![]() Our experts suggest the best funds and you can get high returns by investing directly or through SIP. Save taxes with ClearTax by investing in tax saving mutual funds (ELSS) online. ClearTax can also help you in getting your business registered for Goods & Services Tax Law. Our Goods & Services Tax course includes tutorial videos, guides and expert assistance to help you in mastering Goods and Services Tax. Our GST Software helps CAs, tax experts & business to manage returns & invoices in an easy manner. Further you can also file TDS returns, generate Form-16, use our Tax Calculator software, claim HRA, check refund status and generate rent receipts for Income Tax Filing.ĬAs, experts and businesses can get GST ready with ClearTax GST software & certification course. You can efile income tax return on your income from salary, house property, capital gains, business & profession and income from other sources. Just upload your form 16, claim your deductions and get your acknowledgment number online. ClearTax serves 2.5+ Million happy customers, 20000+ CAs & tax experts & 10000+ businesses across India.Įfiling Income Tax Returns(ITR) is made easy with ClearTax platform. Ledger for each tax head-IGST, CGST and SGST/UTGST.ĬlearTax offers taxation & financial solutions to individuals, businesses, organizations & chartered accountants in India. Liability in cash after considering the balances in electronic credit The tool works offline for you and automatically calculates the net GST input credit utilisation and tax calculation calculator. ![]() Profit margin earned by wholesalers and retailers.įor a detailed calculation of your net GST liability payable in cash, The cost of the product falls due under the GST regime and theĮnd-consumer has to pay a lesser price for the goods at the same 306282 x 12.5%) – (Credit on VAT paid above Rs. There is a cost reduction for manufacturers, who pass this benefitĪlong the supply chain to the wholesalers, retailers andĬalculation of GST by Wholesalers & Retailers: Particulars Savings on the cost due to change in tax. The manufacturer saves Rs.160 on a cost of 1000 points i.e. Given below is a simple illustration for GST calculation: ParticularsĬalculation of GST by Manufacturers: Particulars Value of supply – Įxamples for understanding GST calculation Where GST is included in the value of supply: Price to be charged = Value of supply + GST Amount With the final/ gross price of the goods and service to be billed.Īny business, manufacturer, wholesaler and retailer can calculate GSTĮasily with the help of the following formula: ClearTax GST calculator willĭisplay the tax amounts for each tax head CGST and SGST or IGST along
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