# GST Calculator

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GST stands for Goods and Service tax. For consumption, a tax is applied on the sailing of goods and services that tax is called GST (Goods and Service Tax).

## Methods of applying GST amount

There are two ways to apply the GST;

• GST Exclusive

Tax on the products is added to the actual price. Such a 5% of GST is applied to the product according to the price. It calculates the GST and adds it to the actual price. If the actual price is 200 and the GST amount is 10, so 210 is the net amount.

• GST Inclusive

The actual price remains the actual because the GST is already added to it. In other words, we say that the actual price is mentioned after adding GST. A product the actual price is 210 remains the same because the GST amount is already added to it.

## Steps to Calculate GST by GST Tax Calculator Online

To calculate the GST, follow these steps;

• It gives us 2 choices, inclusive text, and exclusive tax. Select one of them.

• Add the price of the product in the “Amount” text bar.

• Add the GST rate n percentage in the “GST Rate” text bar.

• Then click on calculate button.

• It will show you the calculated results.

Inclusive Tax

Exclusive Tax

• If you still face any difficulty, then click the sample button a get a rough idea.

### Benefits of using GST Calculator

GST calculator helps us in our daily life. We calculate tax anywhere at any time. Some of the benefits are as follows;

• Users calculate taxes and estimate expenses.
• Users can calculate the New GST taxes.
• It helps in your interstate business.

## Products on which no GST applied

Following are some products on which no goods and service tax charge;

• Medical Services
• Education Services
• Food
• Beverages
• Professional Services
• Books, News Paper and Magazines.

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## Frequently Asked Questions (FAQs)

Q: What is GST?

A: GST is the goods and services tax. That is the charge for selling goods and services. The specific percent of the tax is fixed for different products. Which is calculated and added to the product price. Sometimes it is inclusive and sometimes exclusive.

Q: How has to pay GST?

A: The Goods and Service Tax is paid by the buyer and consumers of the products. Generally, tax is the charge on every product except some categories like education, health, and food.

Q: How many ways the tax is calculated?

A: Tax is calculated in two ways.

1. By hand:

You have to use mathematical formulas and do some calculations for finding tax.

1. By GST calculator:

A GST calculator helps the user to just input the amount and GST rate and press calculate button. It gives you results in seconds.

Q: How to use the GST Calculator?

A: To calculate the GST, follow these steps;

• Open https://mytoolsdoctor.com/gst-calculator
• Choose the inclusive text or exclusive tax.
• Add the price of the product in the “Amount” text bar.
• Add the GST rate n percentage in the “GST Rate” text bar.
• Then click on calculate button.
• It will show you the calculated results in seconds.

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