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Shop What's New Sign inGST, or Goods and Services Tax, is an indirect tax implemented in India on July 1, 2017. It replaced multiple indirect taxes previously levied by the central and state governments, aiming to unify the taxation system across the country.
India’s GST system has multiple tax slabs: 0%, 5%, 12%, 18%, and 28%. Different goods and services fall under these various slabs, depending on their nature and usage.
CGST (Central Goods and Services Tax): Collected by the central government on intra-state supplies.
SGST (State Goods and Services Tax): Collected by state governments on intra-state supplies.
IGST (Integrated Goods and Services Tax): Collected by the central government on inter-state supplies and imports.
UTGST (Union Territory Goods and Services Tax): Applicable on supplies within Union Territories, collected alongside CGST.
The calculator supports the primary GST rates: 5%, 12%, 18%, and 28%. Users can select the appropriate rate based on the goods or services in question.
Yes, the TaxSure GST calculator is designed to compute GST for both goods and services, making it versatile for various business needs.