style

modal-overlay, dp-none

GST Calculator

Determine the GST payable for particular period.

style

breadcrumb-handle, home-loan-eligibility-calculator, page-container, mb-70, mob-mb-40

A GST calculator is a ready-to-use online tool to determine the payable GST for a particular period. Anyone can use the tool to determine how much they will have to pay as GST. Everyone, including buyers, sellers, manufacturers, and wholesalers, will benefit from using a GST calculator online.

style

list-content-wrapper, page-container, mb-70,mob-mb-40

/api/gst-calculator.json

/api/apply-form-loan.json

style

home-page-calculator-call-xf

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.

style

steps-for-apply,steps-for-apply-black,steps-gst-content-align,page-container, mb-72,mb-70,mob-mb-40

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.

style

Eligibility Criteria Wrapper, page-container,mb-70,mob-mb-40

Products India Tax rates(GST) Milk, Eggs, Curd, Lassi, Kajal, Educations Services Health Services, Children's Drawing & Coloring Books Unpacked Foodgrains, Unpacked Paneer, Gur, Unbranded Natural Honey Fresh Vegetables, Salt, Unbranded Atta, Unbranded Maida Besan, Prasad, Palmyra Jaggery, Phool Bhari Jhadoo 0% Sugar, Tea, Packed Paneer, Coal, Edible Oils, Raisin Domestic LPG, Roasted Coffee Beans, PDS Kerosene Skimmed Milk Powder, Cashew Nuts, Footwear (< Rs.500) Milk Food for Babies, Apparels (< Rs.1000) Fabric, Coir Mats, Matting & Floor Covering Spices, Agarbatti, Coal, Mishti/Mithai (Indian Sweets) Life-saving drugs, Coffee (except instant) 5% Butter, Ghee, Computers, Processed food, Almonds Mobiles, Fruit Juice, Fruits, Preparations of Vegetables, Nuts Fruits, or other parts, Packed Coconut Water Umbrella, Pickle Murabba, Chutney, Jam, Jelly 12% Hair Oil, Capital goods, Toothpaste, Industrial Intermediaries Soap, Ice-cream, Pasta, Toiletries, Corn Flakes, Soups Computers, Printers 18% Small cars (+1% or 3% cess), High-end motorcycles (+15% cess) Consumer durables such as AC and fridge, Beedis are NOT included here Luxury & sin items like BMWs, cigarettes, and aerated drinks (+15% cess) 28%

style

table-text-center-align, two-col-table, fees-charges--wrapper,page-container,mb-70,mob-mb-40,dp-none

Row 1
- Products
- India Tax rates(GST)
Row 2
- Milk, Eggs, Curd, Lassi, Kajal, Educations Services Health Services, Children's Drawing & Coloring Books Unpacked Foodgrains, Unpacked Paneer, Gur, Unbranded Natural Honey Fresh Vegetables, Salt, Unbranded Atta, Unbranded Maida Besan, Prasad, Palmyra Jaggery, Phool Bhari Jhadoo
- 0%
Row 3
- Sugar, Tea, Packed Paneer, Coal, Edible Oils, Raisin Domestic LPG, Roasted Coffee Beans, PDS Kerosene Skimmed Milk Powder, Cashew Nuts, Footwear (< Rs.500) Milk Food for Babies, Apparels (< Rs.1000) Fabric, Coir Mats, Matting & Floor Covering Spices, Agarbatti, Coal, Mishti/Mithai (Indian Sweets) Life-saving drugs, Coffee (except instant)
- 5%
Row 4
- Butter, Ghee, Computers, Processed food, Almonds Mobiles, Fruit Juice, Fruits, Preparations of Vegetables, Nuts Fruits, or other parts, Packed Coconut Water Umbrella, Pickle Murabba, Chutney, Jam, Jelly
- 12%
Row 5
- Hair Oil, Capital goods, Toothpaste, Industrial Intermediaries Soap, Ice-cream, Pasta, Toiletries, Corn Flakes, Soups Computers, Printers
- 18%
Row 6
- Small cars (+1% or 3% cess), High-end motorcycles (+15% cess) Consumer durables such as AC and fridge, Beedis are NOT included here Luxury & sin items like BMWs, cigarettes, and aerated drinks (+15% cess)
- 28%

style

table-text-center-align, two-col-table, fees-charges--wrapper,page-container,mb-70,mob-mb-40

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.

style

Eligibility Criteria Wrapper, page-container,mb-70,mob-mb-40

Simple GST Calculation

If you want to understand GST calculation in simple terms, you should consider this example. Suppose the actual cost of a good or service is ₹ 1000. An 18% GST is applicable to it. In that case, the total price can be calculated in this way:

1000 + {1000 x (18/ 100)}
= 1000 + 180
= 1180
Therefore, the total cost of the good or service will be ₹ 1180.

style

list-content-wrapper, gst-page-orange-list-wrapper,page-container,mb-70,mob-mb-40

GST Calculation for Manufactures

Row 1
- Principal Amount
- Percentage
- Pre-GST Amount
- Amount after adding GST
Row 2
- Cost of the good or service
- NA
- ₹200,000
- ₹ 200,000
Row 3
- Profit
- 10.00%
- ₹200,000
- ₹ 20,000
Row 4
- Excise Duty
- 12.50%
- ₹ 27,500
- Nil
Row 5
- Total
- NA
- ₹ 247,500
- ₹ 220,000
Row 6
- VAT
- 12.50%
- ₹ 30,938
- Nil
Row 7
- SGST
- 6%
- Nil
- ₹ 13,200
Row 8
- CGST
- 6%
- Nil
- ₹ 13,200
Row 9
- Final invoice for the manufacturer
- NA
- ₹ 278,438
- ₹ 246,400

The introduction of GST and the elimination of multiple indirect taxes enabled the manufacturer to save ₹ 160 on a 1000 points cost. It means that the manufacturer enjoyed a 16% savings on the cost due to the change in the tax structure. As manufacturers enjoy a cost reduction, they pass it down along the supply chain to retailers, wholesalers, and end-consumers.

style

four-col-table, fees-charges--wrapper, page-container,mb-70,mob-mb-40,dp-none

GST Calculation for Manufactures

Principal Amount Percentage Pre-GST Amount Amount after adding GST Cost of the good or service NA ₹200,000 ₹ 200,000 Profit 10.00% ₹200,000 ₹ 20,000 Excise Duty 12.50% ₹ 27,500 Nil Total NA ₹ 247,500 ₹ 220,000 VAT 12.50% ₹ 30,938 Nil SGST 6% Nil ₹ 13,200 CGST 6% Nil ₹ 13,200 Final invoice for the manufacturer NA ₹ 278,438 ₹ 246,400

style

four-col-table, fees-charges--wrapper, page-container,mb-70,mob-mb-40,dp-none

GST Calculation for Manufactures

Row 1
- Principal Amount
- Percentage
- Pre-GST Amount
- Amount after adding GST
Row 2
- Cost of the good or service
- NA
- ₹200,000
- ₹ 200,000
Row 3
- Profit
- 10.00%
- ₹200,000
- ₹ 20,000
Row 4
- Excise Duty
- 12.50%
- ₹ 27,500
- Nil
Row 5
- Total
- NA
- ₹ 247,500
- ₹ 220,000
Row 6
- VAT
- 12.50%
- ₹ 30,938
- Nil
Row 7
- SGST
- 6%
- Nil
- ₹ 13,200
Row 8
- CGST
- 6%
- Nil
- ₹ 13,200
Row 9
- Final invoice for the manufacturer
- NA
- ₹ 278,438
- ₹ 246,400

style

four-col-table, fees-charges--wrapper, page-container,mb-70,mob-mb-40

GST Calculation for Wholesalers and Retailers

Row 1
- Particulars
- Percentage
- Pre-GST Amount
- Amount after adding GST
Row 2
- Cost of the good or service
- NA
- ₹ 278,438
- ₹ 246,400
Row 3
- Profit percentage
- 10.00%
- ₹27,844
- ₹ 24,640
Row 4
- Total
- 12.50%
- ₹ 306,282
- ₹ 271,040
Row 5
- VAT
- 12.50%
- ₹ 38,258
- Nil
Row 6
- SGST
- 6%
- Nil
- ₹ 16,262
Row 7
- CGST
- 6%
- Nil
- ₹ 16,262
Row 8
- Final invoice for the manufacturer
- NA
- ₹ 344,567
- ₹ 303,564

Under the GST regime, the product cost falls due. Therefore, the end consumer has to pay a reduced amount for goods and services. However, the profit margin earned by retailers and wholesalers remains the same.

style

four-col-table, fees-charges--wrapper, page-container,mb-70,mob-mb-40

Advantages of GST Calculator

The best GST calculator from Piramal Finance offers the following advantages:

Easy to use: The easy GST calculator from Piramal Finance is simple to use and navigate. You will need to enter certain details to get the results that you need.
Multi-purpose: You can use our GST calculator for flat purchases and various other purposes. You can even use the tool as a pre-GST calculator.
GST interest calculation: Worried about GST interest? Our GST interest calculator online will come to your rescue.
Use anytime, anywhere: You can use our GST interest calculator anytime, anywhere. Whether it's your mobile phone or laptop, our GST calculator is always available.
GST penalty calculator: Are you late in paying the GST for a particular period? You can use our GST late fee calculator to determine how much you need to pay.
Fast calculation: Our GST calculator will offer results as fast as possible. You need to enter the required information to learn about the payable amount instantly.
Error-free calculation: Our reverse GST calculator ensures that you receive error-free results. Since there are no manual calculations involved, you don't have to worry about mistakes in the calculation.

style

steps-for-apply-list-text,steps-for-apply-black, steps-for-apply,page-container, mb-72,mb-70,mob-mb-40

How to Calculate GST Using Our Piramal Finance GST Calculator?

The Piramal Finance online GST calculator in India is simple and straightforward to use. Check out the below-mentioned steps to learn how to use our online calculator for GST:

For a Buyer:

Step 1: Choose the Net Price.

Step 2: Choose the GST Rate % p.a. You can select whether you want the GST Rate to be 5%, 12%, 18% or 28%

Step 3: You will see the Gross Price Value and the Total GST amount.

For A Manufacturer or Wholesaler:

Step 1: Choose the Cost of Goods

Step 2: Choose the Profit Ratio

Step 3: Choose the CST Rate (% p.a.)

Step 4: The Final Price will be displayed. You can also view the CST and IGST price below the final price.

The GST-inclusive amount signifies the total value of a product after adding the GST amount to the original cost of the product. In this case, the GST isn't separately charged from the customer.

The GST-exclusive amount can be obtained by subtracting the GST amount from the GST-inclusive amount of a product.

style

steps-for-apply-black, steps-for-apply,gst-steps-content-orange,page-container, mb-72,mb-70,mob-mb-40

Frequently asked questions

What is the GST calculator?

A GST calculator is a ready-to-use online tool that helps figure out the payable GST for a quarter or month according to the amount. Users of different types of trade, including buyers and sellers, benefit from a GST inclusive calculator.

Who can use the GST calculator?

A GST tax calculator is beneficial for buyers, manufacturers, and wholesalers. The tool is useful for anyone who needs to pay GST.

How can a manufacturer/wholesaler use the GST calculator?

Any wholesaler or manufacturer can use the GST calculator in India from Piramal Finance. Once they enter the details required by the GST calculator, the tool will show the payable amount. The manufacturer or wholesaler will have to enter the production cost/ cost of goods, rate of GST, and profit ratio percentage. After hitting enter on the calculator, the manufacturer or wholesaler will be able to see the total cost of production and total tax, including the CGST and SGST. It will also reveal the IGST in case of inter-state transactions or imports.

How can a buyer use the GST calculator?

A buyer can use a GST calculator rapid on the Piramal Finance website. The tool will require the buyer to enter some specific details to proceed with the calculation. The buyer will have to mention the net price before GST, along with the rate of GST. The calculator will reveal the total production cost and total tax, including the CGST and SGST.

What are the benefits of the GST calculator?

One can enjoy multiple benefits by using an advanced GST calculator. The best part is that it removes the need for complicated mathematical formulas to calculate the GST amount.

Is registration required when it is exempted goods that have a brand of their own?

The supply of exempt goods is counted as non-taxable. Therefore, they don't trigger registration. They also don't claim tax credits for input or other related provisions.

Are export services required to issue a tax invoice to the customer or a bill of supply?

In the case of export services, a bill of supply is often issued instead of a tax invoice because they are zero-rated supplies. Apart from the name and residential details of the recipient, several other details need to be mentioned on the bill of supply.

Do ISDs require GST registration?

ISD under GST is a continuation of the practice under the Service Tax Regime. Even if you have ISD registration, separate GST registration is mandatory. However, no threshold limit exists for ISD registration.

Who decides rates to impose GST?

India has a separate GST Council to impose the GST rates. However, the Center, as well as the state governments, need to agree with the recommendations of the GST Council before the rates get imposed.

As liquor is not included in GST law, whether the trader of the country's liquor is required to migrate to GST from VAT?

When a country liquor trader is completely involved in the supply of goods and not liable for GST, they don't need GST registration.

style

faq-view-more-logic, faq-section--wrapper, faq-accordion-css-with-orange-heading, page-container, mb-70, mob-mb-40

Similar Calculators

secondary

Glider

{ "slidesToShow": 1, "slidesToScroll": 1, "scrollLock": true, "draggable": true, "responsive": [ { "breakpoint": 767, "settings": { "slidesToShow": 2, "slidesToScroll": 1 } }, { "breakpoint": 1025, "settings": { "slidesToShow": 2.83, "slidesToScroll": 1, "scrollLock": true, "draggable": true } }, { "breakpoint": 1300, "settings": { "slidesToShow": 3.5, "slidesToScroll": 1, "scrollLock": true, "draggable": true } } ] }

teaser, light, left

Home Loan Eligibility Calculator

Try Now

teaser, light, left

Business Loan Eligibility Calculator

Try Now

teaser, light, left

Business Loan EMI Calculator

Try Now

teaser, light, left

Home Loan EMI Calculator

Try Now

teaser, light, left

Personal Loan EMI Calculator

Try Now

teaser, light, left

Personal Loan EMI Calculator

Try Now

style

calc-desktop-carousel-wrapper, calc-mob-carousel-wrapper, page-container, mb-70, mob-mb-40

About Piramal Finance

Piramal Finance is a part of Piramal Group Enterprises Limited and is registered under National Housing Bank. It offers retail and wholesale funding opportunities to companies across different industries. It is also involved with financial service businesses. The business loan benefits offered by Piramal Finance enable companies of different sizes to fulfill their goals. But Piramal Finance also offers other kinds of loans, including housing and personal loans.

style

list-content-wrapper, page-container, mb-70,mob-mb-40

GST Calculator

What is GST?

What is the Percentage of GST in India?

GST Calculation Formula

Simple GST Calculation

GST Calculation for Manufactures

GST Calculation for Manufactures

GST Calculation for Manufactures

GST Calculation for Wholesalers and Retailers

Advantages of GST Calculator

How to Calculate GST Using Our Piramal Finance GST Calculator?

The Piramal Finance online GST calculator in India is simple and straightforward to use. Check out the below-mentioned steps to learn how to use our online calculator for GST:

For a Buyer:

For A Manufacturer or Wholesaler:

The GST-inclusive amount signifies the total value of a product after adding the GST amount to the original cost of the product. In this case, the GST isn't separately charged from the customer.

The GST-exclusive amount can be obtained by subtracting the GST amount from the GST-inclusive amount of a product.

Frequently asked questions

Similar Calculators

Recommended Articles

About Piramal Finance