Total GST: 0
Post GST Amount: 0
Use our GST Calculator to determine the Goods and Services Tax (GST) on your purchases and sales. Input the amount and applicable GST rate to calculate the tax payable or receivable.
Goods and Services Tax (GST) is an indirect tax levied on the supply of goods and services in India. Implemented on July 1, 2017, GST replaced multiple indirect taxes like VAT, service tax, and excise duty, streamlining the taxation system.
GST Amount = (Net Price × GST Rate) / 100| Item | Net Price (₹) | GST Rate | GST Amount (₹) | Total Price (₹) |
|---|---|---|---|---|
| Product A | 1,000 | 18% | 180 | 1,180 |
| Product B | 2,500 | 12% | 300 | 2,800 |
| Service C | 5,000 | 5% | 250 | 5,250 |
GST rates in India vary based on the type of goods or services. The common GST slabs are 5%, 12%, 18%, and 28%. Essential items may be taxed at 0% or 5%, while luxury goods and services may attract higher rates.
GST is calculated by applying the applicable GST rate to the net price of goods or services. The formula is: GST Amount = (Net Price × GST Rate) / 100.
GST-inclusive price includes the original price plus the GST amount. GST-exclusive price refers to the original price before adding the GST. Understanding the difference helps in accurate pricing and tax calculations.
Yes, businesses registered under GST can claim Input Tax Credit (ITC) on GST paid for business-related purchases, subject to certain conditions. This helps in reducing the overall tax liability.
No, certain goods and services are exempt from GST. These include essential items like fresh fruits, vegetables, and unprocessed food items. Services like healthcare and education are also exempt in many cases.
Any business whose turnover exceeds the threshold limit of ₹40 lakh (₹20 lakh for services) is required to register under GST. In special category states, the threshold is lower. Voluntary registration is also allowed.