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Calculate GST on goods and services online

Free GST Calculator Tool

Use HSN to find rate

GST Calculator

GST persists for Goods and Services Tax that India's Government has levied at the national or state level. GST calculator online, advanced by various third-party websites, can be practised to determine the applicable cost of GST. Indian Gst calculator is a tool that supports in calculating the GST amount on multiple goods or services correctly. The tool's objective is to display the total value of goods or services, including GST.

Goods and Services Tax levied by the government of India on the manufacturers or producers, sellers, and purchasers of goods and services at the national level. It is based and works on the principle of Value Added Tax (VAT). As GST is levied on value addition at every stage, a customer needs to pay the GST charged by the last merchant or supplier in the supply series.

Distinct types of GST assembled by the government are:

  • State Good and service tax (SGST): collected by the State Government.
  • Central Good and service tax (CGST): collected by Central Government
  • Integrated Good and service tax (IGST): Central Government accumulates it for inter-state purchases or sales transaction and imports
  • Union Territory GST (UTGST): collected by Union Territory Government

Why is the gst calculator essential

In India, there are five GST slabs, and if you are administering various GST slabs for goods or services, you have to ascertain the values or cost, including or excluding GST. In this situation, GST Calculators online become helpful as you can quickly and instantly calculate GST on goods and services through it. In addition to this, calculating values becomes a colossal task if you want to create thousands of invoices for goods or services with different GST slab rates.

Knowledge required to Calculate GST practising an online GST Calculator

To calculate GST using an online GST Calculator, the taxpayer must possess the GST rate or HSN/SAC Code relevant to those appropriate goods and services. With the unified tax system, it is feasible for all taxpayers to understand the tax imposed at distinct points for several goods and services under the GST regimen. Every taxpayer should know the GST rate relevant to multiple levels that are needed for GST calculation. There are five separate slabs for GST which are 0%,5%, 12%, 18%, and 28%.

GST Calculation for Inter-State Sales

The Central Government will impose integrated goods and service tax (IGST) on the inter-state supply of goods and services. IGST is assigned to the importing state in the event of inter-state transactions. In the old tax system, CST has been charged over and above VAT and the excise duty to transport goods between two countries. The goods travelling across state borders, IGST, are the sole tax levied in the GST system. Furnished Below is an illustration to explain the IGST system:

Value to ManufacturerOld Tax SystemNew GST System
Cost of Goods1,00,0001,00,000
VAT @ 12.5%12,500
IGST @12%12,000
CST of 2%2,250
Total Value to retailer1,14,5001,12,000

The above four listed points are the major advantages of using a Masters India GST calculator online in India.

How to calculate GST, from the GST Calculation formula?

To add GST to the base amount

  • Add GST

    GST Amount = ( Original value * GST% ) / 100

    Net Amount = Original value + GST Amount

  • To remove GST from the base amount,

    Remove GST

    GST Amount = Original value – (Original value * (100 / (100 + GST% ) ) )

    Net Price = Original value – GST Amount

GST Calculation Example

  • If goods or services are sold at Rupees 10,000 with the GST rate applicable at 18%, then the net price(NP) is calculated as = 10,000+ (10,000(18/100)) = 10,000+1800 = Rs. 11,800
  • In situation where good is sold for Rupees 20,000 and the applicable GST rate is 12%, so the net price of the goods will be 20,000 + 12% of 20,000 = 20,000 + 2400 = Rs. 22,400

Advantages of GST Calculator

Here are some of the fundamental advantages of using a GST calculator:

  • It permits users to manage the net or gross product price or rate on GST rates.
  • It empowers users to distinguish between SGST, CGST and IGST and assess each tax correctly.
  • It saves time by providing immediate returns.
  • It reduces the chance of human error when calculating the Price of products and services.
  • It is manageable to use and assists you calculate GST in a hassle-free practice.

Conclusion

The gst calculator india requires an amount of gross or net value, rate of GST tax, and an alternative to ordering the calculator whether to Add or Remove the Goods and Services Tax from the fixed cost. This unique form of assessment is deemed to be levied by India's Government from April 2016. The GST group is designed into Central GST (CGST), State GST (SGST), and Integrated GST (IGST).

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