GST Calculator Online

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FlexiLoans introduces a free GST calculator made just for small, Medium, Micro businesses! With this tool, you"ll be able to calculate GST in minutes without any complex math.

GST Calculator

A GST calculator is an online tool that computes the amount of Goods and Services tax applicable to the base price of goods or services. It is a quick and convenient way to calculate GST without any manual accounting. Let us understand how GST calculators work.

What is GST- Goods and Services Tax?

Goods and Services Tax (GST) is an indirect tax in India, implemented on July 1, 2017, to replace multiple taxes like VAT, excise duty and service tax. It is a multi-stage, destination-based tax, collected at every stage of production and distribution, but is borne by the end consumer. There are primarily four types of GST in India - CGST, SGST, IGST and UTGST.

How to Calculate GST Using a FlexiLoans’ GST Calculator Online

  • Step 1: Visit a FlexiLoan’s GST calculator
    https://flexiloans.com/calculators/gst-calculator
  • Step 2: Enter the original cost or selling price of the item.
  • Step 3: Select the appropriate GST rate from the dropdown.
  • Step 4: Choose whether the entered price is inclusive or exclusive of GST.
  • Step 5: Click on 'Calculate' to get the GST amount and total price instantly.

GST Calculation Formula

GST Amount = (Original Cost x GST Rate) / 100 Also,
Total Price = Original Cost + GST Amount

Understanding GST Calculation

Imagine you own a small bakery that sells a popular cake for ₹500. As a business, you need to add GST to the selling price based on the applicable rate, which is 18% for this type of food product.

Step 1: Calculating GST Exclusive Price

  • Base Price: ₹500
  • GST Rate: 18%
Applying the GST calculation formula:
  • GST Amount = Base Price × (GST Rate / 100​)
  • GST Amount = 500×(18/100​) = ₹90

Step 2: Determining Total Price Including GST

Now, to find the final price that customers will pay, you add the GST amount to the base price:
  • Total Price = Base Price + GST Amount
  • Total Price = 500 + 90 = ₹590

What is the GST Exclusive Amount?

GST exclusive amount refers to the price of goods or services before GST is added. The tax amount is calculated separately and then added to determine the final price payable by the consumer.

What is the GST Inclusive Amount?

GST inclusive amount contains both the cost of the goods or services and the GST. The total price generated is the final amount payable by the consumer with the embedded tax component.

GST Calculation for Inclusive and Exclusive Amounts

Here are some examples of how 18% GST will be calculated for different values and GST types:

GST Exclusive Calculation:

When the price of a product or service does not include GST, you need to add the 18% GST to the base price.
  • Example:
  • If the price of the furniture is ₹1,000 (exclusive of GST), you calculate GST as:
  • GST Amount = ₹1,000 × 0.18 = ₹180
  • So, the final price, including GST, will be:
  • Final Price = ₹1,000 + ₹180 = ₹1,180
  • Using the GST formula, the amount payable comes out to be ₹1,180.

GST Inclusive Calculation:

If the price already includes GST and you want to find out the base price (before GST was applied), you can reverse-calculate by dividing the total price by 1.18 using the GST formula.
  • Example:
  • If the final price, including 18% GST, is ₹1,180, you calculate the base price as below:Base Price = ₹1,180/1.18 ​= ₹1,000
  • The GST amount is:
  • GST Amount = ₹1,180 − ₹1,000 = ₹180
  • Thus, the base price is ₹1,000, and the GST component is ₹180.

Types of GST in India

The tax structure under GST is divided into different components to facilitate the tax collection between the central and state governments. Here are the four types of GST implemented in India:
  1. CGST (Central Goods and Services Tax): CGST is levied and collected by the Central Government on the intra-supply of goods and services.
  2. SGST (State Goods and Services Tax): SGST is levied and collected by the state governments on the intra-supply of goods.
  3. IGST (Integrated Goods and Services Tax): IGST is levied and collected by the Centre on the inter-supply of goods and services.
  4. UTGST (Union Territory Goods and Services Tax): UTGST is restricted to Union Territories like Chandigarh or Lakshadweep. It is levied and collected by UT governments, along with CGST on goods or services sold.
For intra-state transactions, both CGST and SGST are charged, with each component being 50% of the total GST. This is how the structure works:
  • CGST + SGST: For intra-state transactions
  • IGST: For inter-state and international transactions
  • UTGST + CGST: For transactions within Union Territories
FlexiLoans is a leading online business loan platform that offers quick and hassle-free funding to small and medium enterprises. Whether you need a quick business loan, a working capital loan, a machinery loan or an unsecured business loan, FlexiLoans has you covered.

Advantages of Using Online GST Calculator

  1. Accuracy: GST calculators eliminate the risk of human errors that may occur during manual calculations, providing instant and accurate results every time.
  2. Convenience: You can calculate GST on any amount with GST calculators as there is no upper limit. You can easily use it even with no prior GST knowledge.
  3. Free to Use: Most GST calculators are completely free to use. You don't need to pay any fees or charges to access this tool.
  4. Efficient invoicing: Using a GST calculator allows you to effortlessly create precise invoices with the appropriate GST breakdown, thereby enhancing your business's professional appearance.
  5. Informed pricing: Knowing the GST impact helps you price your products or services competitively while maintaining profitability.
  6. Easy compliance: Regular use of a GST calculator keeps your business tax compliant, avoiding last-minute hassles during GST return filing.
  7. Budgeting: By factoring in the GST liability, you can better manage your business cash flow and working capital.

GST Calculator FAQs

A GST calculator can be used by anyone who needs to calculate GST for the supply of goods and services, including business owners, retailers, financial professionals, and others.

A GST calculator simplifies the process of calculating the Goods and Services Tax (GST) for products and services. Users input the original price and the applicable GST rate, then click "calculate" to receive the GST amount and the total price, either inclusive or exclusive of tax.

To calculate GST, you need the following information:
  • Transaction Value: The base price of the goods or services before tax.
  • GST Rate: The applicable GST percentage
With this information, a GST calculator can determine the total GST amount and the final price to be paid, either including or excluding the tax.

  • Automatically computes the GST payable or receivable, reducing errors and saving time.
  • Creates accurate invoices by showing both pre-GST and post-GST prices.
  • Aids in estimating tax liabilities and managing cash flow efficiently.
  • Ensures a clear breakdown of the GST portion.

Yes, the GST calculator can be used for both CGST (Central Goods and Services Tax) and SGST (State Goods and Services Tax) calculations.

The GST calculator benefits your business in several ways:
  • Accuracy: Reduces calculation errors, ensuring compliance and minimizing penalties.
  • Time Efficiency: Saves time by automating GST calculations.
  • Transparent Breakdown: Clearly shows CGST, SGST, and IGST amounts for better understanding.
  • Informed Pricing: Helps set competitive prices by accurately determining GST.
  • Cash Flow Management: Aids in forecasting GST liabilities for better cash flow planning.

Yes, the GST calculator can be used to calculate GST for multiple tax rates. Users can input different transaction values along with their respective GST rates, such as 5%, 12%, 18%, or 28%. The calculator then computes the GST amount for each rate separately, providing a clear breakdown of CGST and SGST for intrastate transactions or IGST for interstate transactions.

To calculate reverse charge using a GST calculator, follow these simple steps:
  • Enter the Total Amount: Input the total price that includes GST.
  • Select the GST Rate: Choose the applicable GST rate (like 5%, 12%, etc.).
  • Calculate: Click the calculate button.
The calculator will then show you the base price (the amount before GST) and the GST amount you need to pay. This helps you understand how much tax you owe when you're responsible for paying GST as the buyer.

Yes, the GST calculator is accurate for different business types. It ensures precise calculations of GST amounts based on various tax slabs (5%, 12%, 18%, and 28%) applicable to different goods and services.

Yes, the GST calculator works for both goods and services. It allows users to input the price and select the applicable GST rate, which can vary depending on the type of product or service.

Yes, you can use the GST calculator for both interstate and intrastate GST calculations.

Yes, our GST calculator is typically up-to-date with the latest tax rates.
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