GST Computation System

Abstract

We begin by elaborating on the important concept of – cascading effect of taxes. It is also, logically, referred to as “taxes on taxes”. It is simple to illustrate – say A sells goods to B after charging sales tax, and then B re-sells those goods to C after charging sales tax. While B was computing his sales tax liability, he also included the sales tax paid on previous purchase, which is how it becomes a tax on tax. The GST is introduced to combat this problem, among many others. The main purpose of our software will making the invoices task easy and handles all user GST invoicing/billing needs. Customer will select the product and proceed for the invoices by retailer. Retailer will enter the product detail in system and amount of the product. System will select the Tax percentage base on the particular 2product and calculate the actual amount and tax. It will show the total amount of product including GST rates.