Free GST Calculator

With our free GST calculator you can fin the GST amount without the complex maths quickly and easily with just a click of button.

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What is GST

GST stands for Goods and Services Tax, which is an indirect tax levied on the supply of goods and services in India. It was implemented on July 1st, 2017, and replaced multiple indirect taxes (previously levied by the central and state governments) with a single tax, creating a uniform tax system across the country. The GST is administered by the Central and State Governments, with the revenue being shared between them.

GST is collected at every stage of the supply chain, from production to final consumption. The tax is calculated on the value-added of goods and services at each stage of the supply chain, with credit for taxes paid at previous stages being available as input tax credit.

GST Rates and Structures in India

GST in India is divided into multiple tax slabs, or rates, which are applied to different categories of goods and services. The current GST slabs in India are as follows:

It's important to note that the GST council periodically reviews the tax slabs and makes changes as needed. These changes are made with the aim of keeping a balance between the needs of businesses and consumers, and to ensure that the GST system remains effective and efficient.

Different Types of Tax Heads under GST

Under the Goods and Services Tax (GST) regime in India, there are three main types of taxes:

CGST and SGST are levies on the same transaction and are applicable in the same manner as the earlier Central Excise Duty and State VAT, respectively. The difference is that CGST and SGST are subsumed under the GST regime, which is a comprehensive indirect tax system. IGST, on the other hand, is applicable on inter-state transactions and is calculated on the value of the goods or services, plus any applicable cesses or surcharges. It's important to note that the tax head applicable to a particular transaction depends on the place of supply and the location of the supplier and recipient. The GST council periodically reviews the tax laws and makes changes as needed to ensure the GST system remains effective and efficient.

What is UTGST?

UTGST stands for Union Territory Goods and Services Tax, which is a type of indirect tax levied in India on the supply of goods and services within Union Territories (UTs). UTGST is similar to the State GST (SGST), which is levied in the states, but is applicable in UTs instead. UTGST is administered by the Union Territory Governments, and the revenue generated from UTGST is retained by the respective UTs. The tax is levied on the intra-UT supply of goods and services, and the rate of UTGST is determined by the respective UT Governments. UTGST is part of the Goods and Services Tax (GST) regime in India, which aims to create a common national market for goods and services, by replacing multiple indirect taxes with a single tax. The GST council periodically reviews the tax laws and makes changes as needed to ensure the GST system remains effective and efficient.

How is GST Calculated?

The calculation of Goods and Services Tax (GST) in India depends on the type of transaction, the applicable tax rate, and the value of the goods or services being supplied. For intra-state supplies of goods and services, the calculation is as follows: Determine the taxable value of the goods or services, which is the selling price excluding taxes. Apply the relevant GST rate (e.g. 5%, 12%, 18%, 28%, etc.) to the taxable value to calculate the GST amount. Divide the GST amount into CGST (Central GST) and SGST (State GST), with each being equal to half of the total GST amount. For inter-state supplies of goods and services, the calculation is as follows: Determine the taxable value of the goods or services, which is the selling price excluding taxes. Apply the relevant GST rate (e.g. 5%, 12%, 18%, 28%, etc.) to the taxable value to calculate the GST amount. The entire GST amount is collected as IGST (Integrated GST), which is administered by the Central Government. It's important to note that the GST council periodically reviews the tax laws and makes changes as needed to ensure the GST system remains effective and efficient. Also, there are various GST returns that need to be filed by businesses on a periodic basis, depending on their turnover and type of business.

GST Calculation Formula

The formula for calculating Goods and Services Tax (GST) in India is as follows: For intra-state supplies (i.e. within a state): GST amount = (Taxable Value * GST rate) / 2 CGST = GST amount SGST = GST amount For inter-state supplies (i.e. between states): GST amount = Taxable Value * GST rate IGST = GST amount Where:

It's important to note that the GST council periodically reviews the tax laws and makes changes as needed to ensure the GST system remains effective and efficient.

Advantages of GST Calculator

The Goods and Services Tax (GST) calculator is a valuable tool that provides many advantages to businesses, individuals, and tax professionals. Some of the key advantages of using a GST calculator are:

Overall, the GST calculator is a valuable tool that provides many benefits for individuals, businesses, and tax professionals in India.

What is Online GST Calculator?

An online GST calculator is a tool that allows you to calculate the Goods and Services Tax (GST) amount applicable on a transaction in India. You can use an online GST calculator by entering the taxable value of the goods or services being supplied and the applicable GST rate, and the calculator will automatically calculate the GST amount. The online GST calculator is a simple and convenient tool for businesses, individuals, and tax professionals, as it saves time and eliminates the need for manual calculations. The GST calculator can also be used to calculate the taxable value by entering the selling price and the GST amount.

How to Use our GST Calculation Tool

Here's a general guide on how to use a GST calculation tool: Go to the website where the GST calculation tool is available. Enter the taxable value of the goods or services being supplied. Select the applicable GST rate from the drop-down menu or enter the rate manually. Click on the "Calculate" button. The GST amount will be displayed on the screen. For intra-state supplies, the calculator will also show the amount of CGST (Central GST) and SGST (State GST). For inter-state supplies, the calculator will show the amount of IGST (Integrated GST).

What is GST Inclusive Amount

The GST inclusive amount is the total amount that a customer pays for a product or service that includes both the cost of the product or service and the Goods and Services Tax (GST) applicable on the transaction. In other words, the GST inclusive amount is the final amount that a customer is charged for a product or service, after the GST has been added to the cost of the product or service. This amount is typically displayed on invoices, receipts, and other similar documents. For example, if the cost of a product is Rs. 100 and the GST rate is 18%, the GST inclusive amount would be Rs. 118 (i.e. 100 + 18). This means that the customer would pay Rs. 118 for the product, which includes both the cost of the product and the GST amount.

What is GST Exclusive Amount

The GST exclusive amount is the original cost of a product or service before the Goods and Services Tax (GST) is added to it. It is also known as the "base price" or the "taxable value". In other words, the GST exclusive amount is the cost of a product or service that a customer would pay if there was no GST applicable on the transaction. This amount is used as the starting point for calculating the GST amount, which is then added to the GST exclusive amount to arrive at the GST inclusive amount. For example, if the GST inclusive amount of a product is Rs. 100 and the GST rate is 18%, the GST exclusive amount would be Rs. 84.75 (i.e. 100 / 1.18). This means that the cost of the product, excluding GST, is Rs. 84.75.

Frequently Asked Questions

Here are some frequently asked questions (FAQs) related to Goods and Services Tax (GST) and GST calculators:

GST is a value-added tax that is levied on the supply of goods and services in India. It replaces several indirect taxes, such as VAT, service tax, and excise duty, and is aimed at creating a single and unified tax system for the country.

A GST calculator is a tool that helps to calculate the amount of GST that is applicable on a transaction. It takes into account the GST rate, the GST inclusive amount, or the GST exclusive amount, and provides an accurate calculation of the GST amount.

Most GST calculators have a simple and user-friendly interface that allows users to enter the relevant information, such as the GST rate, the GST inclusive amount, or the GST exclusive amount, and then calculate the GST amount.

GST is calculated by multiplying the GST exclusive amount by the GST rate and then dividing the result by 100. For example, if the GST exclusive amount is Rs. 100 and the GST rate is 18%, the GST amount would be Rs. 18 (i.e. 100 x 18 / 100).

The different GST slabs in India are 0%, 5%, 12%, 18%, and 28%. Different products and services are taxed at different GST rates, based on the classification of the goods and services and the recommendations of the GST council.

Yes, a GST calculator can be used for all transactions in India that are subject to GST. It is important to note that the GST laws and regulations may change from time to time, and it is recommended to use an up-to-date GST calculator to ensure accurate calculations.

Yes, most GST calculators are free to use and are available online. Some GST calculators may require registration or may offer additional features for a fee.

The advantages of using a GST calculator include time-saving, convenience, accuracy, ease of use, transparency, compliance, and cost-effectiveness.