New Delhi, Nov 14 (KNN) In order to simplify the GST calculations for tax payers, the Japanese electronics company ‘CASIO’ has launched World’s first GST calculator in India for a price starting at Rs 395.

The company has brought in 2 GST calculators MJ-120GST and MJ-12GST in the Indian market which will be easily available for purchase on leading stationery stores.

The new GST calculators are launched to provide solutions for GST based invoicing.

The calculators feature built-in GST tabs for all five tabs- 0%, 5%, 12%, 18% and 28% and include separate buttons for the GST slabs to reduce the time required for processing invoice.

In its press release, Casio mentioned that the tax slab buttons that include GST+0, GST+1, GST+2, GST+3, GST +4 are changeable as per ‘industry standards.

These five buttons will store Gross value (net value+ Tax), net value and tax paid under GST slabs, it added.

The new Casio GST calculators feature a tax-mode application as well that will help taxpayers and traders to calculate the base value of products by deducting tax from MRP.

The MJ-120GST calculator comes with a GST+/tax- key that can calculate values in multiple formats i.e., gross value from the base value in GST+ mode and base value from the gross value in Tax- mode.

The GST GT key in the calculator can further determine the gross value of a GST based calculation. The MJ-120GST is priced at Rs 475 in India.

Commenting over this development, CASIO India, Vice President, Kulbhushan Seth, said “As market leaders in the calculators’ category, Casio India is committed to making meaningful innovations that help its customer’s day in and day out.”

Proud to announce the launch of the World’s first GST calculator, he said “CASIO GST calculator’s features bring a refreshing touch to the whole calculator’s category. It will make manual invoicing easy and hassle-free.”