Calculate added or extracted Goods and Services Tax values easily.
Calculate Goods and Services Tax (GST) amounts to add to net prices or extract from gross inclusive product totals easily.
Computes total invoice price when adding GST, or extracts net price and tax portion from gross GST-inclusive prices.
GST is a comprehensive indirect tax levied on manufacture, sale, and consumption of goods and services across India.
Intra-state sales split GST equally into Central GST (CGST) and State GST (SGST). Inter-state transactions attract Integrated GST (IGST).
Essential goods carry 5% GST, standard goods/services carry 12% or 18%, while luxury and demerit items incur 28% GST rate slabs.
To extract net price from GST-inclusive gross amount, divide gross price by (1 + GST rate / 100).
ITC allows businesses to deduct GST paid on business purchases from GST liability collected on sales.
CGST revenue goes to Central Government, SGST revenue goes to State Government. On intra-state sales, applicable GST is divided 50:50.