GST Calculator

Estimate your GST instantly.

GST Calculator

A GST calculator is a ready-to-use online tool that lets you figure out how much GST you owe for a month or quarter, depending on the goods. This calculator is good for people who buy, sell and conduct various kinds of business. The simplified GST calculator helps you figure out the gross or net price of a product depending on the amount and gives you a breakdown of the percentage-based GST rates. It helps divide the rate between CGST and SGST or figure out the correct IGST.

Disclaimer

Results generated by the calculator(s) are indicative in nature. The interest rate applied on the loan will depend on the prevailing rates at the time of loan booking.

The calculator(s) are not intended to provide its users/ customers with results that are either certified by Bajaj Finance Limited (“BFL”) or are an obligation, assurance, warranty, undertaking or commitment, financial and professional advice by BFL, under any circumstances. The calculator(s) is only a tool that assists the users/ customers arrive at results of various illustrative scenarios generated from data input by the user/ customer. The use of the calculator is entirely at the risk of the user/ customer, BFL is not responsible for any reason, for any errors in any outcome resulting from the use of the calculator.

Frequently asked questions

What is GST?

Goods and Service Tax (GST) is an indirect tax that everyone who makes, sells, or buys consumer goods or services is liable to pay. It is a tax that is based on where the value is going and has more than one step. The Indian Parliament passed the act on March 29, 2017, and it went into effect on July 1, 2017. GST has made it easier for businesses to pay taxes because it has replaced all indirect taxes like central excise duty, service tax, customs duty, VAT, Octroi, and surcharges.

What are the benefits of using a GST calculator?

The online GST calculator lets you figure out either the gross or net price of a product based on the GST rate as a percentage. It saves time and makes it less likely that a person will make a mistake when figuring out the total cost of goods and services.

How to calculate GST using a GST calculator?

You can easily use the online GST calculator by doing the following:

  • Enter the net price of a service or goods and the GST slabs, such as 5%, 12%, 18%, and 28%.
  • Click on the "Calculate" button to see the final or gross price of goods and services.

GST calculation formula:

The calculator uses the below-mentioned formula to make it easy for businesses, manufacturers, wholesalers, and retailers to figure out GST:

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

 

Rate (%)

Original cost of goods

 

GST

18%

Cost of goods sold

 

GST calculation for manufacturers:

 

Rate (%)

Pre- GST

Cost of product

 

10000

Excise duty

12%

1200

Profit

10%

1000

TOTAL

 

12200

VAT

12.50%

1525

CGST

6%

Nil

SGST

6%

Nil

Final invoice to the wholesaler

 

13725

At a cost of Rs.10,000, the manufacturer saves Rs.1405, which is equivalent to a 14% tax savings. This lowers costs for manufacturers, and the savings are eventually passed on to wholesalers, retailers, and consumers.

GST calculation for wholesalers and retailers:

 

Rate (%)

Pre- GST

Cost of product

 

13725

Profit

10%

1373

TOTAL

 

15098

VAT

12.50%

1887

CGST

6%

Nil

SGST

6%

Nil

Final invoice to the consumer

 

16985

GST brings down the price of a product, so consumers pay less for goods even though wholesalers and retailers make the same amount of profit.

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.

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