GST Calculator

This GST calculator easily calculates the GST amount of products. Simply enter the amount and GST rate of the country to get instant results.

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Goods and services tax (GST)

GST (Goods and Services Tax) is a type of tax applied to the supply of goods and services. GST is an inclusive tax imposed on the consumption of goods and services applied by that country's Government. It is necessary for organizations to have a GST Identification Number to get registered under GST policy. When any type of transaction is made within states, Integrated GST is charged. Moreover, sales, Central GST, and State GST are levied on intra-state organizations.

Different forms of GST collected by the Government

GST is a type of direct tax charged on goods and services to the people. It is essential for business owners in most of the countries to be a tax return filer to continue their business in the state. Otherwise, they may have to face serious legal consequences. The GST is divided into various other types, and some of them are discussed below.

GSTR-1

This type of GST is based on all the outward supplies of goods or services. It is crucial for a taxpayer to maintain the record of all supplies, as GSTR-1 will be deducted on the basis of this record. This is mostly required to be done by the 10th of the next month.

GSTR-1 is to be submitted by all business owners who are registered under GST. It is required to be filed monthly, except for the businesses that have sales above a certain amount. The small businesses with revenue below a certain amount decided can file GSTR-1 on a quarterly basis.

GSTR-2

GSTR-2 is for recording the inward supplies of goods and services like the sales or purchases during a tax period. The particulars in the GSTR-2 return are mostly auto-populated from the GSTR-2A. Unlike GSTR-2A, you can make changes in GSTR-2.

GSTR-2 is to be filed by all normal taxpayers registered under GST; however, the same filing has been suspended ever since the inception of GST.

GSTR-2A

This is a form of GST that contains all the details of inward supplies of goods and services. For instance, the purchases made by various suppliers, or the services provided to them, etc., during a tax period. It is also crucial to understand here that GSTR-2A is a read-only return.

What is the GST model?

GST model is based on three components;

  • GST at Central (Union)
  • GST at State level
  • GST at both Union and State Levels

However, it is also crucial to find out that either the type of GST is intra-state or inter-state. For better understanding, let's discuss the difference between these two forms of GST.

Intra-State

If the buyer and the supplier's location is in the same state, then the tax that applies to the supply of the goods or services is known as intra-state tax. In Intra-State, a purchaser has to accumulate both CGST and SGST from the buyer.

Inter-State

If the supply of goods or services is being placed within two different states, or if the buyer and the seller are from different states, it will be inter-state. In an Inter-State transaction, a vendor collects IGST from the buyer.

Taxes Subsumed Under the GST

There are many countries in the world where both the Centre and the States have the power to levy and collect taxes. State or Central Governments have discrete responsibilities to perform, for which they are required to raise tax revenue.

Central Tax

The form of tax that is applied by the Central Government on the sales of goods or providing services is known as central tax.

Both the Central and the State governments get agreed on combining their levies with a suitable ratio for revenue sharing between them.

State Tax

State GST is a tax imposed on Intra State supplies of both goods and services by the Government of that state and will be administrated by the SGST Act. However, Central GST will also be charged on the same Intra State supply, but the Central Government will oversee that.

How to Calculate GST amount with our GST Calculator

The conventional method of calculating the GST wasn't an easy task, as you may have to go through all the boring calculations by yourself. But, now, with a GST calculator online, you can save yourself from making all of this effort. The other names of this tool are GST inclusive calculator and GST exclusive calculator. The following simple and easy steps will enable you to use this GST calculator online without any hurdles.

  • Get access to the GST calculator on our tool by visiting https://www.duplichecker.com/gst-calculator.
  • Select GST inclusive, if you want to add GST, otherwise choose GST exclusive to minus GST.
  • Enter the amount for which you want to calculate the GST in the given box.
  • Insert the suitable percentage of GST and then select the country.
  • Now, click on the "Calculate" button to initiate the process.
  • The accurate results will be generated and displayed on your screen within a fraction of seconds.

Advantages of our GST Calculator

Our GST calculator online offers you a plethora of useful features that can help you in estimating the GST amount on your sales. Some of the primary features of this GST Calculator are as follows:

  • There is no need to install any special application to run this GST tax calculator.
  • No sign-up is required.
  • This easy GST calculator supports all the operating systems.
  • It is one of the fastest online tools to calculate GST over the web.
  • GST converter can yield 100% accurate GST calculations.