Online GST Calculator
Bizindigo introduces a free GST calculator designed just for small businesses or startups! With this tool, you’ll be able to calculate GST in seconds with ease.
Indian GST Calculator
What is GST (Goods and Services Tax)?
GST or the Goods and Services Tax is an indirect tax that came into effect in India on the 1st of July, 2017. GST is levied on goods and services and has replaced other indirect taxes that were in effect before it came into use.
GST registration is mandatory for certain individuals and businesses based on specific criteria set by the Goods and Services Tax (GST) laws. Here’s a breakdown of who requires GST registration:
Businesses with Annual Turnover Above the Threshold
For Goods | Any business with an aggregate turnover exceeding ₹40 lakhs in a financial year (₹20 lakhs for special category states) must register for GST. |
For Services | Service providers with an aggregate turnover exceeding ₹20 lakhs in a financial year (₹10 lakhs for special category states) must register. |
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How to use Bizindigo GST Calculator Online
With the free GST calculator, you can calculate the tax amount in three simple steps. The tool provides you with three fields that have to be filled, and it calculates GST automatically based on what you fill in.
- Enter the price of the goods or services in the Amount field in ₹ (rupees).
- GST Rate: Choose the appropriate GST rate (5%, 12%, 18%, 28%).
- Select Calculation Type: Choose if the price that you entered is inclusive or exclusive of tax.
- Choose Exclusive if GST should be added on top of the amount, or Inclusive if the amount already includes GST.
- Result: The calculator will automatically display the GST amount and the total amount (for Exclusive) or the GST amount included and the amount before GST (for Inclusive).
FAQ – GST Calculator
Here’s a set of Frequently Asked Questions (FAQ) to help you understand the GST Calculator better and how to use it:
1. What is GST?
GST (Goods and Services Tax) is an indirect tax levied on the supply of goods and services. It is a comprehensive tax that has replaced multiple indirect taxes like VAT, excise duty, and service tax. GST is applied at different rates depending on the type of goods or services.
2. How do I use the GST Calculator?
The GST calculator allows you to calculate the GST amount based on the following inputs quickly:
- Enter Amount: Enter the value of the goods or services in Indian Rupees (₹).
- Select GST Rate: Choose the applicable GST rate (5%, 12%, 18%, or 28%).
- Select Calculation Type:
- Exclusive: If the GST is to be added on top of the base amount.
- Inclusive: If the GST is already included in the amount.
Click the “Calculate GST” button, and the result will show both the GST amount and the total amount.
3. What is the difference between Exclusive and Inclusive GST?
- Exclusive GST: The base amount does not include GST. For example, if the product price is ₹10,000 and GST is 18%, the total will be ₹11,800 (₹10,000 base + ₹1800 GST).
- Inclusive GST: The GST is already included in the amount. For example, if the product is priced at ₹10,000 (including 18% GST), the base price would be ₹8474.58, and ₹1525.42 is the GST amount.
4. What GST rates are available in this calculator?
The calculator provides the most commonly used GST rates:
- 5%: A lower rate for essential goods.
- 12% and 18%: Standard rates for most goods and services.
- 28%: Higher rate for luxury items and certain other goods.
5. How accurate is the GST Calculator?
The GST calculator provides accurate results based on the percentage you choose and the amount you input. However, it is important to verify the applicable GST rates for specific goods or services to ensure compliance with the latest regulations.
6. Why are there different GST rates?
Different GST rates apply depending on the type of goods or services. The Goods and Services Tax Act categorizes goods and services into various tax slabs (5%, 12%, 18%, and 28%) to differentiate between basic necessities, standard items, and luxury products.
7. How is GST calculated for Inclusive prices?
When the price already includes GST, the calculator will reverse-calculate the GST portion. For instance, if an item costs ₹1,000 (inclusive of 18% GST), the GST amount will be extracted, and the net price before tax will be shown.
8. Can I use the GST Calculator for other countries?
No, this GST calculator is specifically designed for the Indian GST. Other countries have different VAT or GST rates, so this calculator is only accurate for use in India.
9. Is the GST applicable to all types of goods and services?
GST applies to most goods and services, but some items may be exempt or zero-rated. Items like basic foodstuffs and healthcare services are generally exempt from GST.
10. Why do I need to calculate GST separately?
Calculating GST separately helps both businesses and consumers understand the tax portion of the transaction. It also helps in billing transparency, ensuring that GST is correctly charged and reported.