GST Calculation Formula in India Tax Calculator

GST tax calculations in India can be done easily using this GST calculator with explanation on gst calculation formula. Businessmen and consumers are having tough time in calculating GST Rates of products and services for the Financial before due date. This free online GST Tax Calculator with gst calculation formula will solve the problem of calculating GST rate as per Government norms. Goods and Services tax calculator will give you a GST Amountof goods and services very easily as per required tax rate by the Government. Anyone can learn to use this calculator easily for GST financial Calculation with ease of management and accuracy to know the price of a product or a serviceafter the application of GST.

Kindly find out the existing product or service amount and the GST rate of the product. Then you can easily find out the final GST price of the product. This is tool is very simple and can be used with ease to know about net price and GST price of a product.

Explanation of the GST Calculation Formula

Add GST
GST Amount = ( Original Cost * GST% ) / 100
Net Price = Original Cost + GST Amount

Remove GST
GST Amount = Original Cost – ( Original Cost * ( 100 / ( 100 + GST% ) ) )
Net Price = Original Cost – GST Amount

Example: A product is sold from place A to Place B at the rate of Rs.3000. GST rate is 10 %. What is the net price?
Solution :
= 3000 x (10 / 100)
= Rs.300
Hence the net price is 3000 + 300 = Rs.3300

Original Cost: 3000 ?
GST %: 10
GST Price: 300 ?
Net Price: 3300

Goods and Service tax calculation can be done through this GST calculator also the GST calculation methods is explained well with above example. A consumer can also find out how much is the GST price of amost commonly used product using this calculation. You can calculate GST price of a product by finding out the GST tax rate of a product and entering the amount in the calculator.

Goods and Services Tax rate in India

GST rates of all the goods and services in India has been compiled in the postGST Rates of All Goods and Services, IntraState Supplies.

As per Rate of Goods, the categories are defined as below with page numbers.

SCHEDULE I: LIST OF GOODS AT NIL RATE………………………..1
• SCHEDULE II: LIST OF GOODS AT 0.25% RATE…………………14
• SCHEDULE III: LIST OF GOODS AT 3% RATE…………………….15
• SCHEDULE IV: LIST OF GOODS AT 5% RATE…………………….17
• SCHEDULE V: LIST OF GOODS AT 12% RATE…………………….52
• SCHEDULE VI: LIST OF GOODS AT 18% RATE…………………..80
• SCHEDULE VII: LIST OF GOODS AT 28% RATE………………..137

As per Rate of Services, the categories are defined as below;

LIST OF SERVICES AT NIL RATE………..1
• LIST OF SERVICES AT 5% RATE ……..21
• LIST OF SERVICES AT 12% RATE ……23
• LIST OF SERVICES AT 18% RATE ……24
• LIST OF SERVICES AT 28% RATE ……25
• GST ON SUPPLY OF SERVICES AT SAME RATE AS ON SUPPLY OF SIMILAR GOODS….26

For India, you can calculate GST price for CGST, SGST, IGST and Intrastate & Interstate Transactions.

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