Gst Calculator India
GST Calculator Online Calculate Gst for Buyer,Manufacturer,Wholesaler.
Goods and services tax (GST) calculator online
Businesses, manufacturers, wholesalers and retailers can easily calculate GST using the below box.
How To Calculate Gst?
You can easily use the GST calculator by following the steps mentioned below:
- Enter the net price of a service or good and the GST slabs such as 5%, 12%, 18% and 28% into the tool.
- Click on the ‘Calculate’ button and get to know the final or gross price of goods and services.
Gross price
Rs. 11,80,000
CGST Amount
Rs. 90,000
IGST Amount
Rs. 90,000
Total Tax
Rs. 1,80,000
Total Production cost
Rs. 11,80,000
CGST Amount
Rs. 1,06,200
IGST Amount
Rs. 1,06,200
Total Tax
Rs. 2,12,400
Total cost
Rs. 11,00,000
CGST Amount
Rs. 99,000
IGST Amount
Rs. 99,000
Total Tax
Rs. 1,98,000
Tax Reforms in India.
Type of tax in India :Two type of Tax
1- Direct tax
i-Income tax
ii- Corporation tax
iii- Property Tax
iv- Inheritance tax
vI- Gift Tax
vii- Wealth Tax
2- Indirect tax
i- Excise Tax
ii -Service tax
iii-Sales tax
vi-Vat
Type of GST
1- CGST
Where the revenue will be collected by the central government
2- SGST
Revenue to be collected by the State Governments for in-state sales
3- Union Territory
UTGST means Union Territory Goods and Service Tax, and is an indirect tax that is collected when intra-state goods or services supplied, along with tax charged as under CGST ACT, 201(UTGST is only applicable when any goods or services or both are consumed in the given five regions of India that includes Andaman and Nicobar Islands, Dadra & Nagar Haveli, Chandigarh, Lakshadweep, and Daman & Diu called as Union territories of India)
4-Integrated GST
If you have the company’s/Firm's/entity’s GSTIN:
Where revenue will be collected by the Central Government for inter-state sales. In most cases
Government Propose 4 type of Tax Structure:
Exempt Product or 0% GST:
Food grans,Gur,Milk,Eggs,Unpacked Paneer and Natural Honey,Fresh Vegetables,Atta,Besan,Maida,Vegetable Oil,Prasad, common salt,contraceptives,fish sheeds, betel leaves, Can jaggery.
Type 1- 5% Tax slab:
Sugar ,tea,coffee,edible oil, coal ,skimmed milk powder,milk food for babies,condensed milk,packed paneer,newsprint,umbrella,PDS, kerosene , LPG, brooms,beets sugar,natural grafite, chalk, natural calcium,phosphate , thorium oxalate.
Type 2- 12% Tax Slab :
Butter,ghee,mobiles,cashew, almonds,sausages,fruit juice, packed coconut ,water,agarbatti, biogas medi clinical grade,hydrogen peroxide,iodine.
Type 3 -18 % Tax slab:
Hair oil, soup, toothpaste, capital goods, industrial intermediaries, pasta, corn flakes, james, soups, ice cream , toilet and facial tissues,iron and steel, fountain pen, chlorine, bromine, artificial waxes.
Type 4- 28 % Tax slab:
Consumer Durables, cars,cement,chewing gum, custard powder, pan masala, perfume, shampoo, makeup ,fireworks, motorcycles, molasses, avgas,hair cream, hair dyes, prepared explosive.
