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GST Calculator

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RBI registered company

Calculate your GST amount under different tax slabs

Our GST calculator can help you figure out your Goods and Services Tax liability within seconds! Simply enter the details of your business and turnover and arrive at the GST amount you owe. Here’s your simple solution to making a timely and error-free tax payment.


₹ 0 ₹ 50,00,000
5%
12%
18%
28%
Gross Price
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CGST Amount
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IGST Amount
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Total Tax
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Sivachandra R.
Sri Aarusuvai Food Products
We took the loan and two subsequent ones from Kinara for buying machinery, which have been very helpful in running our business successfully
Sivachandra R.
Sri Aarusuvai Food Products
We took the loan and two subsequent ones from Kinara for buying machinery, which have been very helpful in running our business successfully
Sivachandra R.
Sri Aarusuvai Food Products
We took the loan and two subsequent ones from Kinara for buying machinery, which have been very helpful in running our business successfully

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More about GST Calculator

GST CALCULATION

What is GST? And how is it calculated?

The Goods and Services Tax (GST) is a comprehensive, multi-stage tax system that is applied to the sale of goods and services across India. GST replaced all other indirect taxes, and the main aim of this system is to simplify the taxation process for businesses. Under the GST regime, tax is levied at every point of sale. In the case of intra-state sales, Central GST (CGST) and State GST (SGST) are charged. For all the inter-state sales, taxes are chargeable to the Integrated GST (IGST).

TAX CALCULATION

Tax calculation under GST system and types of GST

GST is charged at various slab rates depending on the nature of the goods or services. This ranges from certain essentials which are exempt, followed by tax rates of 5%, 12%, 18% and up to 28% on luxury goods. The formula for calculating GST is the taxable amount multiplied by the GST slab rate applicable to the item or service in question. GST can be calculated by multiplying the taxable amount with the GST rate applicable to the item or service. If CGST and SGST are to be applied to the transaction, each accounts for half of the GST amount. Under the GST regime, tax is levied at every point of sale. In the case of intra-state sales, Central GST (CGST) and State GST (SGST) are charged. For all the inter-state sales, taxes are chargeable to the Integrated GST (IGST).

GST CALCULATION

GST calculation for retailers and wholesalers

Retailers and wholesalers were brought under the ambit of GST in a bid to formalize their transactions and minimize tax evasion through unregistered monetary exchanges. With the new GST rules on the wholesale and retail industry, every invoice with taxable supply has to be uploaded on the GSTN portal. It needs to be accepted by the buyer, retailers and wholesalers, thereby reducing tax evasion. Retailers and wholesalers can use the following formulae to calculate their GST liability:

For GST excluded amount: GST = (value of product or service * GST%)/10

For GST included amount: GST = value of product or service – [value of product/service * {100/(100+GST%)}]

GST CERTIFICATE

Why should you get GST certification?

According to the GST mandate, it is compulsory for a business that has a turnover of more than Rs. 40 lakhs to register as a normal taxable entity. But registering your business and getting a GST identification number or GSTIN also has the following benefits:
  • The amount of sales tax you are required to pay may be reduced, because you only need to pay for the added value provided by your company.
  • The GSTIN is a symbol of legitimacy. It contributes to your brand identity and can help you secure funding and orders for your business.
  • GST is a consolidated tax regime, which means you have to file only one return, minimizing the possibility of error, omission or scrutiny.
  • GST has special provisions for e-commerce brands and inter-state movement of goods, which can make your operations smoother.

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GST Calculator