GST Calculator (CGST, SGST & IGST)
What is GST?
GST (Goods and Services Tax) is a unified indirect tax applied across India on goods and services. It replaced multiple taxes like VAT, Service Tax, and Excise Duty to create a single taxation system.
Types of GST
- CGST: Central tax for intra-state sales
- SGST: State tax for intra-state sales
- IGST: Tax for inter-state transactions
How GST is Calculated
- GST = Amount × Rate / 100
- Remove GST = Amount ÷ (1 + rate)
- CGST & SGST are split equally
Why GST Matters for Businesses
- Ensures compliance with tax laws
- Helps in accurate pricing
- Avoids penalties
- Improves financial planning
Frequently Asked Questions
What is GST?
GST is a single indirect tax applied across India on goods and services.
What is IGST?
IGST is charged on inter-state transactions and collected by the central government.
How do I calculate GST?
You can calculate GST using: Amount × GST Rate ÷ 100.