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GST Calculator

A GST (Goods and Services Tax) calculator can help individuals calculate the GST amount on the products or services purchased.

Select GST Type

1

GST Exclusive GST Exclusive:Total amount of the product with GST

2

GST Inclusive GST Inclusive:Amount of the product without GST

Initial Amount (Cost of Good/Service)

₹5000

₹500000

GST Slab
3%
5%
12%
18%
28%

Cost of Good/Service

10000

Total GST*

10000

Total Selling Price

10000

*Total GST: (CGST) + (SGST)

What is GST?

GST is a comprehensive indirect tax introduced in India on July 1, 2017. Before GST, there were multiple indirect taxes like excise duty, VAT, service tax, etc., levied and collected by the central and state governments, which were replaced by the introduction of GST.

There are four segments under GST:

  • Central Goods and Services Tax (CGST) - Collected by the central government.
  • State Goods and Services Tax (SGST) - Collected by the state government.
  • Union Territory Goods and Services Tax (UTGST)- Collected by the Union Territory government.
  • Integrated Goods and Services Tax (IGST) - Collected by the central government. It is charged for the interstate supply of goods and services where the location of the supplier is different from where the goods or services are supplied. IGST = CGST+SGST.

What Is a GST Calculator?

Many products or services in India are taxed under the GST. Hence, it is essential to calculate the GST amount that will be levied on your purchase. To calculate the GST amount, you can use an online GST calculator.

Formula To Determine GST

While calculating the GST on a product or service, remember that there are two aspects here:

  • Adding GST to the price - to find the GST amount and total purchase price.
  • Removing GST from the total purchase price - to find the original price of the product/service and GST amount.

To add GST, the formula used is,

GST amount = Price * GST%

Net price = Price of the product/service + GST amount

Let’s consider an example to understand this better. Suppose if a product/service costs ₹1,000, the GST levied on it is 18%,

GST amount = 1,000 * 18% = ₹180.

The net price of the product/service will be ₹1,000 + ₹180 = ₹1,180.

To remove GST from the net price of a product/service, the formula used is,

GST= Net price – [Net price x{100/(100+GST%)}]

Original cost = Net price - GST

For example, if a product/service cost after GST of 18% is ₹1,180.

GST = 1,180 – [1,180/(100 + 18%)] = ₹180.

Original cost = 1,180 - 180 = ₹1,000.

Using the formula, you can find out the GST on your purchase. However, manual calculations are time-consuming and prone to errors. Hence, using an online GST calculator is better.

How Can an Online GST Calculator Help You?

An online GST calculator can help you accurately calculate the amount of the tax levied on your purchase. Also, manual calculations can be time-consuming, especially when you have several bills in your hand. Using the GST calculator, you can compute the GST in less than a minute without any errors.

How To Use the GST Calculator on Angel One?

The usage of the online GST calculator on the Angel One website is simple and straightforward.

There are two use cases of the calculator:

  • GST exclusive: To find out the total price of the product with GST
  • GST inclusive: To find the original price of the product without GST

For GST exclusive (to find the GST amount of the product/service), the steps to use the GST calculator are:

  • Enter the price of the product/service
  • Select the GST slab on your purchase

You’ll get an instant result of the GST amount and the total price you need to pay for the product/service with GST.

Let us consider an example to understand the usage of the Angel One GST calculator. Suppose you are planning to buy an LED TV of 32 inches worth ₹50,000. As per the government norms, the GST levied on a TV of 32 inches is 18%. Now, you can use a GST calculator to calculate how much the TV purchase will cost you.

Enter the price of the TV and select the GST slab as 18%. The online calculator will display the results as follows:

  • Cost of Good/Service - ₹50,000
  • Total GST - ₹9,000
  • Total Selling Price - ₹59,000

As per the computed results, the new LED 32-inch TV will be worth ₹59,000, including GST. Now you check if this falls under your budget or if you can find another TV you can afford.

For GST inclusive (to find the original amount of the product/service), the steps to use the GST calculator are:

  • Enter the price of the product/service with GST
  • Select the GST slab on your purchase

You’ll get an instant result of the GST amount and the original price of the product/service without GST.

Let us consider an example to understand the usage of the GST calculator on Angel One to determine the original amount of the purchase you made without GST.

Assume you bought a phone for ₹20,000; the GST levied on the product is 18%. On entering these details on the online calculator, the calculator displays the results as follows:

  • Cost of Good/Service - ₹16,949
  • Total GST - ₹3,050
  • Total Selling Price - ₹20,000

It means that the original price of your phone is ₹16,949, and the GST amount levied is ₹3,050. This way, you can determine the GST amount and original prices of the products and services purchased.

Benefits of Using the GST Calculator on Angel One

  • Accuracy: The GST calculator on Angel One ensures accurate calculations, minimising the risk of errors that could lead to financial discrepancies.
  • Time-saving: Manual calculations of GST can be time-consuming, especially when dealing with large volumes of transactions. The Angel One GST calculator automates the calculation process, saving time and allowing you to focus on other essential tasks.
  • Convenience: The GST calculator on Angel One is user-friendly and free to use. You can use Angel One’s GST calculator at any time from anywhere. You only need to know the GST slab and have an active internet connection device.
  • Decision-making: A GST calculator can assist in making informed financial decisions. It allows individuals and businesses to assess the impact of GST on pricing and overall financial planning. In the case of individuals, you can know how much a product or service will cost if the GST is levied.

GST Calculator FAQs

How many GST slabs are there in India?

Currently, there are 4 GST slabs in India that are primarily levied - 5%, 12%, 18%, and 28%. There is a GST slab of 3%, which is less used.

Is GST levied on all the products or services in India?

No, GST is not levied on all products or services in India. There are several items that are exempt from GST, such as essential commodities, healthcare services, and education.

Does the GST calculator on Angel One consider both SGST and CGST?

SGST and CGST are the two GST components levied by the state government and the central government, respectively. Yes, the GST calculator on Angel One considers both SGST and CGST, while calculating the GST.

Is it mandatory to pay GST on products or services purchased in India?

Yes, paying GST on products or services purchased in India is mandatory if the item falls under GST slabs. However, there are a few exceptions, such as for items that are exempt from GST.

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