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PTR, GST, and PTS Calculator

GST Rate Calculator

GST for Pharma Franchise In India: PTR, GST, and PTS Calculator

With the implementation of the Goods and Services Tax (GST) in India, the GST rates for Pharma Stockist and Pharma Retailer have been changed. The GST rates for Pharma Franchise in India are as follows:

GST Rate Calculator

The GST rate for pharmaceutical products is 12%. To calculate the GST on your product, you can use our online GST rate calculator. Simply enter the value of your product and click calculate. The GST will be calculated automatically.

If you are a pharmaceutical manufacturer or supplier, you can also use an online PTR and PTS calculator to calculate the taxes on your products. Simply enter the value of your product and click calculate. The PTR and PTS will be calculated automatically.

How to Calculate the PTR and PTS with GST for Pharma Retailers

The Goods and Services Tax (GST) is a value-added tax levied on most goods and services sold for domestic consumption in India. The GST is levied at different rates for different products and services, with the standard rate being 18%.

Pharmaceutical retailers are required to pay GST on the sale of drugs and other pharmaceutical products. However, there are two types of GST that can be levied on these sales: the Product Tax Rate (PTR) and the Point of Sale Tax (PTS).

The PTR is a tax that is levied on the sale of pharmaceutical products at the manufacturing stage. The PTS is a tax that is levied on the sale of pharmaceutical products at the retail stage.

To calculate the PTR, simply multiply the sale price of the pharmaceutical product by the GST rate of 18%. For example, if a drug is sold for Rs. 100, then the PTR would be Rs. 18 (100 x 18%).

To calculate the PTS, firstly determine the sale price of the pharmaceutical product including GST. Then, multiply this figure by the PTS rate of 10%. For example, if a drug is sold for Rs. 100 including GST, then the PTS would be Rs. 10 (1000/100)

Conclusion

The PTS, PTR, and GST calculators are essential tools for any business. By inputting the correct information, you can calculate the total amount of tax that you need to pay. These calculators will help you determine the right amount of tax to withhold from your employees’ salaries. With these tools, you can be sure that you are compliant with the law and that your employees are getting the correct amount of tax withheld from their paychecks.