VpnGuardian has launched a free GST calculator specifically designed for small businesses! This tool allows you to easily calculate GST in just seconds, eliminating the need for complicated math.
Free GST Calculator by VpnGuardian
How it Works!
Input Fields:
- Original Price (₹): Enter the product/service price.
- GST Rate (%): Choose the applicable rate (5%, 12%, 18%, or 28%).
- Price Type: Select whether the price is GST exclusive (price before adding GST) or GST inclusive (price already includes GST).
Calculation Logic:
- For GST Exclusive:
- GST Amount: Original Price×GST Rate100\frac{\text{Original Price} \times \text{GST Rate}}{100}100Original Price×GST Rate
- Final Price: Original Price + GST Amount
- For GST Inclusive:
- Base Price (Before GST): Original Price1+GST Rate/100\frac{\text{Original Price}}{1 + \text{GST Rate}/100}1+GST Rate/100Original Price
- GST Amount: Original Price – Base Price
- Final Price: Same as the Original Price
- CGST & SGST: The GST Amount is split equally into two halves.
Output Display:
The results section shows:
- Base Price (Before GST)
- GST Amount
- Final Price (After GST)
- CGST and SGST values
The GST Act was passed by the parliament on March 29, 2017 and implemented from July 1 of the same year. The Good and Services Tax is an indirect tax levied by the Indian government on all goods and services purchased within its jurisdiction. It is a single tax that has eliminated multiple indirect taxes of the previous regime such as sales tax, VAT, Excise Duty, etc.
Every enterprise operating in India has to mandatorily register for the GST. They are required to have a GST Identification Number or GSTIN. Consumers have to pay this tax for all goods they purchase and all the services they avail. As such, it is paramount that one understands how to compute GST accurately. You may take the help of the GST calculator to evaluate the same.
How Can a GST Calculator Help You?
Everything that you purchase, be it a product or a service, is taxed under the GST amount. It’s to your advantage to know how much tax you are paying for the products you use. That’s where an Indian GST calculator can come to your aid.
- GST tax calculator provides you with an accurate estimate of the amount of tax you have to pay.
- It helps you save time for the calculation of GST.
- It eliminates the chances of any fraudulent activities if you are an aware consumer who knows his/her taxes.
Formula to Determine GST Amount
The GST amount calculator uses a standardised method to calculate GST. There are 2 aspects of this calculator- adding GST and removing GST from the total price of an item.
For adding GST, the following formula is used.
GST amount = (Price x GST%)
Net price = Cost of the product + GST amount
For example, if a product or service costs Rs. 100 and the GST levied on that is 18%, the GST amount will be 100 x 18% = Rs. 18. The net amount you’d have to pay would be Rs. 118.
For removing GST from the net price of a product, the following formula is used:
GST= Original cost – [Original cost x {100/(100+GST%)}]
Net price = Original cost – GST
For example, if the cost of a product after GST of 18% is Rs. 118, its original cost is 118 – [100/(100 + 18%)}], which equates to Rs. 100.
How to Use vpnguaedian GST Calculator Online
You can use GST calculator India from the Groww website within minutes. You have to simply-
- Input the variables, i.e., original cost and GST percentage.
- The GST amount will be displayed immediately.
– What is GST Inclusive Amount
GST inclusive amount means the total value of the product after including the GST amount in the original price. Herein, the tax is not charged separately from the customer since it is already included in the price.
– What is GST Exclusive Amount
GST Exclusive Amount means the value of the product without GST being included. To calculate this amount, the GST amount is subtracted from the product’s GST inclusive value.