• September 2, 2020

Why use the GST plugin for eCommerce Website?

Business with eCommerce was a lot easier before the execution of GST in India. After the compulsion of GST on all sorts of goods and service providers, it became difficult to manage, calculate, and apply GST for vendors. 

Calculating GST for traditional vendors (The ones who are not selling online) was an easier job than the eCommerce seller as there are different sets of a rule to calculate GST for central and state government is different  

Here comes the importance of the GST calculator

GST plugin for WordPress (woo-commerce) site calculates the GST concerning each state. Isn’t that great? So let’s take a look at how it helps to add tax on woo-commerce products.

Importance of WooCommerce GST plugin

GST Plugin for WordPress (WooCommerce) has much importance such as configuring GST settings, PDF invoice with GSTIN, and HSN Number, entering their GSTIN code and the invoice will reflect it and calculating Dynamic tax slabs. We’ll go with them one by one

1. Configure GST settings

This is the best part of the WooCommerce GST Plugin; the admin can configure the GST setting. Admin can configure the plugin as per his state GST regulation. This feature minimises human error and helps to add the GST slab as per specific state regulations in the quickest way possible. This feature not only allows the admin to add a GST slab but also the admin can enter the GSTIN number which is to be shown. Admin can also customize the enterprise name, address, logo, and all the informative tabs.

2. PDF invoice with GSTIN

GSTIN (Goods and Services Tax Identification Number). GST is fundamentally a 15-digit number that has supplanted the Tax Identification Number (TIN) that business elements were distributed while enrolling under a state’s Value Added Tax law.

Many of the GST plugin for WordPress can customise every single thing but they are not able to generate PDF invoices. That is the biggest drawback of an ordinary GST Calculator. Considering this drawback, we at WooCoomerce GST noticed this major issue in other GST calculator plugins and brought the PDF invoice generator feature to WooCommerce GST Plugin with our GST plugin, you can generate an invoice for every order. 

3. HSN Number integration 

HSN code stands for “Harmonized System of Nomenclature”. This framework has been presented for the efficient characterization of products everywhere throughout the world. HSN code is a 6-digit uniform code that arranges 5000+ items and is acknowledged around the world. This number has importance though many of the GST plugins for WordPress. WooCoomerce GST is the only GST calculator that provides a Meta field for ‘HSN Code’. 

4. Dynamic Tax Slab

As per the data available on the website of Kotak Mahindra it says The GST council has fitted over 1300 goods and 500 services under four tax slabs of 5%, 12%, 18% and 28% under GST. There were 227 items in the 28 per cent slab. In the biggest GST rearrangement yet, tax rates on over 200 items, ranging from chewing gum to chocolates, to beauty products, wigs and wristwatches, were today cut from the 28 per cent slab to 18 per cent. However certain goods were kept under a 28 per cent slab

The calculation for the dynamic tax slab is very complicated and not every Plugin provides it. So it is necessary to have the GST plugin for WordPress that provides a Dynamic Tax slab implementation option to give more convenience to users. 

To evolve is the nature of the human race. We have evolved and will be evolving forever. The eCommerce is the evolution of the traditional marketplace and the GST calculator such as GST Calculator for WordPress (woo-commerce) is the necessity of the invention. Installing this plugin makes eCommerce trading simpler and easier; which is what we ‘humans’ are more concerned about.

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