Goods and services tax (GST) is a new indirect tax system designed to replace all existing indirect taxes in India. Under the new tax structure, every value addition in the supply chain of goods and services will be taxed. GST will impact both individuals and businesses and there could be a slight increase in the cost of goods and services.

However, the new tax system aims to simplify the tax system and eliminate the cascading effect of taxes. The GST calculator online is a useful tool that can help businesses and individuals calculate the total GST payable or the amount of input tax credit they are eligible to claim. It can also be used to calculate the GST refund on exports. The GST calculator online is a valuable asset in understanding and simplifying the new tax system that will be introduced throughout India.