GST Calculator Online
Easily calculate the GST with our easy-to-use software.
What is GST?
GST is a tax levied on goods and services in India that came into effect in July 2017. It is a comprehensive set of taxes that is divided into 5 slabs – 0%, 5%, 8%, 12%, and 18%. These are taxable at different rates depending on the goods or services they are used for. The GST tax is payable at each stage of production, distribution, sale, and consumption of goods and services.
Formula to calculate GST manually
If you already have the amount which is the GST then you can calculate excluding the amount of GST using the below-mentioned formula:
Formula to add the GST amount to the base amount:
GST Amount = ( Original Cost * GST% ) / 100
Net price = original cost + GST amount
Formula to remove the GST amount to the base amount:
GST Amount = Original Cost – (Original Cost * (100 / (100 + GST% ) ) )
Net Price = Original Cost – GST Amount
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How to use Munim’s GST calculator
Munim’s calculator is super easy to calculate the GST. It will give you result within a few seconds. All you have to do is to enter the details in the field or you can scroll the slide.
Benefits of using Munim’s GST calculator
- Time-consuming
- Accurate estimation compared to other tools
- You can avoid mistakes and can calculate the correct amount of GST.
- It reduces confusion
Frequently Asked Questions
What are the 3 types of GST?
Who can use the GST calculator?
Who decides to impose the GST rate?
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