| Component | Amount (₹) |
|---|
Do you know you can simplify tax calculations with a GST calculator? It quickly computes GST and the final price with accuracy.
What Is GST?
GST (Goods and Services Tax) is an indirect tax levied by the Government of India on the supply of goods and services. When a consumer makes a purchase, GST is collected by the seller as part of the transaction value, and the seller subsequently remits this tax to the government treasury.
The GST Bill was passed on March 29, 2017, and GST was implemented across India from July 1, 2017. GST introduced a streamlined, unified system of indirect taxation, replacing multiple indirect taxes such as VAT, sales tax, excise duty, service tax, and others.
GST Rates Of Common Items
| Goods Category | Examples | GST Rate |
|---|---|---|
| Essential Food Items | Rice, Wheat, Milk | 0% – 5% |
| Packaged Food | Snacks, Biscuits | 5% |
| Clothing | Readymade Garments | 5% – 12% |
| Footwear | Shoes, Sandals | 5% – 18% |
| Electronics | Mobile Phones, TVs | 18% |
| Home Appliances | Washing Machine, Refrigerator | 18% – 28% |
| Personal Care Products | Soap, Shampoo | 18% |
| Stationery | Books, Notebooks | 0% – 12% |
| Automotive | Cars, Two-Wheelers, Auto Parts | 18% – 28% |
| Luxury Goods | Perfumes, Watches | 28% |
Note: GST rates may vary based on product type and classification. For more details, visit here.
What is A GST Calculator?
A GST Calculator is an intuitive tool designed to calculate the GST amount on a product price. It allows you to compute GST whether it is included in the product price or charged separately. In both cases, the calculator automatically determines the GST based on the tax slab selected, making the calculation quick and accurate.
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How Does A GST Calculator Work?
The GST Calculator works based on the following formula. There are two scenarios: one is when the GST is included in the price, and the other is when the GST is charged separately.
- GST is included in the price
The formula is :
GST= Original cost – [Original cost x {100/(100+GST%)}]
Net Price: Original Cost – GST
- GST is excluded from the price
GST= (Price x GST%)
Net Price: Price + GST
How To Use A GST Calculator?
To use the GST Calculator, first select whether the GST is included in the price or excluded from the price. Next, choose the applicable GST slab and enter the product price. Based on these inputs, the calculator will instantly display the GST amount.
For example, if the product price is ₹100 and the GST slab is 12%:
- If GST is excluded from the price, the GST amount will be ₹12, and the final price becomes ₹112.
- If GST is included in the price, the GST amount will be ₹10.71, and the base price (before GST) will be ₹89.29.
Benefits Of The GST Calculator
- Clearly understand exactly how much tax you are paying.
- Easily switch between GST-inclusive and GST-exclusive pricing.
- Avoid errors in GST calculation, as the calculator automatically shows the correct GST amount.
- Free to use and simple to operate.
Conclusion: GST Calculator
You no longer need to worry about the hassle of calculating GST manually. This GST Calculator ensures accurate and reliable results every time.
While calculating GST is straightforward when it is added separately to the price, it becomes tricky when GST is already included in the price. That’s where this calculator comes to your rescue—instantly breaking down the exact GST amount and base price with precision.
