GST Calculator: Calculate Your GST Amount Online

A GST calculator can save you time and hassle by doing the GST calculation for you quickly and accurately.

GST calculator

A Goods and Service Tax Calculator is a ready-to-use online tool that helps you figure out how much GST you owe for a month or quarter, depending on the goods. The GST calculator is good for people who buy, sell, and conduct various kinds of business. Using a simplified Goods and Service Tax Calculator online 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 the central goods and services tax (CGST) and the state goods and services tax (SGST) or figure out the correct IGST.

Advantages of online GST calculator

The online GST calculator helps you to calculate the price of a gross or net product. It is based on the quantity and provides a breakdown of percentage-based GST rates and the amount of tax owed. It facilitates the accurate division of CGST and SGST rates or calculation of IGST.

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 does GST inclusive amount mean?

GST inclusive amount means that the price or total amount of a product or service includes the Goods and Services Tax (GST) charged by the government. This means that the GST amount is already included in the total price of the product or service, and the customer does not have to pay any additional GST amount.

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.

Tax components under GST

There are 4 components of GST:

Central Goods and Services Tax (CGST): Under GST, intra-state transactions are subject to the Central Goods and Services Tax (CGST), an indirect tax.

State Goods and Services Tax (SGST): Intra-state transactions related to the supply of goods and services are subject to this tax. Each respective state government is responsible for collecting this.

Union Territory Goods and Services Tax (UTGST): This is an indirect tax levied on the intra-state supplies of goods and services.

Integrated Goods and Services Tax (IGST): This is a separate tax included under GST. Imports and exports as well as interstate sales of goods and services are subject to this tax. The central government administers and collects the IGST in accordance with the IGST Act. It then divides the accrued tax among the various states involved in the sales.

How do you calculate GST?

A GST calculator is an online tool that you can use to figure out how much GST you owe for a given month or quarter, based on the products.

Simply follow these 2 steps:

  • Type in the net price of your service or product and the GST tax slabs that apply, such as 5%, 12%, 18%, or 28%.
  • Click "Calculate" to see the final or gross price of goods and services, and the tax owed.

Calculating Intra-state GST

For transactions within the same state, CGST and SGST/UTGST are computed by dividing the applicable GST rate by 2. Hence, CGST and SGST/UTGST rates are typically half of the total GST rate.

Inter-state GST computation:

For transactions between different states, IGST is determined by the applicable GST rate. Note that GST Compensation Cess, where relevant, should be added to the GST rate for accurate tax calculations.

The formula for GST amount:

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 ₹300 added)

Rs. 1,550

Rs. 155

Rs. 30

Rs. 1,705

Total

Rs. 1,550

-

Rs. 1,705

-

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 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%.

What are the benefits of using an online 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.

What is a GST calculator?

A GST calculator is a tool used to determine the Goods and Services Tax (GST) amount payable on a transaction. By inputting the cost and applicable GST rate, the calculator computes the GST amount, aiding in accurate tax calculations for businesses and individuals.

Who can use the GST calculator?

Anyone, from small business owners to individuals, can utilise the GST calculator. It is a handy tool for accurately determining Goods and Services Tax liabilities, ensuring compliance and effective financial planning. Any buyer, manufacturer, wholesaler or retailer can use the calculator by following 2 simple steps:

  • Type in the net price of your service or product and the GST tax slabs that apply, such as 5%, 12%, 18%, or 28%.
  • Click "Calculate" to see the final or gross price of goods and services, and the tax owed.
Is GSTIN mandatory for business in India?

Yes, it is mandatory for businesses registered under the GST to have a GST identification number (GSTIN) in India. The GSTIN is a unique 15-digit number assigned to every business that is registered under the Goods and Services Tax (GST) system.

What do GST returns entail?

GST returns encompass comprehensive information about your sales, purchases, taxes collected (output tax), and taxes paid (input tax). After filing GST returns, you settle the resulting tax liability owed to the government.

How do you calculate 18% GST on the total?

To calculate 18% GST on the total, you simply multiply the total amount by 18% (or 0.18). For example, if the total amount is Rs. 1000, the GST amount would be Rs. 180 (1000 x 0.18).

How do I calculate my GST?

To calculate GST on your total sales, you need to first determine the GST rate applicable to your product or service. Once you know the applicable rate, you can multiply the value of your sales by the GST rate to calculate the GST amount.

How do I calculate GST on my bill?

To calculate GST on your bill, you need to first determine the GST rate applicable to the item(s) on your bill. Once you know the applicable rate, you can multiply the value of the item(s) by the GST rate to calculate the GST amount, and then add it to the total to get the final amount payable.

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