Indian GST Calculator

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Indian GST Calculator

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How is GST Calculated and How Vishal Mathur GST Calculator works.

GST (Goods and Services Tax) can be calculated using a straightforward formula: by multiplying the taxable amount by the applicable GST rate. When both CGST (Central Goods and Services Tax) and SGST/UTGST (State Goods and Services Tax/Union Territory Goods and Services Tax) are to be applied, both amounts are equal and constitute half of the total GST amount.

The GST calculation formula is as follows:

GST = Taxable Amount x GST Rate

If you already have the amount that includes GST and want to find the GST amount excluding it, you can use the following formula:

GST excluding amount = GST including amount / (1 + GST rate / 100)

For example, let's consider a scenario where the GST-inclusive amount is Rs. 525, and the GST rate is 5%:

GST excluding amount = 525 / (1 + 5/100) = 525 / 1.05 = 500

What is the GST percentage in India?

GST rates are categorized as follows:

It's important to note that some goods and services may be subject to a NIL rate of GST or be exempted from GST altogether. To better understand the distinction between NIL rate, 0% GST rate, and exempted goods/services, you can refer to relevant articles.

How to calculate GST under reverse charge mechanism?

When dealing with the reverse charge mechanism, the calculation process remains the same. For instance, if you purchase goods worth Rs. 5,000 from a supplier and are required to pay GST under reverse charge at the rate of 18%, the GST to be paid would amount to Rs. 900 (5,000 x 18%). If both CGST and SGST are applicable, then CGST and SGST of Rs. 450 each would need to be paid.