What is GST Calculator

GST is a tax in India that began on July 1, 2017, replacing taxes like VAT and sales tax. It applies to all products and services you buy. Every business must register for GST and get a GST Identification Number (GSTIN). Simultaneously as a consumer, it's important to know how much GST you're paying. So, to know how much GST you are paying, a GST calculator helps you to figure that out.

How Can a GST Calculator Help You?

• It shows you exactly how much tax you're paying on any product or service.
• It saves time by making the calculation quick and simple.
• Knowing your GST helps you avoid mistakes or overpaying.

How to Calculate Goods and Services Tax (GST) Using a GST Calculator?

Formula:
GST amount = (Price x GST%) Net price = Cost of the product + GST amount
For example, if a product or service costs Rs. 100 and the GST levied on that is 18%, the GST amount will be 100 x 18% = Rs. 18. The net amount you’d have to pay would be Rs. 118.
For removing GST from the net price of a product, the following formula is used:
GST= Original cost – [Original cost x {100/(100+GST%)}]
Net price = Original cost – GST