Indian GST Calculator

GST in India is levied under five main slabs: 0%, 5%, 12%, 18%, and 28%.

0% → Essential items like milk, medicines, and books

5% & 12% → Common-use goods and services

18% → Electronics, financial services, restaurants

28% (+cess on luxury/sin goods) → Luxury cars, tobacco, aerated drinks

CGST and SGST are levied on the intrastate supply of goods and services. IGST, on the other hand, is taxed on interstate supplies. The state is responsible for SGST collection, whereas CGST and IGST are collected by the central government itself.

Generally, the buyer deposits the product cost and GST to the seller. In reverse charge, the buyer submits the product cost to the seller and the GST amount to the government. For instance, Reverse GST charges of 18% on items worth ₹20,000 make the buyer liable to pay ₹3600 to the government. The GST amount splits wherever CGST and SGST apply in conjunction.

To make businesses a legal tax-filing entity, the GST registration process is a fundamental procedure. Businesses register themselves with their PAN, Aadhaar, mobile number, and other intricate details, enabling them to pay and collect GST. Businesses with a turnover exceeding ₹40 lakhs for the supply of goods and ₹20 lakhs for the supply of services must register.

Non-compliance with GST can have consequences. Tax evasion invites a minimum penalty of ₹10,000 or 10% of the due tax, whichever is higher. Indulging in high-value tax fraud can lead to imprisonment of up to five years.

The GST calculation formula is easy to comprehend.

Formula: GST Amount = (Product price * GST rate) / 100

Example:
Product price = ₹10,000
GST Rate = 18%
GST Amount = (₹10,000 * 18) / 100 = ₹1,800

The Indian GST Calculator eases GST calculation with its user-friendly, time-saving interface. You just need to select the GST rate from the horizontal bar and enter the amount in the input fields. This returns the GST amount in no time and further breaks down CGST, SGST, and IGST, respectively.

Ideal for businesses of all sizes, our Indian GST Calculator is a quick tool that helps various individuals, manufacturers, and tax professionals immensely. The meticulously designed user-friendly interface eliminates any superfluous need for formulas and breaks GST into necessary components, saving a lot of time in error-free calculation.