GST Calculator

GST Calculator is a web-based utility that allows you to calculate GST of goods & services according to the selected region in just a few clicks!

Amount
$
GST
%
Country

If you are wondering about how is GST calculated in just a click? Then you should start using the GST calculator as soon as possible because it gives you instant results. Anyone can use this utility by following the simple steps mentioned below.

  • Get access to the GST calculator online by clicking
    https://searchenginereports.net/gst-calculator
  • Select whether you want GST inclusive or GST exclusive results.
  • Enter the amount for which you need to calculate GST.
  • Select the appropriate percentage of GST.
  • Select the country.
  • Hit the "Calculate GST" button.
  • GST calculates in a second and displays on your screen.

Any type of taxpayer uses these formulas for GST calculations such as business owners, retailers, agents, and wholesalers to add or remove GST to a base amount.

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

Our easy GST calculator offers you the best features that help you to evaluate GST percentage on net sales. The main advantages of using our GST amount calculator are mentioned below:

Clarity & Accuracy

The GST calculator is an easy-to-use tool to calculate GST (Goods and Services Tax) with 100% reliability and accuracy. It reduces the possibilities of human errors in GST calculations and also the results are more clear and comprehensive.

GST % Assistance

Calculation of GST is not a difficult task to do until you have our online GST calculator, it automatically changes GST % or currency according to your selected region.

Saves Time

If GST calculated manually it takes hours or high cost, but our free utility saves your time and cost as well. Start using this productive tool for GST tax calculation.

No Sign up

You can use this GST calculator without facing any hassles. The GST tax calculator on our website doesn’t ask its users to go through any tedious signup procedure.

The GST calculation formula is quite straightforward. A retailer, wholesaler, or businessman can easily calculate GST on the goods after estimating gross profit of goods sold. The formula is:

GST amount = Supply value x GST%

Let’s take a look at an example to fully understand GST:

A crate of soda bottles costs $100 to the manufacturer, and he adds a 20% profit to it. The GST is 5%, so what will be the GST amount charged on soda bottles?

After adding 20% profit to the cost, the soda bottles’ crate price before GST will be $120. After including GST of 5%, the final price that a consumer has to pay would become $126.

In 1954, France became the first country to levy GST. After that, around 160 countries have implied GST on certain goods and services in one way or another. Some of the countries that collect GST are as follows:

  • United Kingdom
  • Italy
  • Australia
  • Nigeria
  • Singapore
  • Vietnam
  • Canada
  • Monaco
  • India
  • Pakistan
  • Spain
  • South Korea
  • Brazil

The rate of goods and sales tax (GST) varies from country to country. However, a unified GST system is used by most countries, which means that a single tax rate is applied throughout the country. The table below shows the GST tax in different countries.

Country GST
Australia 10%
Canada 15%
Italy 22%
Spain 21%
United Kingdom 20%
South Korea 10%
Monaco 19.6%
India 18%

As earlier mentioned, GST is an indirect tax imposed and charged on the consumption of certain goods and services. Three main tax heads come under GST, and they are discussed below.

CGST

CGST is the Central Goods and Services Tax that is covered under the Central Goods and Service Tax Act 2016 of India. The taxes collected under CGST is the revenue for the central government. The central taxes, including central sales tax, central excise duty, and service tax, are covered under CGST.

IGST

IGST stands for integrated goods and services tax, and it falls under the Integrated Good and Service Tax Act 2016 of India. IGST is divided into a ratio decided by the government between central and state governments. This tax is charged on the goods and services that are transferred from one state to another. The import transactions are also charged with IGST.

SGST

State goods and services tax is abbreviated as SGST, and it falls under India’s State Goods and Services Tax Act 2016. The SGST taxes collected are the revenue for the state government. Value-added tax, luxury tax, entertainment tax, etc. fall under SGST.

GST stands for goods and services tax, and it’s applied to most of the goods and services sold for local consumption. GST is a value-added tax that is paid by consumers on the purchase of goods and services. But the government receives it from the businesses who’ve sold them. Usually, the rate of GST remains the same for the whole nation on all types of goods and services it’s being charged on.

The GST is an indirect federal sales tax that is added by the businesses on certain goods and services. The amount paid to the customers for getting the goods or services is inclusive of GST. Some countries also treat GST as VAT (value-added tax).

What is Inclusive GST?

The amount of a product after the addition of GST is known as an inclusive GST value.

What is Exclusive GST?

The amount of a product after the Excluding GST is called exclusive GST.