{"id":11962,"date":"2020-07-29T16:21:33","date_gmt":"2020-07-29T10:51:33","guid":{"rendered":"https:\/\/swaritadvisors.com\/learning\/?p=11962"},"modified":"2020-07-29T16:21:37","modified_gmt":"2020-07-29T10:51:37","slug":"online-gst-calculator-calculate-gst-amount","status":"publish","type":"post","link":"https:\/\/swaritadvisors.com\/learning\/online-gst-calculator-calculate-gst-amount\/","title":{"rendered":"Online GST Calculator: Easiest Way to Calculate GST Amount"},"content":{"rendered":"\n<p class=\"has-drop-cap\">A robust <strong><em>mechanism<\/em><\/strong> that helps <strong><em>calculate\nthe GST Amount<\/em><\/strong> accurately on various <strong><em>goods and services<\/em><\/strong> is\nknown as <strong><em>Online GST Calculator<\/em><\/strong>. The only <strong><em>aim <\/em><\/strong>behind this device is\nto show the <strong><em>total amount<\/em><\/strong> of the <strong><em>goods and services<\/em><\/strong> and the <strong><em>value\ndue as GST<\/em><\/strong>. <\/p>\n\n\n\n<p>In this blog, we will talk about the <strong><em>concept\nof GST Calculator Online<\/em><\/strong> and the method of <strong><em>calculating the GST Amount<\/em><\/strong>.<\/p>\n\n\n\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_65 counter-hierarchy ez-toc-counter ez-toc-light-blue ez-toc-container-direction\">\n<p class=\"ez-toc-title\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6a3aa34754412\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6a3aa34754412\"  aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/swaritadvisors.com\/learning\/online-gst-calculator-calculate-gst-amount\/#Concept_of_Goods_and_Service_Tax\" title=\"Concept of Goods and Service Tax\">Concept of Goods and Service Tax<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/swaritadvisors.com\/learning\/online-gst-calculator-calculate-gst-amount\/#Different_Heads_under_the_GST_Regime\" title=\"Different Heads under the GST Regime\">Different Heads under the GST Regime<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/swaritadvisors.com\/learning\/online-gst-calculator-calculate-gst-amount\/#Tax_Slabs_under_GST_Regime\" title=\"Tax Slabs under GST Regime\">Tax Slabs under GST Regime<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/swaritadvisors.com\/learning\/online-gst-calculator-calculate-gst-amount\/#Concept_of_GST_Online_Calculator\" title=\"Concept of GST Online Calculator\">Concept of GST Online Calculator<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/swaritadvisors.com\/learning\/online-gst-calculator-calculate-gst-amount\/#Concept_of_Reverse_GST_Calculator\" title=\"Concept of Reverse GST Calculator\">Concept of Reverse GST Calculator<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/swaritadvisors.com\/learning\/online-gst-calculator-calculate-gst-amount\/#Situations_Where_Reverse_Charge_Becomes_Applicable\" title=\"Situations Where Reverse Charge\nBecomes Applicable\">Situations Where Reverse Charge\nBecomes Applicable<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/swaritadvisors.com\/learning\/online-gst-calculator-calculate-gst-amount\/#Benefits_of_Using_Online_GST_Calculator\" title=\"Benefits of Using Online GST\nCalculator\">Benefits of Using Online GST\nCalculator<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/swaritadvisors.com\/learning\/online-gst-calculator-calculate-gst-amount\/#How_to_Calculate_GST_Amount\" title=\"How to Calculate GST Amount?\">How to Calculate GST Amount?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/swaritadvisors.com\/learning\/online-gst-calculator-calculate-gst-amount\/#How_to_Determine_GST_on_Reverse_Basis\" title=\"How to Determine GST on Reverse\nBasis?\">How to Determine GST on Reverse\nBasis?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/swaritadvisors.com\/learning\/online-gst-calculator-calculate-gst-amount\/#Formula_for_Calculating_GST_Amount\" title=\"Formula for Calculating GST Amount\">Formula for Calculating GST Amount<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-11\" href=\"https:\/\/swaritadvisors.com\/learning\/online-gst-calculator-calculate-gst-amount\/#Steps_to_Use_Online_GST_Calculator\" title=\"Steps to Use Online GST Calculator\">Steps to Use Online GST Calculator<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-12\" href=\"https:\/\/swaritadvisors.com\/learning\/online-gst-calculator-calculate-gst-amount\/#Example_of_GST_Calculation\" title=\"Example of GST Calculation\">Example of GST Calculation<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-13\" href=\"https:\/\/swaritadvisors.com\/learning\/online-gst-calculator-calculate-gst-amount\/#Comparison_between_Old_Tax_Regime_and_the_New_Tax_Regime\" title=\"Comparison between Old Tax Regime and\nthe New Tax Regime\">Comparison between Old Tax Regime and\nthe New Tax Regime<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-14\" href=\"https:\/\/swaritadvisors.com\/learning\/online-gst-calculator-calculate-gst-amount\/#Conclusion\" title=\"Conclusion\">Conclusion<\/a><\/li><\/ul><\/nav><\/div>\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Concept_of_Goods_and_Service_Tax\"><\/span>Concept of Goods and Service Tax<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>Goods and Service Tax is an <strong><em>Indirect\nTax Structure<\/em><\/strong>, which was imposed on <strong><em>01.07.2017<\/em><\/strong>. It is a <strong><em>single\ntaxation system<\/em><\/strong> that <strong><em>absorbs<\/em><\/strong> all the <strong><em>other Indirect Taxes<\/em><\/strong>\nprevalent in India. The taxes that were <strong><em>abolished or repealed<\/em><\/strong> by implementing\nthe GST Act are <strong><em>VAT (Value Added Tax), CST (Central Sales Tax), Service Tax, Octroi\nDuty, Central Excise Duty<\/em><\/strong>, and <strong><em>Entry Tax<\/em><\/strong>. <\/p>\n\n\n\n<p>Further, it is an <strong><em>all-inclusive tax regime<\/em><\/strong> that is levied on the <strong><em>Manufacture<\/em><\/strong>, <strong><em>Sale<\/em><\/strong>, and <strong><em>Consumption of Goods and Services<\/em><\/strong>. Moreover, every business or individual whose <strong><em>annual turnover<\/em><\/strong> exceeds the threshold of Rs <strong><em>40 Lakhs and Rs 20 Lakhs<\/em><\/strong> for <strong><em>special states<\/em><\/strong> need to obtain <strong><em><a href=\"https:\/\/swaritadvisors.com\/gst-registration\">GST Registration<\/a><\/em><\/strong>. <\/p>\n\n\n\n<p>One can also <strong><em>check the status<\/em><\/strong> of\nhis\/her <strong><em>GST Registration Application<\/em><\/strong> by entering the <strong><em>ARN (Application\nReference Number)<\/em><\/strong>. Further, the applicant will be provided with a <strong><em>15-digits\nunique identification number<\/em><\/strong> known as the <strong><em>GSTIN (Goods and Service Tax\nIdentification Number)<\/em><\/strong> by the authorities. <\/p>\n\n\n\n<p>However, the authorities <strong><em>do not provide a physical copy<\/em><\/strong> of the <strong><em>GST Registration Certificate<\/em><\/strong>. That means the registered taxpayer needs to <strong><em>download GST Certificate<\/em><\/strong> from the <strong><em>official GST Portal<\/em><\/strong><a href=\"https:\/\/www.gst.gov.in\/\">[1]<\/a> .<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Different_Heads_under_the_GST_Regime\"><\/span>Different Heads under the GST Regime<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>The different heads under the GST Regime\nare as follows:<\/p>\n\n\n\n<ol><li><strong>CGST<\/strong>: CGST stands for the <strong><em>Central Goods and Service Tax<\/em><\/strong>. It is levied in the <strong><em>intra-state transaction<\/em><\/strong>, and in this, a part of the GST amount is <strong><em>sent<\/em><\/strong> to the <strong><em>Central Government<\/em><\/strong>. <\/li><li><strong>IGST<\/strong>: IGST stands for the <strong><em>Integrated Goods and Service Tax<\/em><\/strong>. This becomes applicable in the case of <strong><em>inter-state transactions<\/em><\/strong>. Further, in this structure, a <strong><em>part of the amount<\/em><\/strong> will be sent to the <strong><em>Central Government<\/em><\/strong>, and thereafter the central government will send that portion to the <strong><em>respective state government<\/em><\/strong>.<\/li><li><strong>SGST\/ UTGST<\/strong>: SGST stands for the <strong><em>State Goods and Service Tax<\/em><\/strong>, and UTGST stands for <strong><em>Union Territory Goods and Service Tax<\/em><\/strong>. In this structure, the portion or <strong><em>part of a GST amount <\/em><\/strong>will go directly to the <strong><em>respective state government<\/em><\/strong>.<\/li><\/ol>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Tax_Slabs_under_GST_Regime\"><\/span>Tax Slabs under GST Regime<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>The <strong><em>different tax slabs<\/em><\/strong> under the GST\nRegime are as follows:<\/p>\n\n\n\n<ol><li>0%<\/li><li>5%<\/li><li>12%<\/li><li>18%<\/li><li>28%<\/li><\/ol>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Concept_of_GST_Online_Calculator\"><\/span>Concept of GST Online Calculator<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>The process of <strong><em>GST Return filling<\/em><\/strong>\ninvolves the <strong><em>calculation of the GST amount<\/em><\/strong>, which indeed is a tough and\nback-breaking task. However, the <strong><em>Online GST Calculator<\/em><\/strong> is a device that\nis ready to use and makes the process of determining the GST amount simple and\nstraightforward. <\/p>\n\n\n\n<p>Further, for <strong><em>calculating the GST amount,<\/em><\/strong>\nthe taxpayer must have information and details regarding the <strong><em>HSN\/\nSAC code<\/em><\/strong> or <strong><em>GST Rate<\/em><\/strong> applicable to the goods and services.<\/p>\n\n\n\n<p>Furthermore, any person can use the  <strong><em>Online GST Calculator<\/em><\/strong> for\ncalculating the GST amount. The term <strong><em>\u201cany person<\/em><\/strong>\u201d includes <strong><em>Buyer,\nSeller, Wholesaler, <\/em><\/strong>and <strong><em>Manufacturer<\/em><\/strong>.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Concept_of_Reverse_GST_Calculator\"><\/span>Concept of Reverse GST Calculator<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>As per <strong><em>Section 9 (4)<\/em><\/strong> of the <strong><em>CGST Act<\/em><\/strong>, a case where a <strong><em>registered\ntaxpayer<\/em><\/strong> purchases goods or services from <strong><em>an unregistered seller<\/em><\/strong> or\n<strong><em>dealer<\/em><\/strong>,\nthen, in this case, the registered taxpayer needs to pay <strong><em>GST on Reverse Charge<\/em><\/strong>.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Situations_Where_Reverse_Charge_Becomes_Applicable\"><\/span>Situations Where Reverse Charge\nBecomes Applicable<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>The <strong><em>situations <\/em><\/strong>in which the <strong><em>Reverse\nCharge Mechanism<\/em><\/strong> becomes applicable are as follows:<\/p>\n\n\n\n<ol><li>When\nthe <strong><em>Goods\n<\/em><\/strong>are Supplied from the <strong><em>Unregistered Dealer<\/em><\/strong> to the <strong><em>Registered\nPerson<\/em><\/strong>;<\/li><li>Services\nthrough any <strong><em>E-Commerce Operator<\/em><\/strong>;<\/li><li>Listed\nGoods and Services by the<strong><em> CBIC<\/em><\/strong>.<\/li><\/ol>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Benefits_of_Using_Online_GST_Calculator\"><\/span>Benefits of Using Online GST\nCalculator<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<div class=\"wp-block-image\"><figure class=\"aligncenter is-resized\"><img decoding=\"async\" loading=\"lazy\" src=\"https:\/\/swaritadvisors.com\/learning\/wp-content\/uploads\/2020\/07\/Benefits-of-Using-Online-GST-Calculator-1024x597.png\" alt=\"Benefits of GST Calculator\" class=\"wp-image-11966\" width=\"506\" height=\"295\" srcset=\"https:\/\/swaritadvisors.com\/learning\/wp-content\/uploads\/2020\/07\/Benefits-of-Using-Online-GST-Calculator-1024x597.png 1024w, https:\/\/swaritadvisors.com\/learning\/wp-content\/uploads\/2020\/07\/Benefits-of-Using-Online-GST-Calculator-300x175.png 300w, https:\/\/swaritadvisors.com\/learning\/wp-content\/uploads\/2020\/07\/Benefits-of-Using-Online-GST-Calculator-768x448.png 768w, https:\/\/swaritadvisors.com\/learning\/wp-content\/uploads\/2020\/07\/Benefits-of-Using-Online-GST-Calculator.png 1200w\" sizes=\"(max-width: 506px) 100vw, 506px\" \/><\/figure><\/div>\n\n\n\n<p>In India, there are <strong><em>five tax slabs<\/em><\/strong> available\nunder the <strong><em>Indirect Tax Regime<\/em><\/strong>. That means <strong><em>calculating the GST amount<\/em><\/strong>\nis a tough task. In this situation, the <strong><em>GST Calculator<\/em><\/strong> acts as a handy\ndevice that makes the process of <strong><em>determining the GST amount<\/em><\/strong> simple\nand easy. Besides this, the <strong><em>other benefits<\/em><\/strong> of using Online GST\nCalculator are as follows:<\/p>\n\n\n\n<ol><li><strong><em>Helps\n<\/em><\/strong>in <strong><em>saving\ntime<\/em><\/strong>;<\/li><li><strong><em>Minimizes<\/em><\/strong> the chance of <strong><em>human error<\/em><\/strong> while <strong><em>determining\nthe total value<\/em><\/strong> of goods and services;<\/li><li><strong><em>Simple<\/em><\/strong> and <strong><em>Easy<\/em><\/strong> to Use;<\/li><li><strong><em>Allows<\/em><\/strong> differentiation between <strong><em>CGST,\nSGST<\/em><\/strong>, and <strong><em>IGST<\/em><\/strong>;<\/li><li><strong><em>Provides<\/em><\/strong> Accurate <strong>Results<\/strong>.<\/li><\/ol>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"How_to_Calculate_GST_Amount\"><\/span>How to Calculate GST Amount?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>&nbsp;The registered taxpayer can calculate their GST amount\nby <strong><em>following\nthe steps<\/em><\/strong> given below:<\/p>\n\n\n\n<ol><li><strong><em>Enter\nthe details<\/em><\/strong> and information\nas follows:<\/li><li><strong><em>Net\nValue<\/em><\/strong> of the Service or\nGood;<\/li><li><strong><em>GST\nRates<\/em><\/strong> that are\napplicable are <strong><em>5%, 12%, 18%, and 28%.<\/em><\/strong><\/li><li>Now,\nclick on the option \u201c<strong><em>Calculate<\/em><\/strong>\u201d;<\/li><li>After\nthat, the calculator will show the <strong><em>GST amount<\/em><\/strong> under each head <strong><em>CGST <\/em><\/strong>and\n<strong><em>SGST\/\nUTGST<\/em><\/strong> or <strong><em>IGST<\/em><\/strong>, together with the <strong><em>gross\/final amount<\/em><\/strong> of the services\nto be billed.<\/li><\/ol>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"How_to_Determine_GST_on_Reverse_Basis\"><\/span>How to Determine GST on Reverse\nBasis?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>The steps included to determine GST on\nReverse Basis are as follows:<\/p>\n\n\n\n<ol><li><strong><em>Enter\n<\/em><\/strong>the <strong><em>MRP\n(Maximum Retail Price)<\/em><\/strong> next to Initial Amount;<\/li><li><strong><em>Insert\n<\/em><\/strong>the Applicable <strong><em>Rate\nof Tax<\/em><\/strong>;<\/li><li>Now,\nClick on the \u201c<strong><em>Subtract Option<\/em><\/strong>\u201d;<\/li><li>The\nOutcome will be the <strong><em>Basic Value of the Product<\/em><\/strong>;<\/li><li><strong><em>GST\nAmount<\/em><\/strong> included in the\nMRP;<\/li><li>The\n<strong><em>Result<\/em><\/strong>\nwill be the Gross Amount.<\/li><\/ol>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Formula_for_Calculating_GST_Amount\"><\/span>Formula for Calculating GST Amount<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<div class=\"wp-block-image\"><figure class=\"aligncenter is-resized\"><img decoding=\"async\" loading=\"lazy\" src=\"https:\/\/swaritadvisors.com\/learning\/wp-content\/uploads\/2020\/07\/Formula-for-Calculating-GST-Amount-1024x768.png\" alt=\"GST formula\" class=\"wp-image-11965\" width=\"523\" height=\"392\" srcset=\"https:\/\/swaritadvisors.com\/learning\/wp-content\/uploads\/2020\/07\/Formula-for-Calculating-GST-Amount-1024x768.png 1024w, https:\/\/swaritadvisors.com\/learning\/wp-content\/uploads\/2020\/07\/Formula-for-Calculating-GST-Amount-300x225.png 300w, https:\/\/swaritadvisors.com\/learning\/wp-content\/uploads\/2020\/07\/Formula-for-Calculating-GST-Amount-768x576.png 768w, https:\/\/swaritadvisors.com\/learning\/wp-content\/uploads\/2020\/07\/Formula-for-Calculating-GST-Amount.png 1200w\" sizes=\"(max-width: 523px) 100vw, 523px\" \/><\/figure><\/div>\n\n\n\n<p>The formulas for calculating the GST\nAmount are as follows:<\/p>\n\n\n\n<ul><li>To add GST to the Base Amount: <\/li><\/ul>\n\n\n\n<p>Add GST <\/p>\n\n\n\n<p><strong><em>GST Value<\/em><\/strong> = (Original Cost * GST\n%) \/ 100<\/p>\n\n\n\n<p><strong><em>Net Price<\/em><\/strong> = GST Value + Original\nCost<\/p>\n\n\n\n<ul><li>To remove GST from the Base Amount: <\/li><\/ul>\n\n\n\n<p>Remove GST<\/p>\n\n\n\n<p><strong><em>GST Value<\/em><\/strong> = Original Cost \u2013\n(Original Cost* (100\/ (100 + GST %)))<\/p>\n\n\n\n<p><strong><em>Net Price<\/em><\/strong> = GST\nValue + Original Cost<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Steps_to_Use_Online_GST_Calculator\"><\/span>Steps to Use Online GST Calculator<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>The Steps involved to use Online GST\nCalculator are as follows:<\/p>\n\n\n\n<ol><li>Select\n<strong><em>GST\nInclusive<\/em><\/strong> or <strong><em>GST Exclusive<\/em><\/strong> as per requirement;<\/li><li>Now,\n<strong><em>Insert\nthe Original Amount<\/em><\/strong>;<\/li><li>Choose\nthe <strong><em>GST\ntax slab<\/em><\/strong> from the <strong><em>drop-down<\/em><\/strong> menu list;<\/li><li>After\nthat, click on \u201c<strong><em>Calculate<\/em><\/strong>\u201d to check the result. <\/li><li>Further,\nthe result displayed on the screen will show both the <strong><em>Pre\/ Post GST Amount<\/em><\/strong>,\nalong with the <strong><em>total GST Amount<\/em><\/strong>.<\/li><\/ol>\n\n\n\n<p>The term \u201c<strong><em>GST Inclusive Amount<\/em><\/strong>\u201d\ndenotes the <strong><em>total worth of the goods and services<\/em><\/strong> after <strong><em>adding<\/em><\/strong>\nthe <strong><em>GST\nAmount<\/em><\/strong> in the <strong><em>Original Cost<\/em><\/strong> of the good. In this,\nthe tax is levied separately from the customer.<\/p>\n\n\n\n<p>Further, the term \u201c<strong><em>GST Exclusive Amount<\/em><\/strong>\u201d\ndenotes the <strong><em>price of GST<\/em><\/strong> after <strong><em>deducting the GST amount<\/em><\/strong> from the \u201c<strong><em>GST\nInclusive Amount<\/em><\/strong>\u201d of the good.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Example_of_GST_Calculation\"><\/span>Example of GST Calculation<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>Let\u2019s take an assumption that <strong><em>good is sold<\/em><\/strong> for a <strong><em>value of Rs 3000,<\/em><\/strong> and the GST applicable on this <strong><em>good is 12%.<\/em><\/strong><\/p>\n\n\n\n<p>In this case, the <strong><em>Net Value<\/em><\/strong> of the Good\nbecomes Rs <strong><em>3000 + 12% of Rs 3000<\/em><\/strong>. <\/p>\n\n\n\n<p>The <strong><em>Net Value<\/em><\/strong> comes out to be <strong><em>Rs\n3000 + Rs 360 = Rs 3360<\/em><\/strong>.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Comparison_between_Old_Tax_Regime_and_the_New_Tax_Regime\"><\/span>Comparison between Old Tax Regime and\nthe New Tax Regime<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>The <strong><em>ITC (Input Tax Credit)<\/em><\/strong> can benefit\nboth <strong><em>Dealers<\/em><\/strong>\nand <strong><em>Manufacturers<\/em><\/strong>\nunder the GST scheme. Further, the table given below provides a <strong><em>comparison<\/em><\/strong>\nbetween the <strong><em>calculation of the GST amount under the old tax regime and the GST\nregime<\/em><\/strong>. <\/p>\n\n\n\n<table class=\"wp-block-table\"><tbody><tr><td><strong>Value to Manufacturer<\/strong>   <\/td><td><strong>Old Tax System<\/strong>   <\/td><td><strong>Goods and Service Tax (GST) System<\/strong>   <\/td><\/tr><tr><td><strong>Cost of Production<\/strong>   <\/td><td>Rs 200000   <\/td><td>Rs 200000   <\/td><\/tr><tr><td><strong>Profit Margin of 10 %<\/strong>   <\/td><td>Rs 20000   <\/td><td>Rs 20000   <\/td><\/tr><tr><td><strong>Excise Duty of 12 %<\/strong>   <\/td><td>Rs 24000   <\/td><td>N\/A   <\/td><\/tr><tr><td><strong>Total Production Cost<\/strong>   <\/td><td>Rs 244000   <\/td><td>Rs 220000   <\/td><\/tr><tr><td><strong>VAT of 12.5 %<\/strong>   <\/td><td>Rs 30500   <\/td><td>N\/A   <\/td><\/tr><tr><td><strong>SGST of 6 %<\/strong>   <\/td><td>N\/A    <\/td><td>Rs 13200   <\/td><\/tr><tr><td><strong>CGST of 6 %<\/strong>   <\/td><td>N\/A   <\/td><td>Rs 13200   <\/td><\/tr><tr><td><strong>Invoice Value for a Manufacturer<\/strong>   <\/td><td>Rs 274500   <\/td><td>Rs 246400   <\/td><\/tr><\/tbody><\/table>\n\n\n\n<table class=\"wp-block-table\"><tbody><tr><td><strong>Value to Wholesaler<\/strong>   <\/td><td><strong>Old Tax System<\/strong>   <\/td><td><strong>Goods and Service Tax (GST) System<\/strong>   <\/td><\/tr><tr><td><strong>Cost of Goods<\/strong>   <\/td><td>Rs 274500   <\/td><td>Rs 246400   <\/td><\/tr><tr><td><strong>Profit Margin of 10 %<\/strong>   <\/td><td>Rs 27450   <\/td><td>Rs 24640   <\/td><\/tr><tr><td><strong>Total Value of Goods<\/strong>   <\/td><td>Rs 301950   <\/td><td>Rs 271040   <\/td><\/tr><tr><td><strong>VAT of 12.5 %<\/strong>   <\/td><td>Rs 37743.75   <\/td><td>N\/A   <\/td><\/tr><tr><td><strong>SGST of 6 %<\/strong>   <\/td><td>N\/A    <\/td><td>Rs 16262.40   <\/td><\/tr><tr><td><strong>CGST of 6 %<\/strong>   <\/td><td>N\/A   <\/td><td>Rs 16262.40   <\/td><\/tr><tr><td><strong>Invoice Value to a Wholesaler<\/strong>   <\/td><td>Rs 339693.75   <\/td><td>Rs 303564.80   <\/td><\/tr><\/tbody><\/table>\n\n\n\n<table class=\"wp-block-table\"><tbody><tr><td><strong>Value to Retailer<\/strong>   <\/td><td><strong>Old Tax System<\/strong>   <\/td><td><strong>Goods and Service Tax (GST) System<\/strong>   <\/td><\/tr><tr><td><strong>Cost of Goods<\/strong>   <\/td><td>Rs 339693.75   <\/td><td>Rs 303564.80   <\/td><\/tr><tr><td><strong>Profit margin of 10 %<\/strong>   <\/td><td>Rs 33969.375   <\/td><td>Rs 30356.48   <\/td><\/tr><tr><td><strong>Total Value of Goods<\/strong>   <\/td><td><br>Rs 373663.125   <\/td><td>Rs 333921.28   <\/td><\/tr><tr><td><strong>VAT of 12.5 %<\/strong>   <\/td><td>Rs 46708   <\/td><td>N\/A   <\/td><\/tr><tr><td><strong>SGST of 6 %<\/strong>   <\/td><td>N\/A   <\/td><td>Rs 20035.28   <\/td><\/tr><tr><td><strong>CGST of 6 %<\/strong>   <\/td><td>N\/A   <\/td><td>Rs 20035.28   <\/td><\/tr><tr><td><strong>Invoice Value to a Retailer<\/strong>   <\/td><td><br>Rs 420371.125   <\/td><td>Rs 373991.84   <\/td><\/tr><\/tbody><\/table>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Conclusion\"><\/span>Conclusion<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>Normally, the process of determining the GST amount for <strong><em><a href=\"https:\/\/swaritadvisors.com\/gst-return-filing\">filing GST Return<\/a><\/em><\/strong> is a bulky and cumbersome task. Moreover, if the registered taxpayer is not aware of the method of calculating the tax amount with <strong><em>IGST, CGST, SGST<\/em><\/strong>, and <strong><em>Cess break-up<\/em><\/strong>, then it will turn out to be an additional headache for him\/her.<\/p>\n\n\n\n<p>However, the <strong><em>Online GST Calculator<\/em><\/strong> is\na <strong><em>robust\nmechanism<\/em><\/strong> that assists in determining the <strong><em>GST payable<\/em><\/strong> in a simple\nand hassle-free way. <\/p>\n\n\n\n<p>In case of any other dilemma and confusion, reach out to <strong><em>Swarit Advisors<\/em><\/strong>, our team of experts will facilitate the process of <strong><em>GST Calculation<\/em><\/strong> for you. Moreover, we can also assist you with <strong><em>GST Registration<\/em><\/strong>, <strong><em>GST Return Filing<\/em><\/strong>, and <strong><em><a href=\"https:\/\/swaritadvisors.com\/gst-migration\">GST Migration<\/a><\/em><\/strong>.<\/p>\n\n\n\n<p class=\"text-left\"><b>Also, Read<\/b>:<mark style=\"background: #fffd03 !important\"><a href=\"https:\/\/swaritadvisors.com\/learning\/composition-scheme-under-gst-act\/\">Composition Scheme under GST Act<\/a><\/mark><\/p>\n","protected":false},"excerpt":{"rendered":"<p>A robust mechanism that helps calculate the GST Amount accurately on various goods and services is known as Online GST Calculator. The only aim behind this device is to show the total amount of the goods and services and the value due as GST. In this blog, we will talk about the concept of GST [&hellip;]<\/p>\n","protected":false},"author":17,"featured_media":11968,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[3],"tags":[807,806],"_links":{"self":[{"href":"https:\/\/swaritadvisors.com\/learning\/wp-json\/wp\/v2\/posts\/11962"}],"collection":[{"href":"https:\/\/swaritadvisors.com\/learning\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/swaritadvisors.com\/learning\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/swaritadvisors.com\/learning\/wp-json\/wp\/v2\/users\/17"}],"replies":[{"embeddable":true,"href":"https:\/\/swaritadvisors.com\/learning\/wp-json\/wp\/v2\/comments?post=11962"}],"version-history":[{"count":8,"href":"https:\/\/swaritadvisors.com\/learning\/wp-json\/wp\/v2\/posts\/11962\/revisions"}],"predecessor-version":[{"id":11978,"href":"https:\/\/swaritadvisors.com\/learning\/wp-json\/wp\/v2\/posts\/11962\/revisions\/11978"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/swaritadvisors.com\/learning\/wp-json\/wp\/v2\/media\/11968"}],"wp:attachment":[{"href":"https:\/\/swaritadvisors.com\/learning\/wp-json\/wp\/v2\/media?parent=11962"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/swaritadvisors.com\/learning\/wp-json\/wp\/v2\/categories?post=11962"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/swaritadvisors.com\/learning\/wp-json\/wp\/v2\/tags?post=11962"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}