About GST Calculator
A GST Calculator is an easy-to-use online tool that helps businesses and buyers calculate GST on goods or services, providing a breakdown of CGST, SGST, or IGST based on the applicable rate.
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Frequently asked questions
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.
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%.
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).
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.
Input the net price before GST and specify the GST rate. The tool will then compute the total production cost, CGST, SGST, and overall tax amount.
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.
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.
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.
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.
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.
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.
