot be taxed at the same rate as luxury products and services. The Bill is being implemented with the intension of double taxation and irregularities regrading the same. The cost of goods and services can be calculated using an online GST Calculator that is available.

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