About GST
Goods and Services Tax (GST) is a destination-based indirect tax levied on the sale of goods and services in India. It is collected from manufacturers, wholesalers, retailers, and consumers at the point of consumption and is charged on every value addition.
The GST act was passed in the parliament on 29th March 2017, with an objective to simplify taxation for businesses by replacing all indirect taxes like central excise duty, service tax, VAT, octroi and surcharges.
Forms of GST
State Goods & Services Tax (SGST)
Levied by a state government on transactions done within state boundaries
Central Goods & Services Tax (CGST)
Levied by the central government on transactions done within state boundaries
Integrated Goods & Services Tax (IGST)
Levied by the central government on interstate supply of goods & services
How to Calculate GST
Using Formulae
If price is GST exclusive:
GST Amount = (Value of supply x GST%)/100
Total selling price = Value of supply + GST Amount
If price is GST inclusive:
GST Amount = Value of supply – [Value of supply x {100/(100+GST%)}]
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Know moreFrequently Asked Questions
This GST calculator can be used by buyers, manufacturers, and wholesalers.
Yes, one just needs to enter the cost of production/cost of goods, profit margin, and rate of GST.
All they need is to enter the net price before GST and then select the rate of GST.
Our GST calculator gives accurate details of your tax amount and total selling price using minimum time and effort.
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