GST Calculator

Total GST

₹ 1,200


Post - GST Amount

₹ 11,200

Total GST

₹ 1000
₹ 1,00,00,000

Tax Slab

GST Calculator

The Goods and Services Tax, or GST, is a national tax imposed by the Government of India. To determine the cost of GST that is applicable, utilize one of the many third-party websites' online GST calculators.

GST stands for Goods and Services Tax, which is a national tax imposed by the Indian government on producers, retailers, and purchasers of consumer goods and services. It is founded on the Value Added Tax theory (VAT). A consumer is only required to pay the GST levied by the final dealer or supplier in the supply chain because it is assessed on value addition at each stage.

The online GST calculator can assist you in determining the precise cost of your goods and services once GST has been applied. So, it is simple to calculate while completing a return, but the taxpayer should be informed of the needed fees at the time of filing. The online GST calculator will be helpful for this.

You may use the GST payment calculator to determine a product's gross or net price based on applicable GST rates. In contrast to a human calculation, it doesn't take long and can't go wrong. On the free online GST calculator in India, you can compute GST.

GST Calculation Formula

The formula to calculate the GST is given below:

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

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GST Calculator (FAQs)

The GST Bill is hailed as a significant piece of legislation for Indian taxes. The goal of this Bill's implementation is to stop 'double-taxation' and related anomalies. The 29th of March 2017 saw the approval of 4 legislation. The administration has given itself till July 1, 2017, to finish enacting this Bill. Some goods and services would become more affordable, while others would grow more expensive. Instead of the one tax slab that was anticipated, a multi-tiered tax structure with four separate tax rates—5%, 12%, 18%, and 28%—has been proposed. This multi-tiered structure is justified by the fact that necessities cannot be taxed at the same rate as luxury items and services.

Central Goods and Services Tax is referred to as CGST. The CGST Act, 2017, which governs CGST, is a tax levied by the federal government on the intrastate supply of goods and services.

The same intrastate supply will be subject to SGST as well, but it will be governed by the state government. This suggests that both the Central and State governments will concur on combining their taxes in a way that ensures a fair division of revenue between them.

State Goods and Services Tax, often known as SGST, is an indirect tax levied by the State Government on intrastate supplies of goods and services. As previously stated, the same intrastate supply of goods and services would be subject to CGST, which will be controlled by the Central Government.

All interstate supplies of goods and services are subject to the Integrated Goods and Services Tax, or IGST. Any supply of goods or services, whether imported or exported from India, is subject to the IGST. Exports are not taxed under the IGST, and the national and state governments split the tax.

ITC refers to the possibility to lower one's GST burden resulting from the sale of goods and services by crediting taxes already paid on purchases.

The following guidelines apply to GST ITC claims :

To pay IGST, the taxpayer's preferred method of payment will be utilised first, followed by either the CGST or SGST. .

For paying CGST, CGST credit will be used first, followed by IGST credit.

First, the SGST credit and the IGST credit will be utilised to pay the SGST.

The Reverse Charge Mechanism, or RCM, is a method of paying GST by the recipient as opposed to the provider. The registered buyer who must pay GST is required to generate their own invoices for the transactions they make. CGST and SGST must be paid by the buyer under the reverse charge mechanism (RCM) in the event of intra-state sales.

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