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GST Calculator – Calculate Your Payable GST Amount with Few Clicks

by Ashiana / / 6012 views/ Reading Time: 4 minutes

In modern taxation, the Goods and Services Tax (GST) significantly contributes to the smooth functioning of businesses across various sectors. Whether you’re a business owner or a consumer, understanding how GST works and how to calculate it is essential. A GST Calculator makes this process easier and more efficient.

GST Calculator - Calculate Your Payable GST Amount with Few Clicks

What is GST?


GST, or Goods and Services Tax, is a single tax on India’s supply of goods and services. It replaced several indirect taxes, such as VAT, service tax, and excise duty. The main objective of GST is to create a unified tax structure across the country and eliminate the cascading effect of taxes, where one tax is levied on another. The tax is divided into three main components: central GST (CGST), State GST (SGST), and Integrated GST (IGST).

Types of GST


The Goods and Services Tax (GST) system in India is a multi-tier tax structure with three main components: the Central GST (CGST), the State GST (SGST), and the Integrated GST (IGST).

    1. CGST (Central GST): The CGST is a tax levied by the central government on transactions that occur within a single state (intra-state transactions). It is collected and retained entirely by the central government. This tax applies to goods and services sold or provided within the state and is part of the overall tax revenue collection for the central government.

    2. SGST (State GST): SGST is the counterpart to CGST but is levied by the respective state government on intra-state transactions. It is collected and retained by the state where the transaction occurs. This tax ensures that each state receives a fair share of the revenue generated within its boundaries.

    3. IGST (Integrated GST): IGST applies to interstate transactions where goods or services are sold between two states. The central government levies IGST, and the revenue is subsequently shared between the central and state governments based on the destination principle, where the state receiving the goods or services gets its share. IGST facilitates smooth trade between states by ensuring that tax is not a barrier to interstate transactions and prevents the cascading effect of taxes.

Each of these taxes is applicable depending on the nature of the transaction—whether it occurs within the same state or between different states.

What is a GST Calculator?


A GST Calculator is a tool designed to help individuals and businesses quickly calculate the amount of GST they need to pay or collect. It automates the calculations and simplifies determining the GST payable on goods and services. The calculator considers various GST rates (such as 5%, 12%, 18%, and 28%) and calculates the payable GST amount based on the price of the product or service.

How to Calculate GST?


To calculate GST manually, follow these simple steps:

    1. Determine the GST Rate: Identify the appropriate rate applicable to the product or service.

    2. Calculate the GST Amount:
    • Formula: 
      • GST Amount = (Price of Product/Service × GST Rate​) / 100
    • Example: If a product costs ₹1,000 and the GST rate is 18%, the GST amount will be: 
      • 1000×(18 / 100) = ₹180

    3. Total Price: To get the total price including GST, add the GST amount to the original price.

GST Calculation Example


Let’s take an example to see how GST is calculated:

  • Price of Product: ₹2,000
  • GST Rate: 18%

GST Calculation: GST = (2000×18)100 = ₹360

Total Price: Total Price = 2000+360 = ₹2,360

So, the total cost of the product, including GST, is ₹2,360.

Calculation of GST for Real Estate


When it comes to real estate, GST plays a significant role in determining the final price of properties. Below is a GST calculation table for various types of real estate transactions:

Property Type GST Rate Example of Calculation Final Price (Including GST)
Under Construction Properties 5% ₹50,00,000 × 5% ₹52,50,000
Affordable Housing 1% ₹25,00,000 × 1% ₹25,25,000
Ready-to-Move Properties Exempt ₹30,00,000 ₹30,00,000

This table calculates the GST based on the applicable rate for under-construction properties, affordable housing, and ready-to-move-in properties. Ready-to-move properties are exempt from GST.

GST Rates in India


GST rates in India range from 0% to 28%, with essential items taxed at lower rates and luxury goods at higher rates, aiming to simplify taxation and balance affordability with revenue generation.

GST Rate (IGST) SGST CGST Goods
0% 0% 0% Essential goods and services, such as fresh fruits and vegetables, grains, milk, healthcare services, education services, and select exports
5% 2.5% 2.5% Processed food items, clothing, basic household items like sugar and tea, and some transportation services (economical)
12% 6% 6% Medicines, clothing above a certain price threshold, mobile phones, financial services, travel (business)
18% 9% 9% Most of the consumer durables like electronics, hotel accommodation, IT services, restaurant services
28% 14% 14% Luxury items, automobiles, tobacco products, aerated drinks, and other demerit goods.

Also read: EPF vs PPF – Full Form, Comparison, Returns & Which is Better

Components of a GST Calculator


A typical GST calculator has the following key components:

    1. Product or Service Price Field: Where you enter the cost of the product or service.
    2. GST Rate Selector: Allows you to choose the applicable GST rate (e.g., 5%, 12%, 18%, 28%).
    3. GST Calculation Button: After entering the necessary details, this button calculates the GST and displays the payable amount.
    4. Total Price Field: Displays the total price after adding the GST to the original price.
    5. Reset/Start Over Option: Clears all entered details for new calculations.

Advantages of GST Calculator


    1. Simplicity and Accuracy: A GST calculator simplifies the complex task of calculating taxes and provides accurate results in seconds.
    2. Time-Saving: Manual calculations can be time-consuming and prone to errors, but a GST Calculator streamlines the process.
    3. Instant Updates: GST rates can change, and a GST calculator typically updates in real time to reflect any changes, ensuring the calculations are always correct.
    4. Helps with Planning and Budgeting: Knowing the exact GST amount in advance can help businesses and individuals plan their finances more efficiently.
    5. User-Friendly: Most GST calculators are designed to be user-friendly, even for those with no prior knowledge of taxation.

Bottom Line


A GST Calculator is an essential tool for anyone looking to calculate the GST payable on goods and services quickly and accurately. Whether you’re a business owner trying to manage your tax obligations or a consumer looking to understand the final cost of a product or service, using a GST Calculator makes the process effortless. With a better understanding of GST types, calculation methods, and how to use these tools, you can navigate the complexities of GST with ease and confidence.
Tags: ashiana housing, Investment, real estate,
Category: Real Estate, Investment,

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Q1. What are the different GST rates?

GST in India is levied on goods or services at different rates, such as 0%, 5%, 12%, 18%, and 28%.

GST can be calculated using the following formula:

GST=(Base Price*Rate)/100

Enter the net price before GST and then the GST rate. The calculator will calculate the total cost of production, CGST, SGST, and total tax.

About The Author

Ashiana, Ashiana Housing build homes. Homes surrounded by vast green spaces and fresh breeze. Homes cocooned in secured gated complexes. Homes where futures are forged and there are opportunities to grow. And Homes in environments brimming with healthy activity, trust and respect. At heart, we build communities with care.

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