GST Calculator
The calculator is only a tool that assists the users to arrive at results of various illustrative scenarios generated from the data input by the users. The user should exercise due care and caution (including if necessary, obtaining of advise of tax/legal/accounting/financial/other professionals) prior to taking of any decision, acting, or omitting to act, on the basis of the information contained/data generated herein.
PCHFL does not undertake any liability or responsibility to update any data. No claim (whether in contract, tort (including negligence) or otherwise) shall arise out of or in connection with the services against PCHFL. Neither PCHFL nor any of its agents or licensors or group companies shall be liable to user/any third party, for any direct, indirect, Incidental, special, or consequential loss or damages (including, without limitation for loss of profit, business opportunity or loss of goodwill) whatsoever, whether in contract, tort, misrepresentation or otherwise arising from the use of these tools/information contained/data generated herein.
What is GST?
GST is an indirect tax levied on goods and services in India. The central government of India passed the GST Act in the 2017 Budget Session. The Parliament approved the bill on 29th March 2017. Finally, the unified taxation system was introduced on 1st July 2017.
After it came into existence, all other indirect taxes in the country were replaced by the GST. Some of the indirect taxes that were replaced by GST included the Central Excise Duty, VAT, Entry Tax, and Octroi. GST is comprehensively levied on the manufacture, consumption, and sale of goods and services in the country.
Both small and large organizations need a GST Identification Number, or GSTIN, for registration under the GST policy. The different types of GST collected by the government of India are as follows:
State GST (SGST) : SGST is collected by the state government.
Central GST (CGST) : CGST is collected by the central government.
Integrated GST (IGST) : IGST is collected by the central government. An IGST calculator is useful in the case of inter-state imports and transactions.
Union Territory GST (UTGST) : UTGST is collected by the government of union territories.
What is the Percentage of GST in India?
Under the GST regime, essential services and food items are placed in the lower tax brackets. On the other hand, luxury products and services fall under higher tax brackets. The GST Council has included more than 1300 goods and 500 services under four GST slabs.
The four GST slabs (5% GST, 12% GST, 18% GST, and 28% GST) are separate from the 3% slab for gold and the 0.25% slab for precious and semi-precious stones. Let us consider what's included under the four GST rate slabs:
5% GST Rate Slab:
14% of goods and services fall under this category. Some items included under this category include frozen vegetables, tea, coffee, spices, clothing below ₹ 1000 and footwear below ₹ 500, revenue stamps, rail tickets and economy class flight tickets, small restaurants, and more.
12% GST Rate Slab:
17% of goods and services fall under this category. Some items included under this category include frozen meat, butter, cheese, ghee, and fruit juices. Spectacles, non-AC restaurants, apparel above ₹ 1000, business class air tickets, and more.
18% GST Rate Slab:
43% of goods and services fall under this category. Some items included under this category include cakes and pastries, soups, ice cream, mineral water, footwear above ₹ 500, restaurants in five-star and luxury hotels, IT services, telecom services, and more. Our 18 percent GST calculator is useful for determining the prices of these goods and services.
28% GST Rate Slab:
19% of goods and services fall under this category. Some items included under this category include chewing gum, aerated water, washing machine, automobiles, movie tickets above ₹ 100, 5-star hotel stays, and more.
The remaining 7% of goods and services fall under the no-tax or exempted GST rate slab. Some common items under this category include fresh meat, eggs, fish, newspapers, printed books, hotels and lodges with a tariff below ₹ 1000, salt, and more. Use our GST percentage calculator to determine how much tax you will have to pay for different goods and services under the various GST rate slabs.
GST Calculation Formula
You can choose the appropriate GST calculation formula according to your requirements:
Adding GST to the original amount:
GST Amount= (Base cost * GST%) / 100
Net Price= Base cost + GST Amount
Removing GST from the original amount:
GST Amount= Base cost - [Base Cost * {100/ (100 + GST%)}]
Net Price= Base cost - GST Amount
If you want to avoid mathematical calculations, you can always use our GST calculator in India. It will also ensure that you can get accurate results instantly without any error in calculation.
Frequently asked questions
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