GST Calculator

Determine the GST payable for particular period.

A GST calculator is a ready-to-use online tool to determine the payable GST for a particular period. Anyone can use the tool to determine how much they will have to pay as GST. Everyone, including buyers, sellers, manufacturers, and wholesalers, will benefit from using a GST calculator online.

01Cr
%
5%28%
Gross Sales Tax will be
Disclaimer
Results generated by the calculator is indicative in nature. Piramal Capital Housing Finance Limited (“PCHFL”) does not guarantee accuracy, commitment, undertaking, completeness, or correct sequence of any the details provided therein and therefore no reliance should be placed by the user for any purpose whatsoever on the information contained / data generated herein or on its completeness/accuracy.

The calculator is only a tool that assists the users to arrive at results of various illustrative scenarios generated from the data input by the users. The user should exercise due care and caution (including if necessary, obtaining of advise of tax/legal/accounting/financial/other professionals) prior to taking of any decision, acting, or omitting to act, on the basis of the information contained/data generated herein.

PCHFL does not undertake any liability or responsibility to update any data. No claim (whether in contract, tort (including negligence) or otherwise) shall arise out of or in connection with the services against PCHFL. Neither PCHFL nor any of its agents or licensors or group companies shall be liable to user/any third party, for any direct, indirect, Incidental, special, or consequential loss or damages (including, without limitation for loss of profit, business opportunity or loss of goodwill) whatsoever, whether in contract, tort, misrepresentation or otherwise arising from the use of these tools/information contained/data generated herein.
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What is GST?

GST is an indirect tax levied on goods and services in India. The central government of India passed the GST Act in the 2017 Budget Session. The Parliament approved the bill on 29th March 2017. Finally, the unified taxation system was introduced on 1st July 2017.
After it came into existence, all other indirect taxes in the country were replaced by the GST. Some of the indirect taxes that were replaced by GST included the Central Excise Duty, VAT, Entry Tax, and Octroi. GST is comprehensively levied on the manufacture, consumption, and sale of goods and services in the country.

Both small and large organizations need a GST Identification Number, or GSTIN, for registration under the GST policy. The different types of GST collected by the government of India are as follows:

State GST (SGST) : SGST is collected by the state government.

Central GST (CGST) : CGST is collected by the central government.

Integrated GST (IGST) : IGST is collected by the central government. An IGST calculator is useful in the case of inter-state imports and transactions.

Union Territory GST (UTGST) : UTGST is collected by the government of union territories.

What is the Percentage of GST in India?

Under the GST regime, essential services and food items are placed in the lower tax brackets. On the other hand, luxury products and services fall under higher tax brackets. The GST Council has included more than 1300 goods and 500 services under four GST slabs.

The four GST slabs (5% GST, 12% GST, 18% GST, and 28% GST) are separate from the 3% slab for gold and the 0.25% slab for precious and semi-precious stones. Let us consider what's included under the four GST rate slabs:

5% GST Rate Slab:

14% of goods and services fall under this category. Some items included under this category include frozen vegetables, tea, coffee, spices, clothing below ₹ 1000 and footwear below ₹ 500, revenue stamps, rail tickets and economy class flight tickets, small restaurants, and more.

12% GST Rate Slab:

17% of goods and services fall under this category. Some items included under this category include frozen meat, butter, cheese, ghee, and fruit juices. Spectacles, non-AC restaurants, apparel above ₹ 1000, business class air tickets, and more.

18% GST Rate Slab:

43% of goods and services fall under this category. Some items included under this category include cakes and pastries, soups, ice cream, mineral water, footwear above ₹ 500, restaurants in five-star and luxury hotels, IT services, telecom services, and more. Our 18 percent GST calculator is useful for determining the prices of these goods and services.

28% GST Rate Slab:

19% of goods and services fall under this category. Some items included under this category include chewing gum, aerated water, washing machine, automobiles, movie tickets above ₹ 100, 5-star hotel stays, and more.

The remaining 7% of goods and services fall under the no-tax or exempted GST rate slab. Some common items under this category include fresh meat, eggs, fish, newspapers, printed books, hotels and lodges with a tariff below ₹ 1000, salt, and more. Use our GST percentage calculator to determine how much tax you will have to pay for different goods and services under the various GST rate slabs.

ProductsIndia Tax rates(GST)
Milk, Eggs, Curd, Lassi, Kajal, Educations Services Health Services, Children's Drawing & Coloring Books Unpacked Foodgrains, Unpacked Paneer, Gur, Unbranded Natural Honey Fresh Vegetables, Salt, Unbranded Atta, Unbranded Maida Besan, Prasad, Palmyra Jaggery, Phool Bhari Jhadoo0%
Sugar, Tea, Packed Paneer, Coal, Edible Oils, Raisin Domestic LPG, Roasted Coffee Beans, PDS Kerosene Skimmed Milk Powder, Cashew Nuts, Footwear (< Rs.500) Milk Food for Babies, Apparels (< Rs.1000) Fabric, Coir Mats, Matting & Floor Covering Spices, Agarbatti, Coal, Mishti/Mithai (Indian Sweets) Life-saving drugs, Coffee (except instant)5%
Butter, Ghee, Computers, Processed food, Almonds Mobiles, Fruit Juice, Fruits, Preparations of Vegetables, Nuts Fruits, or other parts, Packed Coconut Water Umbrella, Pickle Murabba, Chutney, Jam, Jelly12%
Hair Oil, Capital goods, Toothpaste, Industrial Intermediaries Soap, Ice-cream, Pasta, Toiletries, Corn Flakes, Soups Computers, Printers18%
Small cars (+1% or 3% cess), High-end motorcycles (+15% cess) Consumer durables such as AC and fridge, Beedis are NOT included here Luxury & sin items like BMWs, cigarettes, and aerated drinks (+15% cess)28%

GST Calculation Formula

You can choose the appropriate GST calculation formula according to your requirements:

Adding GST to the original amount:

GST Amount= (Base cost * GST%) / 100
Net Price= Base cost + GST Amount

Removing GST from the original amount:

GST Amount= Base cost - [Base Cost * {100/ (100 + GST%)}]
Net Price= Base cost - GST Amount

If you want to avoid mathematical calculations, you can always use our GST calculator in India. It will also ensure that you can get accurate results instantly without any error in calculation.

Simple GST Calculation

If you want to understand GST calculation in simple terms, you should consider this example. Suppose the actual cost of a good or service is ₹ 1000. An 18% GST is applicable to it. In that case, the total price can be calculated in this way:


1000 + {1000 x (18/ 100)}
= 1000 + 180
= 1180

Therefore, the total cost of the good or service will be ₹ 1180.

GST Calculation for Manufactures

Principal AmountPercentagePre-GST AmountAmount after adding GST
Cost of the good or service
NA
₹200,000
₹ 200,000
Profit
10.00%
₹200,000
₹ 20,000
Excise Duty
12.50%
₹ 27,500
Nil
Total
NA
₹ 247,500
₹ 220,000
VAT
12.50%
₹ 30,938
Nil
SGST
6%
Nil
₹ 13,200
CGST
6%
Nil
₹ 13,200
Final invoice for the manufacturer
NA
₹ 278,438
₹ 246,400


The introduction of GST and the elimination of multiple indirect taxes enabled the manufacturer to save ₹ 160 on a 1000 points cost. It means that the manufacturer enjoyed a 16% savings on the cost due to the change in the tax structure. As manufacturers enjoy a cost reduction, they pass it down along the supply chain to retailers, wholesalers, and end-consumers.

GST Calculation for Wholesalers and Retailers

ParticularsPercentagePre-GST AmountAmount After Adding GST
Cost of the product
NA
₹ 278,438
₹ 246,400
Profit percentage
10.00%
₹ 27,844
₹ 24,640
Total
12.50%
₹ 306,282
₹ 271,040
VAT
12.50%
₹ 38,258
Nil
SGST
6%
Nil
₹ 16,262
CGST
6%
Nil
₹ 16,262
Final invoice for the end-consumer
NA
₹ 344,567
₹ 303,564


Under the GST regime, the product cost falls due. Therefore, the end consumer has to pay a reduced amount for goods and services. However, the profit margin earned by retailers and wholesalers remains the same.

Advantages of GST Calculator

The best GST calculator from Piramal Finance offers the following advantages:

  • Easy to use: The easy GST calculator from Piramal Finance is simple to use and navigate. You will need to enter certain details to get the results that you need.
  • Multi-purpose: You can use our GST calculator for flat purchases and various other purposes. You can even use the tool as a pre-GST calculator.
  • GST interest calculation: Worried about GST interest? Our GST interest calculator online will come to your rescue.
  • Use anytime, anywhere: You can use our GST interest calculator anytime, anywhere. Whether it's your mobile phone or laptop, our GST calculator is always available.
  • GST penalty calculator: Are you late in paying the GST for a particular period? You can use our GST late fee calculator to determine how much you need to pay.
  • Fast calculation: Our GST calculator will offer results as fast as possible. You need to enter the required information to learn about the payable amount instantly.
  • Error-free calculation: Our reverse GST calculator ensures that you receive error-free results. Since there are no manual calculations involved, you don't have to worry about mistakes in the calculation.

How to Calculate GST Using Our Piramal Finance GST Calculator?

The Piramal Finance online GST calculator in India is simple and straightforward to use. Check out the below-mentioned steps to learn how to use our online calculator for GST:


For a Buyer:

  • Step 1:
    Choose the Net Price.
  • Step 2:
    Choose the GST Rate % p.a. You can select whether you want the GST Rate to be 5%, 12%, 18% or 28%
  • Step 3:
    You will see the Gross Price Value and the Total GST amount.


For A Manufacturer or Wholesaler:

  • Step 1:
    Choose the Cost of Goods
  • Step 2:
    Choose the Profit Ratio
  • Step 3:
    Choose the CST Rate (% p.a.)
  • Step 4:
    The Final Price will be displayed. You can also view the CST and IGST price below the final price.


The GST-inclusive amount signifies the total value of a product after adding the GST amount to the original cost of the product. In this case, the GST isn't separately charged from the customer.

The GST-exclusive amount can be obtained by subtracting the GST amount from the GST-inclusive amount of a product.

Frequently asked questions

What is the GST calculator?
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Who can use the GST calculator?
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How can a manufacturer/wholesaler use the GST calculator?
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How can a buyer use the GST calculator?
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What are the benefits of the GST calculator?
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Is registration required when it is exempted goods that have a brand of their own?
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Are export services required to issue a tax invoice to the customer or a bill of supply?
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Do ISDs require GST registration?
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Who decides rates to impose GST?
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As liquor is not included in GST law, whether the trader of the country's liquor is required to migrate to GST from VAT?
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About Piramal Finance

Piramal Finance is a part of Piramal Group Enterprises Limited and is registered under National Housing Bank. It offers retail and wholesale funding opportunities to companies across different industries. It is also involved with financial service businesses. The business loan benefits offered by Piramal Finance enable companies of different sizes to fulfill their goals. But Piramal Finance also offers other kinds of loans, including housing and personal loans.