FinCalc - GST, SIP & EMI

GST Calculator

Professional precision for Indian Business.

18% GSTExclusive

Total Amount

₹0.00

Net Amount

₹0.00

Total GST

+₹0.00

CGST₹0.00
SGST₹0.00

What is GST?

Goods and Services Tax

GST is a comprehensive, multi-stage, destination-based indirect tax that is levied on every value addition in India. It replaced multiple cascading taxes levied by the central and state governments. Learn more at the official GST portal.

Implemented On1st July 2017

Core Principle

One Nation,
One Tax

A unified tax system promoting seamless trade across all Indian states and union territories.

Types of GST

GST is divided into four types based on the nature and location of the transaction

1

CGST

Central GST

Collected by Central Government on intra-state sales

2

SGST

State GST

Collected by State Government on intra-state sales

3

IGST

Integrated GST

Collected by Central Government on inter-state sales

4

UTGST

Union Territory GST

Collected in Union Territories without legislature

GST Rate Slabs

Goods and services are categorized into different tax slabs based on their nature. Essential items attract lower rates while luxury goods are taxed higher.

exempt (0%)5%12%18%28%

0%

Exempt

5%

Low

12%

Standard

18%

Standard

28%

High

Input Tax Credit

One of the most significant benefits of GST is the seamless flow of Input Tax Credit across the supply chain. For investment planning, explore our SIP Calculator and EMI Calculator.

  • Claim credit for tax paid on business purchases
  • Reduces cascading effect of taxes
  • Available for goods and services used in business
  • Can be used to pay output tax liability

GST Council

The apex decision-making body that governs and administers GST in India.

  • Constitutional body under Article 279A
  • Chaired by Union Finance Minister
  • Includes Finance Ministers of all states
  • Decides tax rates, exemptions, and procedures
17

Taxes Replaced

by a single unified Good and Services Tax

Central (8)

Excise Duty, Service Tax, CVD, SAD, Additional Excise Duties, Central Surcharges & Cesses

State (9)

VAT, CST, Entry Tax, Octroi, Purchase Tax, Luxury Tax, Entertainment Tax, State Surcharges & Cesses

Note: Customs Duty is not replaced. IGST applies on imports instead of CVD/SAD.

Add GST (Exclusive)

GST = Price × (Rate ÷ 100)

When price is exclusive of GST, add the tax amount to get the final price.

Remove GST (Inclusive)

Price = Total ÷ (1 + Rate/100)

When price already includes GST, extract the original amount using this formula.