GST Calculation Formula
GST amount = GST Rate(%) × Net amount
Gross amount = Net amount × (100% + GST Rate(%))
Net amount = Rs.100
GST Rate = 10%
GST amount = 10%×Rs.100 = Rs.10
Gross amount = Rs.100×(100%+10%) = Rs.110
Free GST Calculator
Welcome friends to our GST Calculator Online. This Tool is designed for users to help make GST calculations very smooth. This Convenient online calculator is for measures at work, school, or home.
Our Calculator made the process easy with the utmost focus on speed, versatility, and smoothness of software. It is straightforward to get a calculation by just clicking on calculate key on the software.
GST calculators can save you time by automating the calculation of GST. This can be especially helpful for businesses that need to calculate GST for a large number of transactions.
The calculator works on computers, tablets, and smartphones, loads quickly counts online, and has built-in memory and an additional display of current actions. Calculation results can be copied.
Key Features of GST Calculator
Instantly Calculate GST: Our Free GST Calculator online instantly calculates the GST with the amount and percentage of GST.
Multi countries support: You can calculate the GST of Any country by selecting countries from our drop-down menu.
Multi-platform support: Our software is supported on a desktop, tablet, and High-end mobile devices.
High accuracy rate: Our GST Calculator India software is constantly updated to improve the GST calculation accuracy rate which is important for businesses and individuals who need to comply with GST regulations.
What is GST
Goods and Services Tax (GST) is a unified indirect tax that has been introduced by GOI all of the indirect taxes levied by the Center and the states like VAT, CENVAT, and others. GST applies to all types of businesses, small or large.
A major objective of this taxation system is the financial independence of both the Center and the States from each other. The GST Council is chaired by the Union Finance Minister and includes the Finance Ministers of various states as members.
The Goods and Services Tax (GST) system has created a five-tier tax structure. In which tax brackets have been fixed for various types of products and services such as zero tax, 5%, 12%, 18%, and 28%. Zero tariffs have been kept for essential and agricultural commodities like rice, and wheat.
Types of GST
There are four types of GST.
Integrated Goods and Services Tax (IGST),
State Goods and Services Tax (SGST),
Central Goods and Services Tax (CGST) and
Union Territory Goods and Services Tax (UTGST).
Some of these taxes go to the state government and some to the central government. Union Territories also get GST.
IGST: IGST is applicable when a good or service is supplied from one state to another state. A supply of goods or services including the sale, transfer, exchange, etc. is done under. Many times traders do business in the same state. But the goods required for it are purchased from other states. In such a case he has to pay IGST on goods purchased in another state.
SGST: When any good or service is supplied within a single state, SGST is levied on it. This tax is received by the state. Under the GST Act, this tax is levied on the purchase and sale of all goods or services within the state. However, some things are exempted from this. After the implementation of SGST, VAT, Luxury Tax, Entertainment Tax, etc. other taxes levied by the State Government ceased to exist.
CGST: CGST is levied on goods or services sold in the same state after purchase in one state. When a shopkeeper charges you SGST, he also charges you CGST at the same time. Now every item comes under a fixed tax rate. So suppose the tax rate on an item is 28 percent. So 14 percent tax is levied as SGST and the remaining 14 percent tax is levied as CGST. This tax goes to the central government.
UTGST: This tax is similar to SGST. The main difference is that only Union Territories have the right to collect this tax. That is, how the state government collects SGST. Union Territories also collect UTGST.
What are the benifits of GST?
As mentioned earlier, GST will unify the tax system across the country. This will help reduce the impact of rising prices of goods and services by levying taxes on taxes.
Under GST, this will credits be the case as it is a unified tax structure, bringing the entire indirect tax system under one umbrella.
Another important advantage is that under GST, input tax credits can be availed on both goods and services, which also eliminates the cascading effect of taxation on taxes.
Regular GST returns have been instrumental in enhancing tax compliance discipline in the system.
Tax evasion has been curbed and the revenue of the government has also increased.
GST Rates for Goods and Services in India
|Commonly Used Goods
|Sin Goods (e.g., tobacco, alcohol)
|Varies (from 5% to 18%)
How to use Our GST Calculator
Using GST calculators is relatively straightforward. Here’s a general guide on how to use a GST calculator:
1. Determine the GST Rate: Identify the applicable GST rate for the goods or services you want to calculate GST on. In India, the GST rates vary depending on the category of goods or services.
2. Obtain the Amount: Determine the amount or value on which GST needs to be calculated. This could be the selling price, invoice amount, or any other relevant value.
3. Choose the GST Calculation Method: Depending on your requirements, there are two common methods for calculating GST: a. Inclusive Method: If you have the total amount including GST and want to calculate the GST component and the exclusive amount (amount before GST), use this method. b. Exclusive Method: If you have the amount before GST and want to calculate the GST component and the total amount including GST, use this method.
4. Use the Calculator: Access an online GST calculator or use a spreadsheet program with built-in GST calculation functions. Some calculators may have separate fields for the GST rate, amount, and calculation method, while others may combine these inputs into a single form.
5. Enter the Required Information: Input the GST rate and the amount in the appropriate fields of the calculator. If applicable, choose the GST calculation method.
6. Perform the Calculation: Click on the “Calculate” button or similar action to initiate the calculation process. The calculator should provide the GST amount and, depending on the chosen method, either the exclusive amount or the inclusive amount.
7. Review the Results: Once the calculation is complete, the calculator will display the GST amount and the total amount (inclusive or exclusive, depending on the method). Double-check the results to ensure they align with your expectations.
GST calculators can be helpful for businesses and individuals to quickly determine the GST component and the total amount for financial transactions. However, it’s important to note that these calculators provide approximate results, and for accurate calculations, it’s always advisable to consult with a tax professional or refer to official guidelines issued by the respective tax authorities.
Frequently Asked Questions
How do I use this GST Calculator?
Answer: In the text box select country then enter the amount and GST rate that you want to calculate. within seconds, the text will be translated into the Total amount and GST amount.
Is this calculator FREE?
Answer: Yes, our Indian GST calculator is FREE. You can use it for both personal and commercial use. You can make unlimited calculations.
Can I download this Calculator?
Answer: At the moment you can only use our GST Calculator software online. However, you can use a third-party site to download GST Calculators.