InHST
Check out India e- GST Calculator in a simple way. You can calculate online Goods & Service Tax according to Indian GST Slabs i.e. 5%, 12%, 18%, 28%. GST Calculator is an important tool to calculate fast calculation on difficult goods and service items. GST which is well known as Good & Service Tax. The GST was applied from 01st July 2017. After GST implementation, people want to know about GST and its procedure. GST will replace indirect tax in India. The main motto of GST is removed curbing ‘double-taxation’ and irregularities regarding the same. The government has made four GST slabs or tax rates according to product and service type i.e. 5%, 12%, 18%, and 28%. India Central Government has passed four bills on 29 March 2017.
GST Calculator in India - Online e-GST Calculation
Note - We will provide GST Calculator Very soon. You can check out a demo example of GST calculation. In this table, we are comparing tax value in between GST and VAT (Value Added Tax). It is very common and general example of GST impact. It is including all GST taxes i.e. SGST and CGST. Example - We are taking the cost of production is 50,000/- INR with 12.5% VAT and 2% CST. The final cost is 1,06,127 under VAT. However same product with 12% IGST (SGST+CGST), it will 93,498. So here due to GST, the final price is reducing.
Rates | VAT based Calculation(in INR) | GST Based Calculation (in INR) |
Value to the Manufacturer | ||
Cost of Production | 50,000 | 50,000 |
Addition of 10% Profit Margin | 5000 | 5000 |
12% Excise Duty | 6600 | - |
Total Cost of the Production | 61600 | 55000 |
Addition of 12.5% VAT | 7700 | - |
Addition of 6% SGST | - | 3300 |
Addition of 6% of CGST | - | 3300 |
Invoice Value for the manufacturer | 69,300 | 61,600 |
Value to the wholesaler | ||
Cost of products | 69,300 | 61,600 |
Addition of profit margin @10% | 6930 | 6160 |
Total Value | 76,230 | 67,760 |
Addition of 12.5% VAT | 9529 | - |
Addition of 6% SGST | - | 4065.5 |
Addition of 6% CGST | - | 4065.5 |
Invoice value to the wholesaler | 85759 | 75891 |
Value to Retailer | ||
Cost of products | 85759 | 75891 |
Addition of profit margin @10% | 8576 | 7589 |
Total Value | 94335 | 83480 |
Addition of 12.5% VAT | 11,792 | - |
Addition of 6% SGST | - | 5009 |
Addition of 6% CGST | - | 5009 |
Invoice value to the wholesaler | 1,06,127 | 93,498 |
SGST & CGST Calculator - Online Free State & Central GST Calculator
Where government has set implementation deadline for GST i.e. 01 July 2017. If you are a trader and have more than 20 lakh turnover then you should be applied for GSTIN number. In a single invoice, there will four items i.e. SGST, CGST, HSN Number, IGST. After GST implementation, many products and services are cheaper compared to previous VAT and indirect tax system. Somer other products and services would be costly and increase your daily life expensive. However, GST could be complicated for computer illiterate traders. Because it will require an online interface to upload invoices on GST portal i.e. But State and Central governments will provide GST Suvidha Kendra to solve traders and common man problems. To understand basic GTS structure, you should know about GST components. GST has two components i.e. SGST and CGST. The tax which is levied by the state government will be called SGST. However, CGST is central government tax. You can calculate SGST and CGST via e-GST calculator. Thank you for the visit. Please share on social media i.e. Facebook, Google Plus, Twitter, and WhatsApp etc. Your social share will support us and provide confidence.
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