Calculate invoices with GST (exclusive or inclusive), discounts, and get a full breakdown with CGST & SGST split.
GST (Goods and Services Tax) is a unified indirect tax in India that replaced multiple taxes. It's a consumption-based tax collected at each stage of production.
Different products and services fall under different GST slabs based on their nature and necessity.
Understanding the difference helps you price correctly and avoid confusion with clients.
A well-formatted invoice ensures timely payments and maintains professional relationships.
If your annual turnover exceeds ₹40 lakhs (₹20 lakhs for services), GST registration is mandatory. Even below this threshold, you can voluntarily register to claim input tax credit.
CGST (Central GST) goes to the central government, while SGST (State GST) goes to the state government. For intra-state transactions, both are collected. For inter-state transactions, IGST (Integrated GST) is collected instead.
Yes, if you're GST registered, you can claim credit for GST paid on business purchases. This reduces your overall tax liability. Keep all invoices and bills for documentation.
Most businesses file monthly returns by the 20th of the following month. Some eligible businesses can file quarterly returns. Check the GST portal for your specific filing frequency.
Not issuing invoices is a violation of GST rules and can result in penalties. Always issue invoices for every transaction, even if the client doesn't ask for one.