Casio India has announced the launch of the world’s first GST calculator. The Goods & Services Tax(GST) was introduced back in 2017. Casio India adopted the mission to provide a single solution for all GST based calculations. Surveying different Indian markets to understand the nuances of the invoicing process over the past year across the nation, Casio India is introducing two new innovations MJ-120 GST and MJ-12GST dedicated to the Indian market.
The GST calculator is equipped to navigate the challenging environment and develop smooth functionality by easing the issues faced by Indian retailers post the introduction of GST. This product will be ideal for anyone dealing with GST based invoicing. Here are some of the key features of the Casio MJ-12 GST and MJ-120GST calculators:
- In-built GST tabs
All the five (0%, 5%, 12%, 18% and 28%) GST are in-built in MJ-120GST and MJ-12GST. Separate buttons for the GST slabs will drastically reduce the number of clicks, hence reducing the time required to process the invoice. The tax slabs are changeable as per the industry needs.
- Gross value (net value + Tax), net value and tax paid
Under different GST slabs stay stored in the GST+0, GST+1, GST+2, GST+3, GST +4 buttons and the overall value in the five slabs stays stored in the GST GT button.
- Tax- Mode application
While working with the different markets the company recognized that taxpayers and traders calculate the base value of products by deducting tax from MRP. Hence, a TAX- feature for all the five tax slabs to calculate the base value from MRP was introduced. Tax-mode has its application in calculating the base value and net profit earned.
- Multi-industry use
The functionality of GST+/tax- key makes MJ-120GST can calculate values in multiple formats i.e. the gross value from the base value in GST+ mode and base value from the gross value in Tax- mode. Further, the GST GT key is for calculating the gross value of a GST based calculation and can it can also be used for calculating the grand total of a calculation.
Pricing and Availability
The Casio MJ-12GST is priced at INR 398 and the MJ-120GST is priced at INR 475 and are available at all leading Stationery Stores across India.
Mr. 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.”
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