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Total Production Cost
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Total Tax
Instantly estimate your GST by using this calculator.
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Cost Of Production
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Below is an example of the original GST Calculator and the result.
Original GST Calculator ExampleNet Price : 5,00,000 GST : 10%
And an example of how the online Buyer GST Calculator works.
Buyer ResultTotal Production Cost : ₹ 5,50,000 CGST : ₹ 25,000 SGST : ₹ 25,000 Total Tax : ₹ 50,000Manufacturer Example
Cost Of Production : 1,00,000 Profit Ratio % : 6 GST % : 8
And an example of how the online Manufacturer GST Calculator works.
Manufacturer ResultCost Of Production : ₹ 1,06,000 CGST : ₹ 4,240 SGST : ₹ 4,240 Total Tax : ₹ 8,480Wholesaler Example
Cost Of Goods : 1,00,000 Profit Ratio % : 5% GST % : 10%
And an example of how the online Wholesaler GST Calculator works.
Wholesaler ResultTotal Production Cost : ₹ 1,05,000 CGST : ₹ 5,250 SGST : ₹ 5,250 Total Tax : ₹ ₹ 10,500
GST calculator is a handy ready-to-use online calculator to compute the GST payable for a month or quarter. The simplified GST calculator helps you determine the gross or net product price on percentage-based GST rates.
Today we will see how to use yttags Tax GST Calculator. The goods and service tax GST is an indirect tax which is levied on supply of goods and services in India. The GST came into effect on 1st July 2017 and it replaced most of India taxes in India. Under GST goods and services are divided into distinct tax rate slabs such as 0%, 5%, 12%, 18% and 28%.
You can easily use this calculator by following simple steps.
If you are a buyer or recipient, enter the net price of goods or services. If you are a manufacturer, enter the cost of production and profit ratio. If you are a wholesaler, enter the cost of goods and profit ratio.
Along with above details, also enter the applicable GST rate such as 5%, 12%, 18% or 28%.
yttags Tax GST Calculator displays the tax under each head i.e. CGST amount and SGST amount. Also it displays final or gross price of the goods or services to be billed. If you are doing an interstate transaction, you can add both the CGST and SGST values and consider the result as IGST.
The simplified GST Calculator helps you determine final or gross price of product or service. It helps in accurate bifurcation of tax between CGST and SGST.
The GST Calculator saves time and reduces chances of human error while computing the total cost of goods or services.
Goods and services tax (GST) calculator:
GST tax calculationDifferent forms of GST collected by the government are:
GST Amount = ( Original Cost * GST% ) / 100 Net Price = Original Cost + GST AmountRemove GST
GST Amount = Original Cost – (Original Cost * (100 / (100 + GST% ) ) ) Net Price = Original Cost – GST Amount
Particulars | Cost | Tax @10% | Tax liability to be deposited to the government | Invoice Total |
---|---|---|---|---|
Manufacturer | ₹1,000 | ₹100 | ₹100 | ₹1,100 |
Warehouse adds ₹250 for labelling & packaging | ₹1,250 | ₹125 | ₹25 | ₹1,375 |
Advertisement cost of ₹300 added by the retailer | ₹1,550 | ₹155 | ₹30 | ₹1,705 |
Total | ₹1,550 | ₹1,705 |
Particulars | Rate(%) | Amount |
---|---|---|
Invoice value | 12% | 100,000 |
GST | 12,000 | |
Price to be charged on the Invoice | 112,000 |
Particulars | Rate(%) | Amount Pre-GST | Amount under GST |
---|---|---|---|
Cost of the product | – | 200,000 | 200,000 |
Profit | 10.00% | 20,000 | 20,000 |
Excise Duty | 12.50% | 27,500 | Nil |
Total | – | 247,500 | 220,000 |
VAT | 12.50% | 30,938 | Nil |
CGST | 6% | Nil | 13,200 |
SGST | 6% | Nil | 13,200 |
Final Invoice to the wholesaler | – | 278,438 | 246,400 |
Particulars | Rate(%) | Amount Pre-GST | Amount under GST |
---|---|---|---|
Cost of the product | – | 278,438 | 246,400 |
Profit | 10% | 27,844 | 24,640 |
Total | – | 306,282 | 271,040 |
VAT (Rs. 306282 x 12.5%) – (Credit on VAT paid above Rs. 30,938) | 12.50% | 7,347 | Nil |
CGST (Rs. 271040 x 6%) – (Credit on CGST paid above Rs.13,200) | 6% | Nil | 3,062 |
SGST (Rs. 271040 x 6%) – (Credit on SGST paid above Rs.13,200) | 6% | Nil | 3,062 |
Final Invoice to the end-consumer | – | 313,629 | 277,164 |