Rate Calculator

'Rate Calculator'

The GST or Goods and Services Tax is the indirect tax which is imposed on the supply of goods and services in India. GST is a single taxation system in India that has replaced all the other indirect taxes in the country. It is a comprehensive tax imposed on the manufacturing, sale and consumption of goods and services all over the country. Every business entity either small or large, is required to have a GST Identification Number (GSTIN) to get registered under the GST policy regime. Whenever the business makes any sort of sales transaction within the Indian states (Inter-state), Integrated GST will be charged; whereas for any intra-state sales, Central GST and State GST will be charged.

GST Calculation

With the implementation of this unified taxation system, it has become possible for the taxpayers to know the imposed tax at different points for various goods and services under the GST regime. For the calculation of GST, the taxpayer should know the GST rate applicable to various categories. The different slabs for GST are Nil, 5%, 12%, 18% and 28%. Here is an example for the GST calculation:- If a goods or services is sold at Rs. 100 and the GST rate applicable is 18%, then the net price calculated will be = 100+ (100*(18/100)) = 100+18 = Rs. 118. GSTaidonline provides a dedicated and professional Rate Calculator tool that helps in advanced and easy GST calculation. The users can avail the benefits of our tool to know the correct calculation provided that the details provided are accurate.

'How to calculate the rates of GST with the Rate Calculator? '

The taxable users who wants to know their total payable amount in advance, can calculate the rate of GST on goods and services with the help of our calculator service for free! No amount is charged for this service and user can know the amount of tax to be paid before making the payment for any item. Below we have provided the steps to be followed for calculating GST through our Rate Calculator Tool:

  • Step 1: Select Rate Calculator from our homepage or from our services tab.
  • Step 2: Enter the name and mobile number/Email ID, according to your convenience.
  • Step 3: Select regular or composite dealer, to know the applicable rate on an item. This will help our users to select the reliable seller for purchasing an item since the GST rates are less for the composite dealers as compared to the regular dealers.
  • Step 4: For the regular dealer, choose the seller and buyer state for the applicability of CGST, SGST/UTGST or IGST.
  • Step 5: Select the item from the drop down menu and next, enter the taxable value (in INR).
  • Step 6: Then click on the “Submit” option to know the calculated rates.
  • Step 7: While selecting composite dealer, click on the type of composite dealer from the options (Manufacturer, Food Supplier or Retailer) for the applicable rates. Then, select the seller state and fill in the taxable value (in INR) for rates calculation.

'What is GST Inclusive amount? '

GST inclusive amount is the total value of a goods or services, after the GST amount has been included in the original value of the same. Users must make a note that tax is not charged separately from any customer.

'What is GST Exclusive amount?'

GST Exclusive amount is the value of a good or service, after the GST amount has been subtracted from the GST Inclusive Value of the same.