Calculate GST Online in India Under Different Tax Slabs - Legal Gyan

Dheeraj Budhori
July 30, 2022

GST Calculator Online

Amount (GST Exclusive):
GST % (GST rates 5%, 12%, 18%, and 28%):
Tax:

What is GST (Goods and Services Tax)?

Goods and Services Tax (GST) is an indirect tax, which is paid by manufacturers, wholesalers, retailers and consumers on consumer goods and services. It is a destination-based and multi-step tax, which is levied on every value addition. This Act, passed in the Indian Parliament on 29 March 2017, came into effect from 1 July 2017. By replacing all indirect taxes like Central Excise Duty, Service Tax, Custom Duty, VAT, Octroi and Surcharge, the implementation of GST has simplified the process of taxation for the business.
Calculate GST Online in India Under Different Tax Slabs - Legal Gyan

GST calculator online

GST calculator online will help you to tell you the exact amount of your product and services after applying GST on it. So the calculation can be done easily while filing a return but while filing the taxpayer should be aware of the fees required. For this, GST calculator online will be useful. GST Payment Calculator helps you to find out the gross or net value of the product based on the GST rates and slab rate of GST is 0%, 5%, 12%, 18%, 28%. It does not consume time and may cause an error, comparing human calculations. You can calculate GST on free online GST calculator.

How to Calculate GST

It is very simple to calculate GST with the help of online gst calculator

Following are the steps on how to calculate GST online
  1. The net worth of the goods and services mentioned.
  2. With this mentioned GST rate slab (0%, 5%, 12%, 18%, 28%) accordingly.
  3. Submit After entering the details and know the total or gross value of the product.

GST Calculation Formula

The GST calculation formula is responsible for the manufacturer, business owner, wholesalers etc., GST calculation method can be completed by using the formula described below:

Simple GST calculation formula which can be used while adding GST is given below.
  1. Amount of GST applicable = (original cost of product x% GST rate) / 100
  2. Net Price = Cost of Good + GST ​​Amount Applicable.

The formula 1 which can be used while removing GST is given below. (Reverse GST Calculation Formula)

  1. Amount of GST = Original cost - [original cost x {100 / (100 + GST%)}]
  2. Net Price = Original Cost - GST Amount

The rate applicable from Formula 2 of GST amount on your goods:

  1. GST amount = 100 – [100 * { (100 + 5) / 100 }] = 5
  2. If there is 5% GST on this chocolate packet and MRP is Rs 100,
  3. So it was priced at Rs 95.23 and the rest was part of GST.