Free GST Calculator
Mysa introduces free GST Calculator
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What is GST?
GST, or Goods and Services Tax, is a comprehensive, multi-stage tax levied on the supply of goods and services in India. Implemented on July 1, 2017, through the 101st Amendment of the Constitution, GST replaced a myriad of previous indirect taxes with a singular, unified tax system.
Types of GST
CGST
Levied on transactions occurring within a single state, CGST is collected by the Central Government. It replaces previous central taxes such as Central Excise Duty, Central Sales Tax, and Service Tax.
SGST
Also applicable to intra-state transactions, SGST is collected by the state government. It replaces taxes such as State Sales Tax, Entertainment Tax, VAT, Luxury Tax, etc.
IGST
For inter-state transactions and imports, IGST is levied. It is collected by the Central Government and ensures that the state destination principle is followed. This means the tax revenue goes to the state where the goods or services are consumed.
UTGST
Similar to SGST, this is levied on transactions within a Union Territory without legislature. It is collected by the Union Territory government.
How to use this calculator?
Utilise the complimentary GST calculator for an effortless three-step tax computation process. This tool is equipped with three distinct fields for input, enabling it to automatically determine the GST based on your provided information.
1
Input the cost of the goods or services in the "Amount" field.
2
Specify the GST rate, or the tax slab applicable to your product, in the "GST %" field.
3
Indicate whether the price input is tax-inclusive or tax-exclusive in the "Tax" field.
4
Should the input price be inclusive of tax, the calculator instantly computes and reveals the base price of the goods or services by deducting the GST.
5
Conversely, if the input price is exclusive of tax, the calculator efficiently calculates and presents the total price, inclusive of GST.
GST Rate chart
HSN Code
Description
GST Rate
49119910
Hardcopy (printed) of computer software
12%
85232990
Other for recording sounds
18%
185238020
Discs with information technology software
18%
85238090
Other
18%
85244010
Discs with information technology software
0%
85244011
Magnetic tapes with IT software
0%
85249112
Information technology software on disc or on CD ROM
18%
4911991
Management consulting and management services; information technology services
18%
998311
Consultation in management areas: Finance, strategy, hr, marketing, operations, and logistics
18%
998312
Enterprise advisory services, inclusive of PR consultancy
18%
998313
IT guidance and maintenance services
18%
998314
Designing and formulating its solutions
18%
998315
Services for it system hosting and infrastructure setup
18%
998316
Management of IT systems and networking
18%
998319
Additional IT-related services, not elsewhere classified
18%
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