GST Calculator

Goods and Services Tax (GST) is an indirect tax imposed in India which is levied on the supply of goods and services. GST is a comprehensive, multi-stage, destination-based tax levied on every value addition. GST is effective from 1st July 2017 and subsumed most indirect taxes in the country. Under GST, goods and services are divided into various tax rates and prominent tax rates are as under:

• 0% /Nil – Salt ,fresh milk, natural honey, etc
• 0.25% – Diamond, semi-precious stone, etc
• 3% – Jewellery , coins,etc
• 5% – Cashew nuts, coffee, pizza bread, etc
• 12%- Computers, playing cards,Diesel engines, etc
• 18%- Bidi wrapper leaves, cocoa powder, etc
• 28%- Caffeinated Beverages, tobacco,etc

However, some products such as petroleum products, alcoholic drinks, and electricity are not covered under GST. These products are taxed by the state governments, as per previous tax regime.

GST are categorised as Central Goods and Services Tax (CGST), State Goods and Services Tax (SGST), Union Territory Goods and Services Tax (UTGST) , Integrated Goods and Services Tax (IGST) and GST Compensation cess. IGST is charged for inter-state supplies where the place of supply is in different State compared as to the location of the supplier. Equal rate of CGST and SGST (half the GST rate applicable for IGST) is charged for intrastate supplies where the place of supply is in the same State compared to the location of the supplier.