Menu
Menu
GST Amount:
₹ 0Total Cost Amount
₹ 0
The government collects various forms of GST, which include:
How is GST Calculated
In the new unified tax system, taxpayers can easily determine the taxes imposed at different stages for a variety of goods and services under the GST framework. To calculate GST, taxpayers need to be aware of the applicable GST rates for different categories, which include 5%, 12%, 18%, and 28%.
GST calculation can be exemplified through a straightforward scenario:
Suppose a good or service is sold for Rs. 1,000, and the applicable GST rate is 18%. The calculation would be as follows:
Net Price = 1,000 + (1,000 x (18/100)) = 1,000 + 180 = Rs. 1,180.
GST Calculation Equation
To calculate GST, taxpayers can employ the following method:
Adding GST to the base amount:
1.Calculate GST Amount: GST Amount = (Original Cost * GST%) / 100
2.Calculate Net Price: Net Price = Original Cost + GST Amount
Subtracting GST from the base amount:
1. Calculate GST Amount to Remove GST: GST Amount = Original Cost – (Original Cost * (100 / (100 + GST%)))
2. Calculate Net Price after Removing GST: Net Price = Original Cost – GST Amount
How to Use HLF GST Calculation Tool
we provide taxpayers with a dedicated and professional GST Calculator tool, making the calculation of GST a breeze. Whether you need to calculate GST inclusive or GST exclusive amounts with varying GST rates, our tool has you covered.
Follow these simple steps to calculate GST using our GST Calculation Tool:
Step 1:
Enter the original amount in the input field.
Step 2:
Select GST Inclusive or GST Exclusive based on your requirement using the provided radio buttons
Step 3: Choose the GST rate from the dropdown menu list.
Step 4:
Click the “Calculate GST” button to see the results. The tool will display the total GST amount and the GST Amount/Total-GST amount according to your original requirement.
With our user-friendly GST Calculation Tool, accurate GST calculations are just a few clicks away.
GST Inclusive Amount
The GST Inclusive Amount represents the complete cost of a product or service, which incorporates the GST tax within the original price. In this scenario, the tax is not presented as a separate charge to the customer; it is included in the overall price, making it the final amount paid by the customer.
GST Exclusive Amount
The GST Exclusive Amount signifies the value of a product or service after deducting the GST tax from the GST Inclusive value. In this case, the GST amount is itemized and separated from the total, allowing customers to see the specific tax portion that is included in the overall cost.
© Copyright 2024 HINDUJA LEYLAND FINANCE. All Rights Reserved.
Optimized by Seraphinite Accelerator