Gross price
CGST Amount
IGST Amount
Total Tax
Total Production cost
CGST Amount
IGST Amount
Total Tax
Total Production cost
CGST Amount
IGST Amount
Total Tax
Goods and Service Tax (GST) is an indirect tax that manufacturers, wholesalers, retailers and consumers have to pay on consumer goods and services. It is a destination-based and multi-stage tax which is charged on every value addition. Passed in the Indian Parliament on 29th March 2017, the act came into effect from July 1, 2017. Replacing all indirect taxes like central excise duty, service tax, customs duty, VAT, Octroi and surcharges, the implementation of GST has simplified the taxation processes for businesses.
The GST calculator assists you find out either gross or net product price on percentage-based GST rates. The GST calculator saves time and reduces chances of human error while computing the total cost of goods and services.
Businesses, manufacturers, wholesalers and retailers can easily calculate GST using the below formula.
Simple GST Calculation
• Add GST:
GST Amount = (Original Cost x GST%)/100
Net Price = Original Cost + GST Amount
• Remove GST:
GST Amount = Original Cost - [Original Cost x {100/(100+GST%)}]
Net Price = Original Cost - GST Amount
Here’s an example to illustrate this:
Suppose if a service or goods is being sold at Rs.500 for which the GST rate is 18%. So, the gross amount of the services and goods will be 500 + {500 + (500 x (18/100) = Rs.590
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