GST (Goods and Services Tax) is a comprehensive, multi-stage, destination-based tax applicable on the supply of goods and services. In India, GST aims to unify multiple taxes and provide a simple taxation system. GST Calculator is an important tool that helps businesses and consumers calculate GST. In this article, we will understand all these aspects in detail including the result facts, benefits of Indian GST calculator 2024, and how to calculate Free GST Tax using it.

What is GST calculator?

GST Calculator is an online tool that helps users calculate GST at different rates. This calculator provides simple and fast calculations, helping both businesses and consumers to easily understand the amount of GST.

GST Calculator Result Facts

The GST calculator provides the following key result facts:

1. Price (without GST): The principal amount on which GST will be applied.

2. GST Rate: The percentage rate that will be applied to the good or service. Common rates in India are 5%, 12%, 18%, and 28%.

3. GST amount: The amount which will be as per GST rate applicable on the original price.

4. Total Price (With GST): The total amount that will be after adding GST. This is the sum of the original price and the GST amount.

Benefits of Indian GST Calculator

The GST Calculator has the following major benefits:

1. Exact calculation: This calculator calculates GST accurately and error-free, providing users with correct information.

2. Time-Saving: Instead of manual calculation, using GST calculator saves time and provides faster results.

3. Financial Planning: This calculator helps businesses in their financial planning, allowing them to better manage their budget and tax liability.

4. Simplicity and Convenience: The GST calculator is extremely simple to use and can be used online anytime, anywhere.

5. Comparison of different rates: Using the GST calculator, users can compare different GST rates and understand how different rates will affect their total value.

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How to calculate GST with GST calculator?

The GST calculator is very simple to use. Follow the steps given below:

1. Enter value: First, enter the amount on which you want to apply GST. This amount should be without GST.

2. Enter GST Rate: Enter the rate that will apply to the item or service. For example, 5%, 12%, 18%, or 28%.

3. Calculate: After entering the input data, click the ‘Calculate’ button on the calculator. This will give you information about GST amount and total price (with GST).

Example

Suppose you have purchased an item worth Rs 10,000 and 18% GST is applicable to it. The GST amount and total value calculated using the GST calculator will be as follows:

• Price (without GST): Rs 10,000

• GST Rate: 18%

Total Price=Price+GST Amount Total Price=10000+1800% {Total Price} = 10000 + 1800 Total Price=10000+1800 Total Price=11800% {Total Price} = 11800Total Price=11800

So, after adding 18% GST on an item of Rs 10,000, the total price will be Rs 11,800.

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