GST Calculator Online
Instantly Estimate Your GST
Use the calculator below to compute GST based on your net price and GST rate. You can also select the customer type to get a customized calculation.
Total Price:
₹ 11,800
Total Tax Amount (GST):
₹ 1,800
What is GST?
The Goods and Services Tax (GST) is a comprehensive indirect tax levied on the supply of goods and services in India. It has replaced various indirect taxes such as VAT, excise duty, and service tax. GST is a destination-based tax applied at every stage of the supply chain, with input tax credit being provided at each stage.
- Types of GST: There are four types of GST: CGST, SGST, IGST, and UTGST.
- CGST: Central Goods and Services Tax, levied by the central government.
- SGST: State Goods and Services Tax, levied by the state government.
- IGST: Integrated Goods and Services Tax, applied on inter-state transactions.
- GST Rates: GST rates in India are divided into different slabs: 5%, 12%, 18%, and 28%.
- Input Tax Credit (ITC): ITC allows businesses to claim credit for the GST paid on purchases.
Frequently Asked Questions (FAQs)
1. What is GST?
GST stands for Goods and Services Tax. It is an indirect tax that has replaced many indirect taxes in India, such as VAT, excise duty, and service tax.
2. What are the GST slabs in India?
GST is divided into four main slabs: 5%, 12%, 18%, and 28%. Some products are also exempt from GST, while others, like gold, attract a special rate of 3%.
3. How is GST calculated?
GST is calculated by multiplying the taxable amount by the GST rate. For example, if the net price of a product is ₹10,000 and the GST rate is 18%, the GST amount will be ₹1,800, and the total price will be ₹11,800.
4. Can businesses claim Input Tax Credit (ITC) on GST?
Yes, businesses can claim ITC on the GST they have paid on inputs. This can be adjusted against the GST payable on the final output.
5. What is the difference between CGST, SGST, and IGST?
CGST is the central tax, SGST is the state tax, and IGST is charged on inter-state sales. For example, a transaction within the state attracts CGST and SGST, while an inter-state transaction attracts IGST.
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