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GST Calculator

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Calculate GST Online Step:

GST Calculator : Onine GST Calculator To Calculate your gst price with gst rate.

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GST Calculator Online

GST calculator helps you find out either net or gross price of your product based on a percentage-based GST tax rate. It's very simple to use - provide values that you know (for example net price and GST rate) to receive other values (in this case gross price and tax amount). Since GST is essentially the same thing as value-added tax, you're free to use our popular margin and VAT, which lets you combine a price hike due to your gross margin and the tax on goods and services. Besides, if you are living in the United States, you might be more interested in sales tax, which is another form of consumption tax. Keep reading to find out:

What is GST - GST definition

Goods and Services Tax is the same thing as VAT (value-added tax), so the GST definition is... well, the same. It is imposed on goods and services on every level of the distribution chain. For example, factory adds it when it sells it to a wholesaler. Wholesaler adds it when it sells it to a retailer, but it can get the original amount returned. So in effect, the tax added on this level is applied only to the difference in net price between the manufacturer and the wholesaler. The same rule applies with every next transaction with one exemption - the final consumer cannot get the tax refund, since he is the last in this chain. It boils down to two things:

How to calculate GST

  1. Determine the net price (the price without the GST). Let's make it €40.
  2. Find out the GST rate. It will be 10% in our example. If expressed in percentages, divide it by 100. So it's 10 / 100 = 0.1.
  3. To calculate the tax amount: multiply the net price by GST rate. $40 * 0.1 = €4.
  4. To determine the gross price: multiply the net price by GST (again, we'd get €4) rate and then:
  5. Add it to the VAT exclusive price. €40 + €4 = €44.

Different forms of GST collected by the government are:

State GST (SGST): It is collected by State Government

Central GST (CGST): It is collected by Central Government

Integrated GST (IGST): It is collected by Central Government for inter-state transactions and imports

Union Territory GST (UTGST): It is collected by Union Territory Government

How is GST calculated?

With the unified system of taxation, it is now possible for taxpayers to know the tax levied at different points for various goods and services under the GST regimen. For the calculation of GST, the taxpayer should know the GST rate applicable to various categories. The different slabs for GST are 5%, 12%, 18% and 28%.

GST calculation can be explained by simple illustration :

If a goods or services is sold at Rs. 1,000 and the GST rate applicable is 18%, then the net price calculated will be = 1,000+ (1,000X(18/100)) = 1,000+180 = Rs. 1,180.

GST Calculation Formula

BMI CALCULATOR For calculating GST, a taxpayer can use the below mentioned formula :

In order to add GST to base amount,

Add GST

GST Amount = ( Original Cost * GST% ) / 100

Net Price = Original Cost + GST Amount

In order to remove GST from base amount,

Remove GST

GST Amount = Original Cost – (Original Cost * (100 / (100 + GST% ) ) )

Net Price = Original Cost – GST Amount

Benefits of using a GST calculator?

The GST calculator assists you find out either gross or net product price on percentage-based GST rates. The GST calculator saves time and reduces chances of human error while computing the total cost of goods and services.

  Rate (%) Amount
Original cost of goods   Rs.1,00,000
GST 18% Rs.18,000
Cost of goods sold   Rs.1,18,000

GST Calculation for Manufacturers :

  Rate (%) Pre- GST Post- GST
Cost of product   10000 10000
Excise Duty 12% 1200 Nil
Profit 10% 1000 1000
TOTAL   12200 11000
VAT 12.50% 1525 Nil
CGST 6% Nil 660
SGST 6% Nil 660
Final Invoice to the Wholesaler   13725 12320

At a cost point of Rs. 10,000, the manufacturer is saving Rs.1405 i.e. a 14% tax saving on the cost. This brings a cost reduction for manufacturers, the benefit of which is ultimately passed on to the wholesalers, retailers and consumers.

GST Calculation for Wholesalers and Retailers

  Rate (%) Pre- GST Post- GST
Cost of product   13725 12320
Profit 10% 1373 1232
TOTAL   15098 13552
VAT 12.50% 1887 Nil
CGST 6% Nil 813
SGST 6% Nil 813
Final Invoice to the Consumer   16985 15178

GST brings down the cost of the product and thus, the consumer pays a lesser price for the goods at the same profit% earned by wholesalers and retailers. Calculate GST with this simple Indian GST calculator. It can be used as well as reverse Goods and Services calculator. It is easy to calculate GST inclusive and exclusive prices.

What is GST rate in India?

Current GST rate in India is 18% for goods and services. There are reduced rates 0%, 5% and 12% for some goods and services, and 28% luxury rate for some items.

Special GST rates in India

There is a special rate of 0.25% on rough precious and semi-precious stones and 3% on gold. In addition a cess of 15% or other rates on top of 28% GST applies on few items like aerated drinks, luxury cars and tobacco products.

Indian Goods and Services tax history

GST in India was started to charge on 1st of July 2017. It replaced multiple cascading taxes levied by the central and state governments.

How to calculate the output tax liability?

The output tax liability has to be calculated by multiplying the GST rate with the total value of supplies and advances.

For example (assuming applicable GST rate is 18%):

Particulars Amount
Total value of  interstate sales 25 lakh
Total value of intrastate sales 30 lakh
Advance Received – interstate 10 lakh**
IGST 25 lakh * 18% = 4.50 lakh

10 lakh * 18% = 1.80 lakh

Total = 6.30 lakh

CGST 30 lakh * 9% = 2.70 lakh
SGST 30 lakh * 9% = 2.70 lakh

What are the benefits of this tax reform?

It is a replacement for the multiple taxes imposed by the central and state governments. Here are some of the major benefits of implementing GST:

It has brought better transparency throughout the tax structure starting from the manufacturer to the consumer.

It has ended the system of double taxation of commercial goods.

The whole process of GST is online. This has made it really simple to do registrations and file returns.