The effects of the interstate/intrastate transactions of GST regime in India and the processes involved to successfully comply with the GST Tax Calculator.

1. GST Tax Calculator: Interstate and Intrastate
Transactions
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The Goods and Services Tax is a new taxation regime that has been
implemented all over India by the combined efforts of the GST Council and
the government. But since implementation, the business owners, whether big
or small, are facing problems related to the proper calculation of tax in
India.
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The Goods and Services Tax is destination based and divided into three
broad tax categories. These categories are:
1. CGST- Central Goods and Services Tax
2. SGST- State Goods and Services Tax
3. IGST- Integrated Goods and Services Tax
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CGST
In the case of CGST, a portion of the amount received as tax goes to the
Center government. This tax is levied on the intrastate supply of the goods
and services. The central government directly receives the applicable
CGST.
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SGST
In the case of SGST, a portion of the amount received as tax goes to the
State government. This tax is levied on the intrastate supply of the goods
and services. The state government directly receives the applicable SGST.
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Now in India, various businesses are involved in the supply of the goods and
services that are carried out from one state to another. To avoid the taxation
hassle for such businesses, the government introduced a different category of
IGST.
In the case of IGST, a portion of the amount received as tax goes to both the
center and state governments, divided into two equal parts, thus keeping the
federal powers of both the governments intact.
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IGST

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The functioning of the GST Tax Calculator
Suppose if the transaction is intrastate then a user will have to give input on
two primary things:
1. The tax rate/slab under which the purchase/sale of the goods or service
comes.
2. The amount of the goods and services charged by the provider.
The calculator will separately calculate the CGST and SGST applicable to
that particular transaction.
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Suppose if the transaction is interstate then a user will have to give the
same input as given in the intrastate transaction. Once the user puts the tax
rate and amount, the calculator will give the applicable IGST on that
particular transaction.
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Intrastate Transaction

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The benefit of taxpayers
Using a GST tax calculator can benefit the user in multiple ways:
1. The high-level and accurate calculation of the tax liabilities.
2. Make calculation based on the GTS exemption list of the goods and
services.
3. Calculation of the tax liabilities as per the rules and regulations of the state.
4. Minimized expenses on consulting the financial experts.
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Exemption Management
The government, for the ease of the micro and
small businesses, has exempted some
businesses completely and kept them aside far
away from the effects of the new taxation
regime. To make the calculations easy, online
GST Tax calculator is made advanced and
integrated with the exemption management
system.
While you use the tax calculator, the goods
and services exempted from the GST regime
would be easily accessible to you, thus helping
in determining that whether you have to pay
the GST on that particular good/service or not.
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The tax calculator does not only helps in the calculation of the taxes but it
ultimately benefits the user to maintain a quality GST compliance and tax
paying status.
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With the technology and taxation walking hands in hands, the overall
taxation in India could be improved and could result in the successful
implementation of the new taxation regime.
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