The GST calculators are incorporated with built-in tabs for all the five GST slabs including zero per cent, 5 per cent, 12 per cent, 18 per cent and 28 per cent
Japanese electronics company, Casio, has launched new GST (Goods and Services Tax) calculators in Indian market, which are specifically designed to offer solutions for GST-based invoicing. The company introduced two models of GST calculators – MJ-12GST and MJ-120GST.
The GST calculators are incorporated with built-in tabs for all the five GST slabs including zero per cent, 5 per cent, 12 per cent, 18 per cent and 28 per cent. In order to reduce the time for processing invoice, these calculators have separate buttons for GST slabs, the company said in a statement.
The buttons for tax slab include GST+0, GST+1, GST+2, GST+3, GST +4 and can also be changed according to the ‘industry standards.’ These five tax slab buttons will store the gross value (net value + tax), net value and the tax paid under the different slabs of GST, it informed.
In addition, the new GST calculators of Casio are incorporated with a tax-mode application feature that will aid traders and taxpayers in calculating the base value of products by subtracting tax from the maximum retail price (MRP).
Casio’s MJ-120GST model features a GST+/tax- key for calculating values in several formats i.e., base value from gross value in Tax- mode and gross value from base value in GST+ mode. The calculator comes with a GST GT key that can be further used to determine the gross value of a GST-based calculation.
World’s first GST calculator
Commenting on the development, Kulbhushan Seth, Vice President, CASIO India, said, “As market leaders in the calculators’ category, Casio India is committed to making meaningful innovations that help its customers day in and day out. We are proud to announce the launch of the world’s first GST calculator. CASIO GST calculator’s features bring a refreshing touch to the whole calculator’s category. It will make manual invoicing easy and hassle-free.”
The calculators are reasonably priced, starting from Rs 395. Both the models of calculators are be available for buying at all the leading stationery stores across the country.