Indian GST Calculator, calculate your GST

Indian GST Calculator

GST Rate

0.25%

12%

18%

28%

Amount excluding GST

Amount including GST

GST

GST (Goods and Services Tax) is calculated based on the value of goods or services provided. The calculation involves multiplying the taxable value of the goods or services by the applicable GST rate.

Here is the step-by-step process to calculate GST:

Determine the taxable value: The taxable value is the price of the goods or services on which GST is to be levied. It does not include any taxes or other charges. If the price is inclusive of GST, you need to calculate the taxable value by dividing the price by the GST rate plus 1. For example, if the price is $100 and the GST rate is 10%, the taxable value would be $100 / (10% + 1) = $90.91.

Identify the applicable GST rate: The GST rate can vary depending on the type of goods or services. In many countries, there are multiple GST rates, such as a standard rate, a lower rate for essential goods, and zero rates for certain categories. Check the GST laws or regulations in your specific country to determine the applicable rate.

Calculate the GST amount: Multiply the taxable value by the GST rate to calculate the GST amount. For example, if the taxable value is $90.91 and the GST rate is 10%, the GST amount would be $90.91 * 10% = $9.09.

Determine the total price: Add the taxable value and the GST amount to find the total price. In the example above, the total price would be $90.91 + $9.09 = $100.

So, in this example, the GST amount is $9.09, and the total price including GST is $100.

It's important to note that GST regulations can vary from country to country, so the specific rules and rates may differ. It is recommended to consult the GST laws and guidelines applicable in your jurisdiction for accurate calculations.

What is the percentage of GST in India?

As of my last knowledge update in September 2021, the Goods and Services Tax (GST) in India is levied at multiple rates. The GST rates are divided into four main categories: 5%, 12%, 18%, and 28%. Additionally, certain goods and services may attract a nil rate or fall under specific exemptions.

It's important to note that GST rates can be subject to changes and updates by the Indian government. To obtain the most accurate and up-to-date information on GST rates in India, I recommend referring to the official government sources such as the Central Board of Indirect Taxes and Customs (CBIC) or the official GST portal.

How to make calculation of GST in case of reverse charge?

Calculating Goods and Services Tax (GST) under the reverse charge mechanism involves shifting the tax liability from the supplier to the recipient of goods or services. Here's a step-by-step guide to help you understand how to calculate GST in the case of reverse charge:

Identify Reverse Charge Applicability: Determine whether the transaction falls under the reverse charge mechanism. Reverse charge typically applies to specific goods or services as notified by the tax authorities.

Determine the Tax Rates: Once you establish that reverse charge is applicable, identify the applicable GST rates for the goods or services involved. GST rates can vary based on the nature of the transaction and the specific goods or services.

Obtain Supplier's Invoice: Obtain a tax invoice from the supplier for the goods or services provided. The invoice should clearly mention that the reverse charge applies and exclude GST.

Determine Taxable Value: Identify the taxable value, which is the value of goods or services received excluding GST. This value is typically mentioned on the supplier's invoice. If the invoice doesn't provide a separate taxable value, you may need to calculate it by deducting the GST amount from the total amount.

Calculate GST: Apply the applicable GST rate to the taxable value determined in the previous step. This will give you the GST amount payable.

Reverse Charge Mechanism: Under the reverse charge, the recipient of goods or services becomes liable to pay the GST. Therefore, you, as the recipient, need to self-assess the GST amount and include it in your GST return.

Determine Taxable Value: Maintain proper records of the GST amount calculated under the reverse charge mechanism. Include this amount in your GST return for the relevant tax period. Pay the GST liability within the specified due dates.

It's important to note that GST regulations may vary across different countries. Therefore, it's recommended to consult your local tax authority or a qualified tax professional for specific guidance and to ensure compliance with the applicable laws and regulations in your jurisdiction.