GST Calculator
What is GST?
Goods and Services Tax (GST) is an indirect tax levied on the supply of goods and services in India. It has replaced various indirect taxes like VAT, service tax, and excise duty.
- ✅ Standard rates are 5%, 12%, 18%, and 28%
- ✅ GST is applicable to businesses and individuals above threshold turnover
- ✅ It is destination-based, meaning tax is collected at point of consumption
How GST Calculation Works:
For Adding GST:
GST Amount = (Amount × GST%) / 100 Final Amount = Amount + GST Amount
For Removing GST:
GST Amount = Amount - [Amount × (100 / (100 + GST%))] Base Amount = Amount - GST Amount
Disclaimer
The GST calculator is designed to provide quick and approximate GST computations. It may not account for rounding differences, exemptions, or specific business rules. For official filings or business compliance, consult a tax professional or chartered accountant.
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GST Facts
- Standard GST rate is 18% in India.
- GST replaced VAT, Service Tax, etc.
- GST is destination-based tax.