GST Calculator - India

GST Calculator is a web based app designed to assist individuals and small business in calculating GST. You simply click on the calculator type applicable to you (as a buyer or manufacturer or retailer/wholesaler) and fill in the required value for cost, profit, GST percentage etc. The results are calculated in real time and displayed below as you type.

Buyer
Net Price
Rupees
GST
%
Gross Price
105
CGST
2.25
SGST
2.25
GST
5


Manufacturer
Cost of Production
Rupees
Profit Ratio
%
GST
%
Total Production Cost
105
CGST
2.25
SGST
2.25
GST
5


Wholesaler / Retailer
Cost of Goods
Rupees
Profit Ratio
%
GST
%
Total Production Cost
105
CGST
2.25
SGST
2.25
GST
5

Other Tools

SIP Calculator FD Calculator RD Calculator

What is GST ?

GST (Goods and Services Tax) is a form of indirect tax levied on the supply of goods and services. In India, it's a multistage, destination based tax, as all parties get the refund except the final consumer of a product. There are five major GST slabs - 0%, 5%, 12%, 18% and 28%. Few products such as petroleum based, alcoholic beverages etc are not taxed under GST as they're taxed by each state governments separately as per previous tax rules. GST came into effect from July 2017 and it has replaced many existing tax systems such as VAT, Service Tax, Excise Tax, Luxury Tax etc.

GST Calculation Example

To make it easy to understand, here is a simple example that computes GST on various scenarios -

For Manufacturer

  • Production cost : Rs. 11000
  • Profit : 10%
  • GST rate : 18%
  • Total cost of production : Rs. 12100
  • CGST : Rs. 1089.00
  • SGST : Rs. 1089.00
  • GST (Total) : Rs. 2178.00

For Retailer

  • Cost of goods : Rs. 12100
  • Profit : 5%
  • GST rate : 18%
  • Total cost of production : Rs. 12705.00
  • CGST : Rs. 1143.45
  • SGST : Rs. 1143.45
  • GST (Total) : Rs. 2286.90

For Buyer

  • Net price: Rs.12000
  • GST rate : 18%
  • Gross price : Rs. 14160.00
  • CGST : Rs. 1089.00
  • SGST : Rs. 1089.00
  • GST (Total) : Rs. 2178.00

What is GST Calculator?

The GST Calculator in GST Filing Dashboard can provide you with the details on how to apply the transitional credit provided.

If you wish to apply the transitional credit of Central Excise / Entry Tax / Compensation Cess / CST/ Utilities Tax / Subsidy Cess / cess / cess effective date, simply log in to GST Filing Dashboard or just go to the Help section and type the relevant GST transitional credit in the provided field.

Submission of Transitional Credit: The website will show you the GST transitional credit applied for the given Goods and Services. You will be able to see the transitional credits applied to your CGST Return / IGST Return and Pay as You Earn / Profit and Loss in IGST Return / GST Return. You can even see the status of the transitional credit application.

Note: The facility of applying transitional credit for purchases made prior to 01st July 2017, has been extended to the purchase made on or after 1st July 2017. The facility for eligible goods and services that are purchased on or after 1st July 2017 is available for up to 90 days till 10th September 2017.

How to get GST Credit for Purchase Before 1st July 2017?

First, you need to have the original or an approved copy of the invoice or invoice-wise breakdown of the goods or services purchased.

If you need to apply the GST credit for the purchase made after 1st July 2017, then you must submit the original or an approved copy of the invoice.

Where should I submit the E-Way Bill for In-transit Delivery?: You can submit the GST E-Way Bill at the time of shipment of goods, or as a captured form or pay-in-gratia payment at the time of final delivery.

How can I calculate the GST Credit for Future Discounted / Eased Tariff?

To calculate the GST Credit, you must have all the invoices with the original invoice-wise or invoice-wise breakdown of the goods or services purchased and the value received. Then, you need to submit the GST E-Way Bill for the in-transit delivery of the goods at the time of your final delivery.

You need to submit the invoice-wise breakdown or invoice number of the goods, invoices with the GST GST Transition Credit Amount (GST E-Way Bill) and the GST Credit Validity Period.

The GST Validity Period should be at least 10 days from the GST due date.

The GST Validity Period is considered as the period of the payable tax / input tax / collection of tax for the goods and/or services purchased.

This tax is generally due at the time of final payment. The eligible goods and services should be paid for in the original invoice form or invoice-wise breakdown.

The payment should be made in the original invoice form, or invoice-wise breakdown or invoice number, as stated in the original invoice form.

Provided, that the transitional credit is treated as credit for all taxes / input tax / collection of tax payable at the time of supply of the goods or services, and only those supplies are covered under this provision.

The goods and services may be procured by a person who has income from business or profession under the head of 'Non-Manufacturing Industry' or 'Micro, Small & Medium Enterprises' in case the goods or services are provided as a benefit to the member or employees of the member and these cannot be treated as supply in goods or services under the head of 'Manufacturing Industry'.

Disclaimer - This is just a web based tool for rough estimate. Consult an accountant in case of any doubt.