Smart GST Calculator - Accolet Advisors Private Limited

Sale Price

GST Rate

GST Type

State Type

Tax Breakdown

CGST Amount

SGST Amount

Detailed Breakdown

Enter sale price and select GST type to view breakdown -

Base Amount

GST Amount

GST Calculation Guide

GST Exclusive Calculation

When the price is exclusive of GST, GST is added to the base price.

Formula:
GST Amount = (Value of supply × GST%) ÷ 100
Final Price = Value of supply + GST Amount

Example:
Base Price: ₹1,000
GST Rate: 18%
GST Amount: (1,000 × 18) ÷ 100 = ₹180
Final Price: ₹1,000 + ₹180 = ₹1,180

GST Inclusive Calculation

When the price is inclusive of GST, GST is extracted from the total price.

Formula:
GST Amount = Value of supply - [Value of supply × (100 ÷ (100 + GST%))]
Base Amount = Total Price ÷ (1 + GST% ÷ 100)

Example:
Total Price (Inclusive): ₹1,180
GST Rate: 18%
Base Amount: 1,180 ÷ (1 + 18 ÷ 100) = 1,180 ÷ 1.18 = ₹1,000
GST Amount: ₹1,180 - ₹1,000 = ₹180

For Manufacturers & Wholesalers

Business entities can claim Input Tax Credit (ITC) on purchases and pay net GST.

Manufacturer Formula:
Cost of Product + Profit Margin = Sale Price
GST on Sales - Input Tax Credit = Net GST Payable

Manufacturing Example:
Raw Material Cost: ₹2,00,000 + GST ₹20,000 (Input Tax Credit)
Profit Margin: 10% = ₹20,000
Sale Price: ₹2,20,000
GST on Sales (18%): ₹39,600
Net GST Payable: ₹39,600 - ₹20,000 = ₹19,600

Wholesaler Formula:
Purchase Price + Margin = Selling Price
Output GST - Input GST = Net GST Payable

Frequently Asked Questions

GST Inclusive: The displayed price already includes GST. You pay exactly what you see.
GST Exclusive: GST is added on top of the displayed price. The final amount will be higher than the listed price.

CGST (Central GST): Tax collected by the Central Government for intra-state transactions.
SGST (State GST): Tax collected by State Government for intra-state transactions.
IGST (Integrated GST): Tax collected by Central Government for inter-state transactions.
For intra-state: CGST + SGST = Total GST Rate. For inter-state: IGST = Total GST Rate.

Manufacturers and wholesalers can claim Input Tax Credit (ITC) on GST paid during purchases. This ITC can be used to offset the GST liability on sales, reducing the net tax payable. This eliminates the cascading effect of taxes and makes goods cheaper for end consumers.

Current GST slabs are:
0%: Essential goods like food grains, milk
5%: Household necessities
12%: Standard goods
18%: Most goods and services
28%: Luxury items and automobiles
3%: Gold and precious metals

Intra-State (CGST + SGST): When buyer and seller are in the same state.
Inter-State (IGST): When buyer and seller are in different states or one involves Union Territory. The location of delivery determines this, not the billing address.

Net GST Liability = Output GST (on sales) - Input Tax Credit (on purchases)
If Output GST > Input GST = Pay the difference
If Input GST > Output GST = Claim refund or carry forward the credit
This ensures tax is paid only on the value addition at each stage.

Current GST Rates Reference

Essential goods, educational services

Gold, precious metals

Basic necessities, household items

12%

Standard goods, processed foods

18%

Most goods and services

28%

Luxury items, automobiles