Advanced GST Calculator

GST Calculator

GST Calculator, 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.

How can you calculate GST with this tool?

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.
• Enter the percentage of GST, or the slab that the product comes under, in the GST % field.
• Choose if the price that you entered is inclusive or exclusive of tax in the Tax field.
• If the price you’ve entered is inclusive of tax, the tool automatically calculates and displays the original price of the goods or service after subtracting the GST.
• If the price you’ve entered is exclusive of tax, the tool automatically calculates and displays the gross price after adding the GST.

GST was implemented mainly to bring about uniformity in tax collection. In the GST regime, tax is collected cumulatively at the end stage of production of goods or services. There are five slabs to collect GST that are 0%, 5%, 12%, 18%, and 28%, and different goods and services fall under different tax slabs. Additionally, there are goods that do not attract any GST. Read about them here.