GST Calculator
Goods and Services Tax (GST) is an indirect tax imposed in India which is levied on the supply of goods and services. Our GST calculator is a handy ready-to-use online tool to compute the GST liability payable for a month/quarter. This calculator can be used by different types of users, such as buyers, sellers, manufacturers, retailers and wholesalers.
Use this tool for the ease and uncomplicated calculation of GST.
Want To Know More About Good And Service Tax?
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What is GST?
Goods and Services Tax (GST) is an indirect tax imposed in India which is levied on the supply of goods and services. GST is a comprehensive, multi-stage, destination based tax levied on every value addition. GST is effective from 1st July 2017 and subsumed most indirect taxes in the country. Under GST, goods and services are divided into various tax rates and prominent tax rates are as under:
- 0% /Nil – Salt ,fresh milk, natural honey, etc
- 0.25% – Diamond, semi-precious stone, etc
- 3% – Jewellery , coins,etc
- 5% – Cashew nuts, coffee, pizza bread, etc
- 12%- Computers, playing cards,Diesel engines, etc
- 18%- Bidi wrapper leaves, cocoa powder, etc
- 28%- Caffeinated Beverages, tobacco,etc
However, some products such as petroleum products, alcoholic drinks, and electricity are not covered under GST. These products are taxed by the state governments, as per previous tax regime.
| User Type | |
|---|---|
| GST Rate | |
| Price | |
| Profit Percent |
Total Cost
CGST
SGST
Total Tax
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What are different tax heads under GST?
GST are categorized as Central Goods and Services Tax (CGST), State Goods and Services Tax (SGST), Union Territory Goods and Services Tax (UTGST) , Integrated Goods and Services Tax (IGST) and GST Compensation cess.
IGST is charged for inter-state supplies where the place of supply is in a different State compared to the supplier’s location.
Equal rate of CGST and SGST (half the GST rate applicable for IGST) is charged for intra-state supplies where the place of supply is in the same State as the supplier’s location.
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What is GST Calculator?
A GST calculator is a handy ready-to-use online GST calculator to compute the GST liability payable for a month/quarter. This calculator can be used by different users, such as buyers, sellers, manufacturers, retailers and wholesalers.
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What are the advantages of using GST Calculator?
Simplified GST calculator will help you to determine the gross or net product price on percentage-based GST rates. Also, It provides the bifurcation of the rates between CGST and SGST / IGST calculated accurately. This calculator is an efficient tool that saves time and reduces human error chances while computing GST on the total cost of goods or services.
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How to calculate GST using the GST calculator?
- You can easily use the GST calculator by following these simple steps:
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Step-1: Enter the following details:
Firstly, select the user type for which you are looking for total GST payable i.e. Seller/Buyer.
Then, Click on GST rate applicable on your goods or service such as 0%, 0.25%, 3%, 5%, 12%, 18% and 28%. If you are not sure of applicable GST rate, Don't worry! We have it covered. You can refer to our HSN SAC code search in Tools sections, which will clear all your doubts regarding the applicable GST rate.
Once done with user type and GST rate, you have to enter the Total price of a goods or service (in case of the buyer) and Total cost of goods or service and profit percentage (in case of the seller) -
Step-2:
Click on the 'Calculate' button. ICI GST calculator will display the tax amounts for each tax head CGST and SGST or IGST along with the final/ gross price of the goods and service to be billed.
For simple understanding:
Formulae for GST Calculation:
Any business, manufacturer, wholesaler and retailer can calculate GST easily with the help of the following formula.
Where is GST excluded:
GST Amount = (Value of supply x GST%)/100
Price to be charged = Value of supply + GST Amount
Where GST is included in the value of supply:
GST Amount = Value of supply – [Value of supply x {100/(100+GST%)}]
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The Result of your search for Name availability is based on a preliminary check conducted by our system, However, the name proposed by you for Proposed Company/LLP is still subject to a more comprehensive check at Central Registration Centre (CRC). Before applying for a name, it is advisable to conduct your own Name and Trade Mark search.
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