GST Calculator

Goods and Services Tax (GST) is an indirect tax levied on the supply of goods and services in India. GST is a destination-based, multi-stage tax that is applied at every stage of value addition. It came into effect on 1 July 2017, replacing multiple indirect taxes that were previously levied by the central and state governments.

Under GST, goods and services are taxed under five slabs: 0%, 5%, 12%, 18%, and 28%. Certain items such as petroleum products, alcoholic liquor for human consumption, and electricity are currently kept outside the GST framework and continue to be taxed separately by state governments.

What Are the Different GST Tax Heads?

GST in India is divided into four major components:

Central Goods and Services Tax (CGST)

CGST is levied by the Central Government on intra-state supply of goods and services. It has subsumed earlier central taxes such as central excise duty, service tax, and central cess and surcharges.

State Goods and Services Tax (SGST)

SGST is levied by the State Government on intra-state supply. It replaces earlier state-level taxes such as VAT, sales tax, entry tax, and state cesses.

Integrated Goods and Services Tax (IGST)

IGST is charged on the inter-state supply of goods and services, including imports. It is collected by the Central Government and later shared with the destination state.

Union Territory Goods and Services Tax (UTGST)

UTGST applies to the supply of goods and services within Union Territories where there is no legislature. It works on similar lines as SGST.

What Is a GST Calculator?

A GST calculator is an online tool that helps calculate the GST payable or GST included amount for a given transaction. It can be used by buyers, sellers, manufacturers, distributors, and service providers to quickly determine tax liability for a month or a quarter.

GST Calculation Formula

A taxpayer can calculate GST using the following formulas:

To Add GST to the Base Amount

GST Amount = (Original Cost × GST Rate) / 100
Net Price = Original Cost + GST Amount

To Remove GST from an Inclusive Amount

GST Amount = Original Cost − [Original Cost × (100 / (100 + GST Rate))]
Net Price = Original Cost − GST Amount

How to Use a GST Calculator?

Follow these simple steps to calculate GST online:

1. Select GST Inclusive or GST Exclusive, as required
2. Enter the base amount
3. Choose the applicable GST rate from the dropdown
4. Click on Calculate

The calculator will instantly show the GST amount along with the pre-GST or post-GST value, based on your selection.

What Is a GST Inclusive Amount?

A GST inclusive amount is the final price of a product or service where GST is already included in the total value. In this case, tax is not charged separately from the customer.

What Is a GST Exclusive Amount?

A GST exclusive amount refers to the base price of a product or service before GST is added. The GST amount is calculated separately and added to the base value.