Question

Original price of a mu motor car is RS 90.0000
Amount of GST is Rs. 95100. Find the rate of GST​

Answer 1

GST Calculator is an effective tool that can be used to determine the amount of tax applicable on different products and services. The tool essentially helps you find out how much a product or service would cost after the application of GST.

GST, which is short for Goods and Services Tax, is an indirect tax system that came into effect on July 1, 2017. It is a comprehensive, destination-based, multi-stage tax levied at every value addition. The new tax regime has replaced a number of indirect taxes that were previously in place. GST is a single indirect tax for the whole nation, conceived on the principle of 'one nation, one tax, one market'.

GST is paid at the time of procurement of goods and services and set off against that payable on the supply of goods or services. The wholesaler or

manufacturer or retailer will incur the applicable GST rate, but can later claim it back via the tax credit mechanism. This ultimately means that every seller recovers the tax from buyers, thus placing the burden of taxes on those who are the end users of goods and services.

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