GST Calculator

GST Calculator India

On March 29, 2017, the GST Act was passed by parliament and implemented on July 1, 2017. It is an indirect tax levied on all goods and services purchased within its jurisdiction. With the introduction of GST, all the multiple taxes such as sales tax, Excise Duty, VAT, etc, were eliminated.

It is mandatory to register for the GST for enterprises operating in India. Once registered, the enterprise will have a GST identification number or GSTIN. Customers have to pay GST on the purchase of goods and services. To understand GST accurately, it is necessary to understand how to compute GST.

How Can a GST Calculator Help You? 

As a consumer, whether you purchase any goods or services, it is taxed under GST. By understanding GST computation, you will understand how much tax you are paying for products and services.

• The GST tax calculator offers you an accurate estimate of the tax amount to need to pay.
• Using the GST calculator, you can save time on the GST calculation.
• It reduces the chances of any fraudulent activities.

Formula to Calculate GST Amount

To calculate GST, there is a standardised method followed. This method includes 2 aspects: adding GST and subtracting GST from the total price of the product.

• Follow the following formula for adding GST:

GST amount = (Price x GST%)

Net price = Cost of the product + GST amount

• Follow the following formula for removing GST from the net price of a product:

GST= Original cost – [Original cost x {100/(100+GST%)}]

Net price = Original cost – GST

How to Use BlinkX GST Calculator Online?

To calculate GST, you can visit the BlinkX website and follow the steps below:

Input the variables, i.e., original cost and GST percentage.

The GST amount will be displayed immediately.

- What is GST Inclusive Amount?

GST inclusive amount means the total value of the product after including the GST amount in the original price. Herein, the tax is not charged separately from the customer since it is already included in the price.

- What is GST Exclusive Amount?

GST Exclusive Amount means the value of the product without GST being included. To calculate this amount, the GST amount is subtracted from the product's GST-inclusive value.

Advantages of Using BlinkX GST Calculator

BlinkX’s GST calculator offers several advantages, such as:

• You can calculate your tax amount.
• You get fast and accurate results.
• You save time and effort.
• You can calculate online from anywhere and at any time.

Disclaimer: This tool provides information for general guidance only and does not offer any warranties, either express or implied, as to the accuracy, completeness, or reliability of the content. Please read all scheme-related documents carefully before investing.