GST Calculator
Calculate CGST, SGST, and IGST breakdown instantly.
Frequently Asked Questions
What is GST and how does it work?
Goods and Services Tax (GST) is an indirect tax used in India on the supply of goods and services. it is a comprehensive, multi-stage, destination-based tax.
What are the common GST slabs in India?
The primary GST slabs are 5%, 12%, 18%, and 28%. Some essential items are taxed at 0%, while gold is taxed at 3%.
How is GST calculated on a product?
To add GST: `Amount + (Amount x GST% / 100)`. To find the base price from a GST-inclusive price: `[Price / (1 + GST%/100)]`.
What is the difference between CGST, SGST, and IGST?
CGST & SGST are charged on intra-state sales (within the same state) and are split between Central and State govts. IGST is charged on inter-state sales.
Is GST compulsory for small businesses?
Businesses with an annual turnover of over ₹40 Lakhs (₹20 Lakhs for services or North-Eastern states) must register for GST.
Can I claim GST back on my purchases?
Yes, registered businesses can claim 'Input Tax Credit' (ITC) for the GST paid on business-related purchases to offset their final tax liability.
Does your calculator handle different GST slabs?
Yes, you can select any slab or enter a custom percentage to calculate the tax and total amount instantly.
How do I calculate GST on services?
Most services in India (like consulting or SaaS) fall under the 18% GST slab. Enter your service fee to see the tax component.
What is the GST composition scheme?
It's a simplified scheme for small taxpayers where they pay a fixed percentage of turnover as GST and have fewer compliance requirements.
Is late filing of GST penalized?
Yes, late filing of GST returns attracts interest and late fees per day as per the current government regulations.