GST Inclusive Calculator

18 Percent GST Calculator

Are you tired of trying to figure out how much a product costs with or without GST? Look no further.

We have created a calculator that provides product cost including GST and is easy to use. It simplifies calculating GST bills. GST Inclusive Calculator is an online tool that helps users calculate the final cost of a product or service including the GST amount. 

To calculate simply input the amount and choose the GST rate from the provided drop-down menu. Our handy GST Bill calculator helps you find out the total value of a product, including or excluding GST.

What is GST?

Goods and Service Tax was introduced in India on July 1, 2017. GST makes India's tax system simpler by combining many taxes like excise duty, VAT, and service tax into one.

 

GST Pricing Methods

There are two common methods of pricing under GST. They are GST Inclusive and GST Exclusive. GST Inclusive pricing includes all applicable GST charges within the advertised price. GST Exclusive pricing excludes them, leading to higher overall costs. 

 

Benefits of GST Inclusive Pricing:

When products or services include GST in the price, it makes shopping easier for consumers. They can see the price upfront and compare it to other products. This helps them make better choices. Businesses like to use GST Inclusive pricing in retail transactions because it is simple and trustworthy. 

 

However, in B2B transactions, GST Exclusive pricing may be more appropriate based on individual circumstances or locations.

If you want to generate dummy GST numbers for testing purposes then you must try this dummy gst number generator tool for fee.

What Does GST Inclusive Mean?

GST inclusive means that the displayed price already includes the Goods and Services Tax (GST). So, buyers don't have to pay any extra tax when they make the purchase.

If you want to konw the cost of product before tax then use Reverse GST Calculator tool.

 

What is the GST-inclusive amount?

The final price of a product or service after adding the tax is called a GST-inclusive amount. 

 

How to calculate GST inclusive?

Multiply the GST-exclusive price by the GST rate, then add that amount to the initial GST-exclusive price.

 

What is the GST inclusive formula?

Here is the GST Inclusive formula to calculate The GST Inclusive value of a product.

GST Inclusive = GST Exclusive value + (GST rate * GST exclusive value)

For Example:

Let's assume you have a product cost of ₹1,000 with a GST rate of 18%.

GST Exclusive price = ₹1,000; GST rate = 18%

GST Inclusive formula: 

GST Inclusive = GST Exclusive Value + (GST rate * GST exclusive value)

GST Inclusive price = ₹1,000 + (0.18 * ₹1,000)

GST Inclusive price = ₹1,000 + ₹180

GST Inclusive price = ₹1,180

Therefore, the GST-inclusive price of the product will be ₹1,180.

 

What is GST Inclusive and GST Exclusive?

GST Inclusive:

As per the GST Inclusive Definition, the price of the product includes all the applicable taxes including GST. In India, this is the most common way to express prices on the product.

GST Exclusive:

The price of a product does not include all the applicable taxes. This is mostly used for business transactions.

 

Whether MRP is inclusive of GST?

Yes, MRP is inclusive of GST. MRP (Maximum Retail Price) is the highest amount a retailer can charge, including GST (Goods and Services Tax) as mandated by law. Any excess charge can be reported by consumers to the Consumer Affairs department or the manufacturer. Despite potential discounts, MRP sets the upper limit for the selling price.

 

What is the 18 Percent GST Calculator?

18 percent GST calculator helps you to find out the exact amount of a product that comes under the 18% GST rate.