Purchase
Finance
Procure raw materials at the right price
GST Calculator
Calculate your tax burden and make wise financial decisions
with our easy-to-use GST Calculator
RBI Registered
5000+ SMEs Trust Us
₹ 3000 Cr+ AUM
Is cost GST inclusive?
Is product origin & billing state same?
Is product origin & billing state same?
Is product origin & billing state same?
Original Cost:
Total Amount
What is GST ?
GST (Goods and Services Tax) is an indirect tax levied on the supply of goods and services by the Government of India on July 1, 2017.
Before the introduction of GST, multiple taxes were levied at different stages of the supply chain. GST simplified the tax structure by eliminating multiple taxes and encompassing all indirect taxes into one.
All businesses are needed to register for GST under the current system in order to receive a special GST Identification Number (GSTIN). Depending on the sort of products or services being delivered, GST is assessed at various rates. GST is divided into four brackets: 5%, 12%, 18%, and 28%. The GST is not applied to some necessities including milk, fruits, and vegetables.
Before the introduction of GST, multiple taxes were levied at different stages of the supply chain. GST simplified the tax structure by eliminating multiple taxes and encompassing all indirect taxes into one.
All businesses are needed to register for GST under the current system in order to receive a special GST Identification Number (GSTIN). Depending on the sort of products or services being delivered, GST is assessed at various rates. GST is divided into four brackets: 5%, 12%, 18%, and 28%. The GST is not applied to some necessities including milk, fruits, and vegetables.
Different types of GST
GST has three different components:
CGST - Central GST: This is the tax that the central government collects from the exchange of goods and services within the boundaries of a state. The revenue collected is claimed by the central government.
SGST - State GST: This is the tax that the state government collects from the exchange of goods and services within the boundaries of a state. The revenue collected is claimed by the state government
IGST - Integrated GST: This tax is the one that the central government collects from exchange of goods and services between states. The revenue collected is shared between the state and the central government.
In addition to the above, UTGST also exists.
UTGST - Union Territory GST: This tax is collected on the supply of goods and services within the Union territories and the revenue is claimed by the respective union territories.
CGST - Central GST: This is the tax that the central government collects from the exchange of goods and services within the boundaries of a state. The revenue collected is claimed by the central government.
SGST - State GST: This is the tax that the state government collects from the exchange of goods and services within the boundaries of a state. The revenue collected is claimed by the state government
IGST - Integrated GST: This tax is the one that the central government collects from exchange of goods and services between states. The revenue collected is shared between the state and the central government.
In addition to the above, UTGST also exists.
UTGST - Union Territory GST: This tax is collected on the supply of goods and services within the Union territories and the revenue is claimed by the respective union territories.
Different Tax Slabs of GST
Depending on the sort of products or services being delivered, GST is assessed at various rates and is divided into four brackets:
5%
12%
18%
28%
This is how the tax structure for common-use goods is going to work.
5%
12%
18%
28%
This is how the tax structure for common-use goods is going to work.
Frequently Asked Questions
What is GST ?
GST (Goods and Services Tax) is an indirect tax levied on the supply of goods and services by the Government of India on July 1, 2017.
All businesses are needed to register for GST under the current system in order to receive a special GST Identification Number (GSTIN). Depending on the sort of products or services being delivered, GST is assessed at various rates. The GST is not applied to some necessities including milk, fruits, and vegetables.
All businesses are needed to register for GST under the current system in order to receive a special GST Identification Number (GSTIN). Depending on the sort of products or services being delivered, GST is assessed at various rates. The GST is not applied to some necessities including milk, fruits, and vegetables.
How is GST calculated ?
If GST is excluded in the net price:
If GST is included in the net price:
CGST = (GST amount)/2
SGST = (GST amount)/2
- GST Amount = (Original Cost*GST Rate)/100
- Total Price = Original Cost + GST Amount
If GST is included in the net price:
- GST Amount = Total Price - Original Cost
- Original Cost = {Total price*[100/(100+GST Rate)]}
CGST = (GST amount)/2
SGST = (GST amount)/2
How do you use a GST Calculator ?
The calculator can be used in a few simple steps:
- Enter the Net Price, Cost of Production or Cost of Goods
- Enter the tax slab as per the goods or services offered by you (refer to the table)
- Enter your Profits (If any)
- Calculate GST now!
Is everyone liable for GST ?
No, not everyone is liable for GST (Goods and Services Tax).
Only companies or people who engage in taxable activities and have yearly sales above a predetermined level must register for GST and add GST to their taxable supply prices.
Only companies or people who engage in taxable activities and have yearly sales above a predetermined level must register for GST and add GST to their taxable supply prices.
What are the advantages of using a GST Calculator ?
Using a GST (Goods and Services Tax) calculator has a number of benefits, such as:
- Accuracy: The GST calculator makes sure that the GST due on a certain transaction is calculated correctly.
- Time-saving: The calculator helps you save time by doing the calculations for you instead of doing them manually, which may be time consuming and error-prone.
- Cost-effective: Making use of a GST calculator will help you avoid costly errors that could incur penalties, fines, or legal repercussions.
- Convenience: Both individuals and businesses can easily calculate their GST liabilities thanks to the calculator's user-friendly interface and easy accessibility online.
- Better decision-making: Businesses and individuals can simply calculate the GST payable and consider it into their pricing or budgeting decisions.
What our Clients say
