Calculate GST for business transactions
GST Amount = Base Price × GST Rate. For ₹1000 product at 18% GST: ₹1000 × 0.18 = ₹180 GST. Total invoice = ₹1180. Split equally into CGST and SGST for intra-state sales.
Exclusive: GST added on top (₹1000 + 18% = ₹1180). Inclusive: GST included in shown price (₹1180 contains ₹180 GST). Calculate from inclusive: GST = Price × Rate ÷ (100 + Rate).
ITC = GST paid on purchases used for business. Claim against GST liability on sales. Net payable = Output GST - Input GST. Keep proper invoices and ensure supplier compliance for valid ITC.
IGST applies to inter-state transactions (buyer and seller in different states) and imports. It equals the full GST rate. CGST+SGST (each half the rate) apply to intra-state transactions.
Rates: 0% (essentials), 5% (essential goods), 12% (processed food, computers), 18% (most goods/services), 28% (luxury items). Check the HSN code for exact classification of your product.
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