GST Calculator: Calculate Your GST Amount Online

Bajaj Finserv’s GST calculator is free to use online and helps you quickly calculate your GST amount. Whether you need to determine the GST percentage or calculate GST from total, this platform offers accurate results with detailed examples.

Check Eligibility
Business Loan

What is GST Calculator?

A Goods and Services Tax (GST) Calculator is an easy-to-use online tool that helps you calculate the GST amount payable for a month or quarter, based on the type of goods or services. It is useful for buyers, sellers, and business owners involved in various transactions. This tool allows you to quickly determine either the gross or net price of a product by applying the applicable GST rates. It also provides a clear breakdown of the GST components, including Central GST (CGST), State GST (SGST), or Integrated GST (IGST), depending on the transaction type.

How to use the Bajaj Finserv GST Calculator?

Follow these steps to calculate the GST amount:

Step 1: Select User Type:

  • Choose Buyer if you are a consumer, distributor, importer, or purchasing goods/services

  • Choose Seller (Manufacturer, Wholesaler, or Retailer) if you are selling goods/services

Step 2: Enter the Required Details:

  • For Buyers:

    • Enter the Net Price (price before GST)

    • Select the applicable GST Rate (5%, 12%, 18%, or 28%)

  • For Sellers:

    • Enter the Cost of Goods or Production Cost

    • Enter your Profit Margin percentage

    • Select the applicable GST Rate

Step 3: Check the Results:

  • The calculator will show:

    • GST amount

    • Total price including GST

    • Breakdown of CGST, SGST, or IGST, depending on the transaction type

How is GST calculated?

Since GST (Goods and Services Tax) was introduced, it has become easier for people to understand how tax is charged on goods and services at each stage of making and selling them.

To work out how much GST to pay, you need to know which GST rate (or 'slab') applies to the product or service.

Right now, the main GST rates are 5%, 12%, 18%, and 28% for most goods and services.

GST Calculation Formula

GST Amount = (Original Cost * GST Rate Percentage) / 100

And, the net price:

Net Price = Original Cost + GST Amount

Example for understanding the GST calculation

Particulars

Cost

Tax @ 10%

Tax liability to be deposited to the government

Invoice Total

Manufacturer

Rs. 1,000

Rs. 100

Rs. 100

Rs. 1,100

Warehouse (adds ₹250 for labelling & packaging)

Rs. 1,250

Rs. 125

Rs. 25

Rs. 1,375

Retailer (advertisement cost of Rs. 300 added)

Rs. 1,550

Rs. 155

Rs. 30

Rs. 1,705

Total

Rs. 1,550

-

Rs. 1,705

-

Advantages of Using GST Calculator

Following are the benefits of using an online GST calculator:

  • Ease of use and time-saving: Online GST calculators are simple and quick, providing instant results without the need for manual calculations, saving you time.
  • Accuracy: These calculators reduce the risk of errors in manual calculations, ensuring accurate results.
  • Breakdown of tax components: It helps you easily determine individual amounts for CGST, SGST, and IGST, which can be difficult to calculate manually.
  • Estimation of gross price: You can also estimate the gross price of goods or services, helping you understand your tax obligations better.

Once you understand your tax liabilities and have all the details for your GST transactions, it’s important to file your GST returns on time to avoid extra charges.

How a GST calculator can help you

A GST calculator can help you in many ways, such as:

  • Calculate the GST amount and the net price of goods and services based on the GST rate and the original price. This can save you time and hassle by doing the GST calculation for you quickly and accurately.
  • Understand the GST structure and rates better and plan your budget accordingly. You can choose from different GST rates and categories, such as CGST, SGST, IGST, and UTGST, and see how they affect the GST amount and the net price.

It can help you to comply with the GST rules and regulations and avoid any penalties or fines. You can use the GST calculator to check the GST amount and the net price of your invoices, bills, receipts, and other transactions and ensure that they are correct and consistent.

What is GST (Goods and Services Tax)?

Goods and Services Tax or GST is a dynamic taxation system that is implemented in India. It simplifies and unifies the indirect taxation across the country through a comprehensive tax structure that includes goods and services under a singular tax slab. GST is designed to replace all indirect taxes and aims to remove tax barriers that existed between states. It has helped in enhancing the ease of doing business and creating a level playing field for businesses across the country. With the implementation of GST, businesses can avail numerous benefits such as better compliance, a significant reduction in tax evasion, and streamlined tax procedures. It has also helped to increase transparency and boost economic growth. Therefore, if you are looking for an unsecured business loan, then knowledge of GST is critical for a successful loan application process.

What is the GST inclusive amount?

The GST inclusive amount is the total cost of goods or services that includes the Goods and Services Tax (GST) in India. Understanding the GST inclusive amount allows you to plan their finances accurately by factoring in the additional cost of GST. By taking this approach, you can make informed financial decisions and avoid unnecessary financial burden.

What is the GST exclusive amount?

The GST exclusive amount refers to the cost of goods or services without the inclusion of the Goods and Services Tax (GST) in India. It is important for you to understand the GST exclusive amount when making purchases to accurately calculate the total expenditure.

What is GSTIN?

GSTIN stands for Goods and Services Tax Identification Number. It is a unique 15-digit alphanumeric code assigned to every person or entity that is registered under the Goods and Services Tax (GST) regime in India. The GSTIN is based on the PAN (Permanent Account Number) of the taxpayer and contains information such as the state code, registration number, entity code, checksum digit, and defaulting status.

The GSTIN is used for various GST-related procedures, such as filing returns, claiming input tax credits, and making payments. The GSTIN verification can be done online on the official GST portal. The GSTIN helps to ensure transparency and compliance in the GST system and prevent tax evasion.

4 Types of Tax Under GST

The four main components of GST are as follows:

  • Central Goods and Services Tax (CGST): This applies to intra-state transactions and is collected by the central government.
  • State Goods and Services Tax (SGST): This applies to intra-state transactions related to goods and services and is collected by the state government.
  • Union Territory Goods and Services Tax (UTGST): This is applicable to intra-state transactions in union territories.
  • Integrated Goods and Services Tax (IGST): This applies to imports, exports, and interstate sales of goods and services. The central government collects IGST and distributes it to the relevant states.

Do more with the Bajaj Finserv App!

UPI, Wallet, Loans, Investments, Cards, Shopping and more

GET THE APP

Disclaimer

The data generated herein is completely and solely based on the information/ details provided by you in response to the questions specified by Bajaj Finserv Limited. These questions and the calculations thereon resulting in specific data are developed and based on certain tools and calculators that are made available to Bajaj Finserv Limited and are based on predetermined presumptions/ assumptions. Such information and the resultant data are provided only for user's convenience and information purposes.

Frequently asked questions

What is the percentage of GST in India?

The percentage of GST in India varies depending on the type of goods or service. There are four tax brackets, namely 5%, 12%, 18%, and 28%.

How do you calculate 18% GST on the total?

The percentage of GST in India varies depending on the type of goods or service. There are four tax brackets, namely 5%, 12%, 18%, and 28%. GST rates in India differ by product or service. Essentials like milk have 0% GST, while luxury items like cars and tobacco attract 28% plus a cess. Most goods fall under 5%, 12%, or 18% slabs. Most services are taxed at 18%. Some items are also GST-exempt, or NIL rated.

How can a manufacturer / wholesaler use the GST calculator?

Input the production cost or cost of goods, profit ratio percentage, and GST rate. The tool will then display the total production cost, along with CGST, SGST, and the overall tax amount.

How to calculate GST on MRP?

To calculate GST on MRP (Maximum Retail Price), first identify the GST rate for the product. Then, subtract the GST percentage from 100 to determine the base price percentage. For example, if the GST rate is 18%, subtract 18 from 100, leaving 82%. Divide the MRP by 118 and multiply the result by 100 to find the base price. The difference between the MRP and the base price gives you the GST amount. This method works for finding both the inclusive and exclusive GST amounts on MRP-based pricing.

On which value GST is calculated?

GST is calculated on the transaction value of goods or services, which is the price paid for the supply, including any additional costs like packaging, delivery, and commissions. Discounts given at the time of supply are deducted, while later discounts are not considered for GST calculation. The GST rate depends on the product category, and the applicable rate—ranging from 5% to 28%—is added to the transaction value. This comprehensive value serves as the base for calculating GST, ensuring that all additional charges are accounted for in the final tax calculation.

How to calculate GST in case of reverse charge?

Calculating a reverse charge is not very different from figuring out GST. A reverse charge is when the person who buys the goods has to pay the GST instead of the person who sells them. In both situations, the tax is the same. For example, if you bought items worth Rs. 10,000. At 18%, the GST to be paid will be Rs. 1,800. If CGST and SGST are charged, each will cost Rs. 900. The only difference is that in a reverse charge, the tax amount, which in this case is Rs. 1,800, is due by the recipient.

Show More Show Less