Online GST Calculator

How GST is Calculated?

GST (Goods and Services Tax) in India is calculated by multiplying the taxable value of goods or services by the applicable GST rate. If both Central GST (CGST) and State GST (SGST)/Union Territory GST (UTGST) are applicable, then the CGST and SGST/UTGST amounts will be half of the total GST amount. The formula for calculating GST is:

GST = Taxable Value x GST Rate

For example: if the taxable value of a product is Rs. 1,000 and the GST rate is 18%, then the GST amount would be:

GST = 1,000 x 18/100 = Rs. 180

Therefore, the total cost of the product including GST would be Rs. 1,000 + Rs. 180 = Rs. 1,180.

If you have the amount which already includes the GST, and you want to calculate the GST-excluding amount, then you can use the following formula:

GST Excluding Amount = GST Including Amount/(1 + GST Rate/100)

For example, if the GST-including amount is Rs. 1,180 and the GST rate is 18%, then the GST-excluding amount would be:

GST Excluding Amount = 1,180/(1 + 18/100) = Rs. 1,000

Therefore, the original cost of the product before GST was added would be Rs. 1,000.

What is the percentage of GST in India?

In India, GST (Goods and Services Tax) rates range from 0% to 28%, depending on the type of goods or services being taxed. The GST rates in India are as follows:

• 0% GST rate: for essential items like milk, fruits, vegetables, and other basic necessities
• 0.25% GST rate: for rough diamonds and precious stones
• 3% GST rate: for gold and other precious metals
• 5% GST rate: for items like packaged food items, footwear, and textiles
• 12% GST rate: for items like furniture, toothpaste, and umbrellas
• 18% GST rate: for most of the services and items like electronic goods, detergents, and air conditioners
• 28% GST rate: for items like luxury cars, tobacco, and cement

Some goods and services are exempted from GST or fall under a Nil GST rate or have a Cess (additional tax) applicable to them. It’s essential to consult the GST rates list to determine the applicable rate for a specific item or service.

What are the types of GST?

The types of GST in India are:

1. IGST (Integrated Goods and Services Tax): collected by the Central Government on the inter-state sale of goods and services.
2. SGST (State Goods and Services Tax): levied by the State Government on the sale or purchase of goods and services within the state.
3. CGST (Central Goods and Services Tax): levied by the Central Government on the intra-state supply of goods and services.
4. UTGST (Union Territory Goods and Services Tax): levied by the Union Territory Government on the sale or purchase of goods and services within the Union Territory.