GST Calculator

Calculate your GST.

Total GST

₹1,000
₹1,00,00,000

Tax Slab

%
1 %
30%

What is GST in India?

The Goods and Services Tax is an indirect tax that is levied in India upon the supply of all goods and services. It is comprehensive. It is multi-stage and it is destination based.

GST came into being in India on the 1st of July 2017. Almost all indirect taxes like central excise duty, VAT, Octroi, Service tax, customs duty etc. were replaced by it. It is based on the same principles as VAT and is charged on value additions. This being the single tax, has made the taxation process of businesses easier. All goods and services are divided into five tax rates – 0%, 5%, 12%, 18% & 28%, while some products like petrol, alcohol & electricity are not taxed under GST. They have individual state taxes.

What is a GST calculator?

An online calculator, the GST calculator is used to compute the GST payable to the Government of India either monthly or quarterly. It is very easy to use, and is dynamic as it can be used to calculate for all types of users like retailers, wholesalers, buyers and manufacturers. The Upstox GST calculator is super easy to understand & use.

How to Calculate GST using a GST Calculator?

The Upstox GST calculator is a handy, easy to use & dynamic calculator that can help calculate the GST as per the net price of good or service and the slab it falls under. Follow the steps to calculate GST:

Step 1: Select whether you are a wholesaler, manufacturer or a buyer.
Step 2: Enter the Net Price of a good or service.
Step 3: Select the GST rate that is applicable for said good or service.
Step 4: Click on calculate.

The Upstox calculator will display the gross price of product as well as CGST & SGST or IGST.

What is the GST formula?

When GST is not included and must be calculated to be added on top.

GST Amount = (Net Value of good/service x GST%) / 100
Hence, Final Price = Net Value of good/service + GST Amount

When GST is already included and reverse GST Amount is required.

GST Amount = Gross Value of good/service – [ Gross Value of good/service x {100/(100 + GST%)}]

For example, Say a good is net priced at Rs. 5,000, and GST slab to be levied is 18%
GST = (5,000 x 18) / 100
GST = 900

Here, IGST is Rs. 900 or if CGST & SGST is to be levied, it would be Rs. 450 each.

Similarly, if the gross price of a good is Rs. 5,900, and GST is levied at 18%

GST = 5,900 – [5,900 x {100/(100 + 18)}]
GST = 5,900 – [5,900 x 0.84]
GST = 5,900 – 5,000
GST = Rs. 900

Here, IGST is Rs. 900 or if CGST & SGST is to be levied, it would be Rs. 450 each.

What is the percentage of GST in India?

The different GST slabs in India are

How to make calculation of GST in case of reverse charge?

Firstly, reverse charge is that mechanism in which the person receiving the goods or services is liable to pay the GST instead of the supplier of the goods or services. While the recipient will pay GST, the invoice of the supplier must mention it in the tax invoice as per the GST law. A good example of this is that in the case of Uber, they do not collect and pay GST, instead the middlemen, the e-commerce platform managers are liable to pay the GST.

To calculate the reverse charge, the calculation remains exactly the same. Let’s say, a purchase of Rs. 10,000 is made. The buyer will then calculate GST (let’s say 18%) on this and has to pay a GST amount of Rs. 1,800 (IGST) or Rs. 900 (CGST + SGST).

What are the benefits of the GST Calculator?

The Upstox GST calculator is simple to use and gives results within milliseconds. The benefits of using this calculator are:

1. It helps in calculating the net and gross amounts for a good or service as per the GST rate
2. It helps in distinguishing between IGST, CGST, SGST and UTGST with accurate amounts each
3. It gives instant results hence, saving time
4. There is no scope for human error
5. It is easy and hassle free

Example of GST Calculation?

Let’s say the net value amount of a good is Rs. 55,000. GST is chargeable at 15%, what is the GST amount and Gross value to be paid?

GST = (Net Value of good/service x GST%) / 100
GST = (55,000 x 15) / 100
GST = Rs. 8,250

Hence, Gross Amount = Net Value + GST
= Rs. 63,250

Another example is let’s say the net value amount of a good is Rs. 2,00,000. GST is chargeable at 18%, what is the GST amount and Gross value to be paid?

GST = (Net Value of good/service x GST%) / 100
GST = (2,00,000 x 18) / 100
GST = Rs. 36,000

Hence, Gross Amount = Net Value + GST
= Rs. 2,36,000

Interchangeably, If Gross Value was 2,36,000 and one wanted to find Net value of product and GST amount separately, the formula would change to:

GST = Gross Value of good/service – [ Gross Value of good/service x {100/(100 + GST%)}]
GST = 2,36,000 – [2,36,000 x {100 / (100 + 18)}]
GST = 2,36,000 – [2,36,000 x 0.84]
GST = 2,36,000 – 2,00,000
GST = Rs. 36,000

Hence, Net Amount = Gross Amount – GST
= Rs. 2,00,000

Frequently Asked Questions

How to Calculate GST in Excel in India?

Firstly, start by preparing a data table containing:

  • Net Value (let’s say in box B3)
  • GST Amount (let’s say in box B4)
  • GST rate (let’s say in box B5)
  • Gross Amount (let’s say in box B6)

If you wish to take out GST Amount, box B4 formula will be B3 * B5 (make sure B5 has % sign)
If you wish to take out Gross Amount, box B6 formula will be B3 + B4

Can GST be paid online?

GST is paid by the final buyer to the seller at point of sale, along with the rest of the net amount. The Indian Government has an online portal – www.gstin.gov that is used by all businesses, i.e., Manufacturers, Sellers as well as service providers and the portal can be accessed through their personal GST numbers. They can make the payment online on the portal directly on a monthly or quarterly basis. Final buyers, without a GST registered number cannot access this portal.

What are the types of GST?

GST in India benefits both the State/UT & Central Government, hence, making it a dual tax system. As per this, there are 4 types of GST –

1. IGST – IGST stands for Integrated Goods and Services Tax and is collected wholly by the Central Government of India on inter-state sale of goods and services.
2. SGST – SGST stands for State Goods and Services Tax and is levied by the State Government of the state within which the sale or purchase of goods and services has taken place.
3. CGST – CGST stands for Central Goods & Services Tax. It is levied by the Central Government of India on all the intra-state supply of goods and services.
4. UTGST – UTGST stands for Union Territory Goods and Services Tax and is levied by the Union Territories Government within which the sale or purchase of goods and services has taken place.

What is IGST ?

IGST stands for Integrated Goods and Services Tax and is collected wholly by the Central Government of India on inter-state sale of goods and services.

What is SGST ?

SGST stands for State Goods and Services Tax and is levied by the State Government of the state within which the sale or purchase of goods and services has taken place.

What is CGST ?

CGST stands for Central Goods & Services Tax. It is levied by the Central Government of India on all the intra-state supply of goods and services.

What is UTGST ?

UTGST stands for Union Territory Goods and Services Tax and is levied by the Union Territories Government within which the sale or purchase of goods and services has taken place.

What are the slabs of GST?

The different GST slabs in India are

  • 0% for milk, bread (necessity items)
  • 0.25% for rough diamonds
  • 3% on gold, silver and such
  • 5% for some goods
  • 12% for some goods
  • 18% for all services and some goods
  • 28% for some items like cars, tobacco, cement, etc.
  • NIL rate which is different for 0% and is the slab for exempted goods and services

Is GST direct tax?

No, GST is an indirect tax levied on the sale of goods and services by the Government of India.

What is levy and collection of GST?

Levy means the import & assessment of the tax which is done to compute the amount of liability arising under the GST law.

Collection of the tax is the process of collecting the liability amount as prescribed by the law.

These two are governed by Section 9 of the CGST/SGST Act & Section 5 of the IGST Act.

How is GST collected in India?

GST is paid by the final buyer to the seller at point of sale, along with the rest of the net amount. The Indian Government has an online portal – www.gstin.gov that is used by all businesses, i.e., Manufacturers, Sellers as well as service providers and the portal can be accessed through their personal GST numbers. They can make the payment online on the portal directly on a monthly or quarterly basis. Final buyers, without a GST registered number cannot access this portal.

Disclaimer:
This calculator is meant to be used for indicative purposes only. It is designed to assist you in determining the appropriate amount of prospective investments. This calculator alone is not sufficient and shouldn’t be used for the development or implementation of any investment strategy. Upstox does not take the responsibility/liability nor does it undertake the authenticity of the figures calculated therein. Upstox makes no warranty about the accuracy of the calculators/reckoners. The examples do not claim to represent the performance of any security or investments. In view of the individual nature of tax consequences, each investor is advised to consult his/her own professional tax advisor before making any investment decisions on the basis of the results provided through the use of this calculator.

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