The article discusses how to calculate Goods and Services Tax (GST) online using inclusive and exclusive GST. GST is an indirect tax applied to the supply of goods and services in India, levied on the value added to goods and services at each stage of the supply chain. Inclusive GST calculation involves calculating the tax that is included in the price of the item, while exclusive GST calculation separates the tax amount from the price of the item. To calculate GST using the inclusive method, divide the total price by the GST rate, plus 100%. The formula for calculating GST inclusive of the total price is (GST rate / 100) x (total price) = GST component. For exclusive GST calculation, multiply the pre-GST price by the GST rate, and divide the result by 100. The formula for calculating GST exclusive of the total price is (pre-GST price x GST rate) / 100 = GST component.

The article suggests using a reliable GST calculator, which is an online tool that allows you to input different amounts to calculate the GST. A GST business loan is an ideal option for businesses with a GST registration looking to grow their business. When applying for a GST business loan, a good credit score, excellent financial track record, and proper documentation to support your loan application are essential to secure a loan.

Applying for a GST business loan can be a great way to access quick funds for growth. By staying on top of GST calculations, businesses can navigate their finances effectively and avoid penalties.