GST Calculator

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

Examples of GST Rates

Category

GST rate

Educational services

0%

Rough diamonds

0.25%

Gold and Silver

3%

Sugar, Tea, and Milk Food for Babies

5%

Real estate (under construction)

12%

Common use goods (soaps, oils)

18%

Electronics and furniture

18%

Services (telecom)

18%

Tobacco (Unmanufactured)

GST, depending on the transaction type28%


Explore complete list of GST Rates Here: GST rates in India - Everything you need to know

About 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.

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

Advantages of GST Calculator

Here's why utilising an online GST calculator can be advantageous:

Ease of use and time-saving: Online GST calculators offer simplicity and speed, delivering instant results without the need for manual computations, thus saving time.

Accuracy: These calculators minimize the chances of errors inherent in manual calculations, ensuring precise results.

Breakdown of tax components: Taxpayers can accurately determine individual amounts for CGST, SGST, and IGST, which can be challenging to calculate manually using the GST tax formula.

Estimation of gross price: Users can also estimate the gross price for their chosen items, providing a comprehensive understanding of their tax obligations.

Once taxpayers have grasped their tax liabilities and have all the necessary details regarding their GST-related transactions, it's essential to file GST return within the stipulated due dates. Failure to comply with these regulations may result in additional charges.

How does the GST calculator work?

The GST Calculator operates based on a straightforward formula:

GST Amount = (Selling Price x GST Rate) / 100.

Here, the Selling Price is determined by adding the Cost Price and Profit Amount. The calculator factors in the Selling Price, representing the total value of goods or services subject to GST, and the GST rate, which fluctuates based on the nature of the goods or services.

The Total Selling Price is then computed by adding the Selling Price, GST Amount, and, if applicable, Cess Amount.

How can a GST calculator 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.

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 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.

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?

GST calculation formula

To calculate GST, taxpayers can use simple formulas.

  • To include GST in the base amount:

GST = (Original Cost * GST rate) / 100
Base amount with GST = Original Cost + GST

For example: Original cost is Rs. 1000 and GST rate is 10%
GST = (1000 * 10) / 100 = 100

Base amount with GST = 1000 + 100 = 1100

  • To exclude GST from the base amount:

Base amount without GST = Base amount with GST / (1+ GST rate /100)

For example: Base amount with GST is Rs. 1100 and GST rate is 10

Base amount without GST = 1100 / (1+10 / 100) = 1000

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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.

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