GST Calculator India: This Online GST Calculator helps you find out the final or the gross price of goods and service based on GST slabs such as 5%, 12%, 18% and 28%. This is the best GST calculator in India for consumers, manufacturers, wholesalers and retailers.
GST Calculator
GST Calculator: India
Gross price
₹ 11,80,000
CGST Amount
₹ 90,000
IGST Amount
₹ 90,000
Total Tax
₹ 1,80,000
Total Production cost
₹ 11,80,000
CGST Amount
₹ 1,06,200
IGST Amount
₹ 1,06,200
Total Tax
₹ 2,12,400
Total Production cost
₹ 11,00,000
CGST Amount
₹ 99,000
IGST Amount
₹ 99,000
Total Tax
₹ 1,98,000
Financial Tools
How to Use GST Calculator
Use our online GST calculator to calculate GST amount in India as per current GST tax slabs such as 5%, 12%, 18% and 28%. Goods and Service Tax (GST) is an indirect tax levied on consumers, manufacturers, wholesalers and retailers for sale transactions on specific goods and services in India. Know More about GST Calculator and how it works for current GST Slabs.
Follow these steps to use GST Calculator:
Step 1: Select Buyer tab, if you are end consumer
Select buyer tab to calculate GST for end consumer, then enter net price and GST. Once done, It will display Gross price, CGST Amount, IGST Amount and Total tax instantly.
Step 2: Select Manufacturer tab, If you are Manufacturer
Select Manufacturer tab, then enter Cost of production, Profit ratio percentage and GST slab or use slider to adjust values. Once all done, now it will display Gross price, CGST Amount, IGST Amount and Total Tax.
Step 3: Select Wholesaler tab, If you are Wholesaler / Retailer
Select Wholesaler / Retailer Tab, then enter Cost of production, Profit ratio and GST slab or use slider to adjust values. Finally, you will get Gross price, CGST Amount, IGST Amount and Total Tax.
GST Calculation and Formulae
GST calculation is illustrated in the below example:
If a product or goods or service is sold for ₹500 at 18% GST slab, then the net price becomes ₹500+(₹500X(18/100)) = 500+90 = ₹590.
Following tables shows GST calculations examples for consumers, manufacturers, wholesalers and retailers:
Simple GST Calculation for Consumers:
| Particulars | Rate(%) | Amount in ₹ |
|---|---|---|
| Original cost of Goods/Service | 12% | 100,000 |
| GST | 12,000 | |
| Cost of goods sold | 112,000 |
GST Calculation for Manufacturers:
| Particulars | Rate(%) | Pre-GST in ₹ | Post GST in ₹ |
|---|---|---|---|
| Cost of the product | – | 200,000 | 200,000 |
| Profit | 10.00% | 20,000 | 20,000 |
| Excise Duty | 12.50% | 27,500 | Nil |
| Total | – | 247,500 | 220,000 |
| VAT | 12.50% | 30,938 | Nil |
| CGST | 6% | Nil | 13,200 |
| SGST | 6% | Nil | 13,200 |
| Final Invoice to the wholesaler | – | 278,438 | 246,400 |
GST Calculation for Wholesalers and Retailers:
| Particulars | Rate (%) | Pre- GST in ₹ | Post- GST in ₹ |
|---|---|---|---|
| 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 Calculation for buyer, consumer, businesses, manufacturers, wholesalers and retailers can done using the following simple GST formula:
Formula to Add GST:
GST amount = (Original cost x GST%)/100.
Net price = original cost + GST amount.
Formula to Remove GST:
GST amount = Original cost – [Original cost x {100/(100+GST%)}].
Net price = Original cost – GST amount.
Overview of GST in India
On 29th March 2017, the parliament passed its Goods and Service Tax, GST Act which was implemented right from July 1, 2019. The Indian government has applied GST on all the goods and services bought in its jurisdiction. The GST has eliminated all other taxes such as VAT, sales tax, Excise duty and many other and simplified the taxation process.
Every company/ seller is required to register for GST in India. They must have the basis of a GSTIN number which they pay taxes on all goods and services purchased. One can calculate the amount of GST applicable using the online GST calculator.
All the products and services you purchase are taxable under GST. Knowing how much GST is applicable on your payments and purchases will help you identify your liabilities. And therefore, the GST calculator can aid you with quality planning for your business.
Using the GST calculator, you can get an accurate estimate of your taxable value. Likewise, you will end up saving a lot of time for calculating GST. Nevertheless, the calculator will save you from making manual errors or eliminations reducing the chances of any deceitful activity.
Benefits of using Online GST calculator
The GST calculator (India) online will help you with the calculations within minutes. All you got to do is enter the variables like the original price and the percentage of GST applicable, and wait for a few seconds for the actual GST to display on the screen.
- It helps you identify the tax you are liable to pay.
- Gives pretty quick and most importantly, accurate results, therefore saving your valuable time.
- The calculations keep you safe and aware of any fraudulent activities take place due to incorrect GST calculation.
The concern of GST has changed the entire tax regime of the country. All the companies, no matter how big or small they are, now fall under the same category when it comes to paying taxes. The GST calculator online can, therefore, help each and every seller or service provider in the country to check for the tax amounts to be paid.
GST Frequently Asked Questions (FAQ)
What are the tax slabs under the GST?
There are 4 tax slabs under GST, that is, 5%, 12%, 18% and 28%. There are 1300 goods and 600 types of services covered under the GST regime.
Why were all indirect taxes converted into GST?
The government of India implemented GST to rid of indirect taxes and simplify the tax regime. It also helped pare the earnings of the Central as well as the State government.
Is getting a GSTIN number mandatory?
Yes, every goods and service provider needs to have a GSTIN under the GST Act.
What taxes are covered under GST?
The different taxes that have now been converted into a simple GST format are excise, countervailing duty, service tax, and customs. State-specific taxes like VAT, luxury tax, octroi, and entertainment tax are also now a part of the GST.
What are the features of this GST Calculator?
Our GST Calculator has many features, where consumers, manufacturers, wholesalers and retailers can calculate GST amount online easily by selecting type of business.