Get Instant Access to GST Numbers via PAN
Get Instant Access to GST Numbers via PAN
Get Instant Access to GST Numbers via PAN
Instantly Search and Verify the GSTIN and other details linked to a PAN
Last updated : Mon, 6th Sep 2024
Instantly Search and Verify the GSTIN and other details linked to a PAN
Instantly Search and Verify the GSTIN and other details linked to a PAN
Last updated : Mon, 6th Sep 2024
Last updated : Mon, 6th Sep 2024
Over 1 million GSTIN's verified successfully
Over 1 million GSTIN's verified successfully
Over 1 million GSTIN's verified successfully
GST number search by PAN tool is a one-click GST verification tool designed to help businesses and individuals verify the GST number registration details of their suppliers, customers or dealers. You can now instantly search, check and carry out GST verification by entering the PAN number of a supplier or customer.
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TABLE OF CONTENT
Related GST Tools to
Help Your Business
Related GST Tools to
Help Your Business
Related GST Tools to
Help Your Business
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01
What is a PAN in GST?
The PAN (Permanent Account Number) of an individual or a business is part of the GSTIN (Goods & Service Tax Identification Number). The GSTIN is a unique 15-digit number consisting of state code, PAN, entity code, and check digit.
The GSTIN is a unique identification number allotted to each taxpayer (GST registered business, firm, dealer, supplier, business entity) once they have registered under the GST regime in India.
02
How to use the Razorpay GST Search by PAN Tool?
Step 1
Enter the requisite PAN of a business or taxpayer in the above search box
Step 2
Click on the “Search” button.
Step 3
Check the list of all the GSTIN numbers associated with the PAN, along with the state in which the particular GSTIN is registered and the status of the GSTIN (Active or Inactive)
03
How to interpret the results of a GST search by PAN?
A GST search by PAN yields a list of GSTINs associated with that PAN of the entity or business along with the status of the GSTIN in each state where the business operates.
The status of a GSTIN helps you understand if the business has been active or inactive currently. A business can have multiple GSTINs as they can operate in multiple states across India.
You can also get further details of a registered business by clicking on any GSTIN, the page will redirect to our ‘GST Number Search Tool’ with the GSTIN auto-filled and details of the registered business such as the legal name of the business, status, date of registration, business type, etc. with the specific GSTIN will be displayed.
Benefits of searching GSTIN by PAN
Consumers can verify the legitimacy of a business simply by using the GSTIN search by PAN tool. They can also use the GSTIN by PAN to locate the state in which your vendor’s business is active. Dealers can avoid any potential errors by verifying the GST number via the PAN.
Benefits of searching GSTIN by PAN
Consumers can verify the legitimacy of a business simply by using the GSTIN search by PAN tool. They can also use the GSTIN by PAN to locate the state in which your vendor’s business is active. Dealers can avoid any potential errors by verifying the GST number via the PAN.
04
How to Interpret GST Identification Number Format from PAN?
The GST number has 15 digits :
• The first 2 numbers are the State code of the registered person.
• The next 10 characters are the PAN.
• The next number is the entity number, describing the number of registrations done by the business entity within the state.
• The next character is the character Z by default.
• The last number is a check code, used to check for errors.
05
How to search GSTIN by PAN?
The GST number has 15 digits :
Step 1
Visit the GST Portal
Step 2
Click on the “Search Taxpayer” tab.
Step 3
Select “Search by PAN” option.
Step 4
Enter the PAN number of the dealer and captcha code reflecting on the screen.
Step 5
Click on “Search” to get the details of the GSTIN registration held against the PAN.
06
Why is it necessary to verify GSTIN
1. Authenticity and Validity of a Business
Verification of a GSTIN helps with establishing the authenticity of the business or taxpayer under GST. The active status of a GSTIN also validates the operations of a business or customer.
2. Preventing Fraud and Tax Evasion:
Fake Invoices
GSTIN verification can potentially identify fraudulent invoices issued by unregistered entities or businesses without valid GST numbers.
Input Tax Credit (ITC) Fraud
It confirms if the said Input tax credit claims are not based on fake invoices and are passed to the right buyers.
Tax Evasion
Validating a GST allows GST authorities to identify businesses that are not paying the correct amount of taxes.
3. Claiming Input Tax Credit
Validating Invoices
Businesses can claim Input Tax Credit (ITC) only if the invoices are issued by GST registered suppliers or customers.
Input Tax Credit (ITC) Fraud
Verifying GSTINs helps maintain accurate records for tax purposes which are visible while verifying GSTIN on the GST portal.
4. Compliance with GST Regulations
Mandatory Verification
As per the GST Act 2017, GST regulations require businesses to verify the GSTINs of their suppliers and customers.
Penalty Avoidance
Failure to authenticate GSTINs can lead to penalties and legal consequences for taxpayers.
5. Enhancing Tax Administration
Data Accuracy & Tax Collection
GSTIN validation helps maintain a clean and accurate database of taxpayers.
07
Common errors in GST search by PAN and how to resolve them
Common errors include entering an incorrect PAN or a PAN linked to someone other than the registered person. These errors can be resolved by re-entering the PAN correctly or verifying the identity of the registered person.
HELPLINE NUMBER
1800-103-4786
1800-103-4786
1800-103-4786
OTHER CALCULATORS
OTHER CALCULATORS
TABLE OF CONTENT
01
What is a PAN in GST?
The PAN (Permanent Account Number) of an individual or a business is part of the GSTIN (Goods & Service Tax Identification Number). The GSTIN is a unique 15-digit number consisting of state code, PAN, entity code, and check digit.
The GSTIN is a unique identification number allotted to each taxpayer (GST registered business, firm, dealer, supplier, business entity) once they have registered under the GST regime in India.
02
How to use the Razorpay GST Search by PAN Tool?
1
Enter the requisite PAN of a business or taxpayer in the above search box
2
Click on the “Search” button.
3
Check the list of all the GSTIN numbers associated with the PAN, along with the state in which the particular GSTIN is registered and the status of the GSTIN (Active or Inactive)
03
How to interpret the results of a GST search by PAN?
A GST search by PAN yields a list of GSTINs associated with that PAN of the entity or business along with the status of the GSTIN in each state where the business operates.
The status of a GSTIN helps you understand if the business has been active or inactive currently. A business can have multiple GSTINs as they can operate in multiple states across India.
You can also get further details of a registered business by clicking on any GSTIN, the page will redirect to our ‘GST Number Search Tool’ with the GSTIN auto-filled and details of the registered business such as the legal name of the business, status, date of registration, business type, etc. with the specific GSTIN will be displayed.
Benefits of searching GSTIN by PAN
Consumers can verify the legitimacy of a business simply by using the GSTIN search by PAN tool. They can also use the GSTIN by PAN to locate the state in which your vendor’s business is active. Dealers can avoid any potential errors by verifying the GST number via the PAN.
04
How to Interpret GST Identification Number Format from PAN?
The GST number has 15 digits :
• The first 2 numbers are the State code of the registered person.
• The next 10 characters are the PAN.
• The next number is the entity number, describing the number of registrations done by the business entity within the state.
• The next character is the character Z by default.
• The last number is a check code, used to check for errors.
05
How to search GSTIN by PAN?
The GST number has 15 digits :
1
Visit the GST Portal
2
Click on the “Search Taxpayer” tab.
3
Select “Search by PAN” option.
4
Enter the PAN number of the dealer and captcha code reflecting on the screen.
3
Click on “Search” to get the details of the GSTIN registration held against the PAN.
06
Why is it necessary to verify GSTIN
1. Authenticity and Validity of a Business
Verification of a GSTIN helps with establishing the authenticity of the business or taxpayer under GST. The active status of a GSTIN also validates the operations of a business or customer.
2. Preventing Fraud and Tax Evasion:
Fake Invoices
GSTIN verification can potentially identify fraudulent invoices issued by unregistered entities or businesses without valid GST numbers.
Input Tax Credit (ITC) Fraud
It confirms if the said Input tax credit claims are not based on fake invoices and are passed to the right buyers.
Tax Evasion
Validating a GST allows GST authorities to identify businesses that are not paying the correct amount of taxes.
3. Claiming Input Tax Credit
Validating Invoices
Businesses can claim Input Tax Credit (ITC) only if the invoices are issued by GST registered suppliers or customers.
Input Tax Credit (ITC) Fraud
Verifying GSTINs helps maintain accurate records for tax purposes which are visible while verifying GSTIN on the GST portal.
4. Compliance with GST Regulations
Mandatory Verification
As per the GST Act 2017, GST regulations require businesses to verify the GSTINs of their suppliers and customers.
Penalty Avoidance
Failure to authenticate GSTINs can lead to penalties and legal consequences for taxpayers.
5. Enhancing Tax Administration
Data Accuracy & Tax Collection
GSTIN validation helps maintain a clean and accurate database of taxpayers.
07
Common errors in GST search by PAN and how to resolve them
Common errors include entering an incorrect PAN or a PAN linked to someone other than the registered person. These errors can be resolved by re-entering the PAN correctly or verifying the identity of the registered person.
HELPLINE NUMBER
1800-103-4786
LOG/ TRAC YOUR ISSUE
RELATED ARTICLES
OTHER CALCULATORS
Frequently Asked Questions
How can I know my GST number through a PAN card?
The calculation of interest and late fees on GST depends on specific GST Act and Rules, the tax period, and the amount of tax due.
1
Visit the Official GST Portal:
1.1
Go to the official GST portal website.
1.2
On the homepage, you'll find a "Search Taxpayer" tab. Click on it.
2
Search by PAN:
2.1
In the "Search by" dropdown menu, select "Search by PAN".
3
Visit the Official GST Portal:
3.1
Enter the PAN number for which you want to find the GSTIN.
3.2
Enter the captcha code displayed on the screen.
4
Click Search
4.1
Click on the "Search" button to initiate the search process.
5
View GSTIN Details
5.1
If the PAN is linked to a GSTIN, the search results will display the GSTIN along with other details such as the legal name of the taxpayer, trade name (if any), state jurisdiction, and the date of registration.
5.2
If you have multiple businesses registered under the same PAN, the search results will display all the associated GSTINs.
Is it possible to search for a GST number without a PAN?
It is possible to search for a GST number without a PAN.
Direct GSTIN Search: You can directly search for a GSTIN on the GST portal or through Razorpay GST Search Tool. This method requires the exact GSTIN number.
Business Name Search: Some online tools allow you to search for a GSTIN by entering the business name. However, this method might not always be accurate, as multiple businesses might have similar names.
What should I do if I encounter an error while searching for a GST number using my PAN?
If you encounter an error while searching for a GST number using the PAN, check if you have entered the correct PAN and if the PAN is the one linked to the registered person.
Is it mandatory for businesses to have a PAN for GST registration?
The PAN (Permanent Account Number) serves as a unique identifier for taxpayers in India, hence it is essential for linking to the GSTIN (Goods and Services Tax Identification Number). To register for GST, businesses must possess a valid Business PAN. This ensures that the tax authorities can accurately identify and track the taxpayer's activities.
Who can use a GST calculator?
Anyone who deals with goods and services in India can use a GST calculator.
This includes:
1
Businesses
1.1
Retails
1.2
Wholesalers
1.3
Manufacturers
1.4
Service providers
2
Individuals
2.1
Consumers
2.2
Freelancers
2.3
Small business owners
How can I calculate my GST?
GST calculation can be done based on the applicable GST Rate, exclusive price or inclusive price. For Exclusive GST Amount = (Selling Price x GST Rate) / 100. Here, the Selling Price is determined by adding the Cost Price and Profit percentage.
The calculator considers the selling price, representing the total value of goods or services subject to GST, and the GST rate, which is applicable based on the GST rate slab for the goods or services.
For GST on an Inclusive Price:
1
GST is Original Price = Inclusive Price / (1 + GST Rate/100)
2
Therefore the GST Amount is Inclusive Price - Original Price
How can a buyer use a GST calculator?
A buyer can use a GST calculator to quickly and accurately determine the final cost of a product or service, excluding the applicable GST amount, so that they can understand the applicable GST rate on the goods and services purchased.
This can be done in 2 simple steps below:
1
Original Price = Inclusive Price / (1 + GST Rate/100)
2
GST Amount = Inclusive Price - Original Price
How can a manufacturer or wholesaler use the GST Calculator?
For Wholesalers and manufacturers it is crucial to calculate the final selling price of the product after adding the manufacturing cost and the profit ratio
This can be done in 2 simple steps below:
1
GST Amount = Original Price * (GST Rate % / 100)
2
Total Amount (including GST) = Amount Excluding GST + GST Amount.
On what value is GST Calculated?
GST is usually calculated on the original price of a product or service after including the profit ratio. This gives the selling price including GST. On the other hand, we can also calculate the GST amount out of the total amount in case a product or service has been bought.
How to calculate GST interest?
When a taxpayer fails to pay GST on time, they are liable to pay interest on the outstanding amount. This interest is calculated on a daily basis from the due date of the return until the date of payment.
If the business fails to pay the GST amount by July 10th, the interest would be calculated from the due date of June 20th until the payment date. So, for the 20-day delay, the interest would be Rs. 492 (Rs. 50,000 x 18% per annum x 20 days / 365 days).
How to calculate GST on gross amount?
To calculate GST percentage on the total gross amount, simply multiply the total amount by GST% For example, if the total amount is Rs. 1000, the GST amount would be Rs. 180 for 18% GST. (1000 x 0.18).
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Razorpay is the only payments solution in India that allows businesses to accept, process and disburse payments with its product suite. It gives you access to all payment modes including credit card, debit card, netbanking, UPI and popular wallets including JioMoney, Mobikwik, Airtel Money, FreeCharge, Ola Money and PayZapp.
RazorpayX supercharges your business banking experience, bringing effectiveness, efficiency, and excellence to all financial processes. With RazorpayX, businesses can get access to fully-functional current accounts, supercharge their payouts and automate payroll compliance.
Manage your marketplace, automate bank transfers, collect recurring payments, share invoices with customers and avail working capital loans - all from a single platform. Fast forward your business with Razorpay.
Disclaimer: The RazorpayX powered Current Account and VISA corporate credit card are provided by RBI licensed banks. Your RazorpayX powered current account is provided by our partner banks i.e, ICICI, RBL, Yes bank, in accordance with RBI regulations. RazorpayX itself is not a bank and doesn't hold or claim to hold a banking license.
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DEVELOPERS
SOLUTIONS
COMPANY
HELP & SUPPORT
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Razorpay Software Private Limited,1st Floor, SJR Cyber,22 Laskar Hosur Road, Adugodi,Bengaluru, 560030,Karnataka, India CIN:U72200KA2013PTC097389 © Razorpay 2024 All Rights Reserved
Razorpay is the only payments solution in India that allows businesses to accept, process and disburse payments with its product suite. It gives you access to all payment modes including credit card, debit card, netbanking, UPI and popular wallets including JioMoney, Mobikwik, Airtel Money, FreeCharge, Ola Money and PayZapp.
RazorpayX supercharges your business banking experience, bringing effectiveness, efficiency, and excellence to all financial processes. With RazorpayX, businesses can get access to fully-functional current accounts, supercharge their payouts and automate payroll compliance.
Manage your marketplace, automate bank transfers, collect recurring payments, share invoices with customers and avail working capital loans - all from a single platform. Fast forward your business with Razorpay.
Disclaimer: The RazorpayX powered Current Account and VISA corporate credit card are provided by RBI licensed banks. Your RazorpayX powered current account is provided by our partner banks i.e, ICICI, RBL, Yes bank, in accordance with RBI regulations. RazorpayX itself is not a bank and doesn't hold or claim to hold a banking license.
ACCEPT PAYMENTS
PAYROLL
BECOME A PARTNER
DEVELOPERS
SOLUTIONS
COMPANY
HELP & SUPPORT
FIND US ONLINE
REGD. OFFICE ADDRESS
Razorpay Software Private Limited,1st Floor, SJR Cyber,22 Laskar Hosur Road, Adugodi,Bengaluru, 560030,Karnataka, India CIN:U72200KA2013PTC097389 © Razorpay 2024 All Rights Reserved
Razorpay is the only payments solution in India that allows businesses to accept, process and disburse payments with its product suite. It gives you access to all payment modes including credit card, debit card, netbanking, UPI and popular wallets including JioMoney, Mobikwik, Airtel Money, FreeCharge, Ola Money and PayZapp.
RazorpayX supercharges your business banking experience, bringing effectiveness, efficiency, and excellence to all financial processes. With RazorpayX, businesses can get access to fully-functional current accounts, supercharge their payouts and automate payroll compliance.
Manage your marketplace, automate bank transfers, collect recurring payments, share invoices with customers and avail working capital loans - all from a single platform. Fast forward your business with Razorpay.
Disclaimer: The RazorpayX powered Current Account and VISA corporate credit card are provided by RBI licensed banks. Your RazorpayX powered current account is provided by our partner banks i.e, ICICI, RBL, Yes bank, in accordance with RBI regulations. RazorpayX itself is not a bank and doesn't hold or claim to hold a banking license.
ACCEPT PAYMENTS
PAYROLL
BECOME A PARTNER
DEVELOPERS
SOLUTIONS
COMPANY
HELP & SUPPORT
FIND US ONLINE
REGD. OFFICE ADDRESS
Razorpay Software Private Limited,1st Floor, SJR Cyber,22 Laskar Hosur Road, Adugodi,Bengaluru, 560030,Karnataka, India CIN:U72200KA2013PTC097389 © Razorpay 2024 All Rights Reserved
About the author
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua.
About the author
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua.
Frequently Asked Questions
How to Calculate Reverse GST Amount?
Reverse GST is a mechanism where the recipient of a supply rather than the supplier is liable to pay GST. This is typically applicable in specific situations where you are buying or importing certain goods or services.
1
Identify the Total Invoice Amount: This is the total amount you've been billed, including the GST.
2
Determine the Applicable GST Rate: Identify the GST rate applicable to the transaction.
3
Calculate the Original Price (Exclusive of GST)
Formula for Calculating Reverse GST amount.
Original Price = Total Invoice Amount / (1 + GST Rate/100)
Reverse GST Amount = Total Invoice Amount - Original Price
How to Calculate Interest and Late Fee on GST?
The calculation of interest and late fees on GST depends on specific GST Act and Rules, the tax period, and the amount of tax due.
1
Late Fee
1.1
Daily Late Fee: This is a fixed amount charged for each day of delay in filing the GST return. The rate varies based on the taxpayer's turnover applicable in the year or quarter.
1.2
Maximum Late Fee: There's a maximum limit to the total late fee that can be imposed, which depends on the turnover too.
2
Interest
2.1
Interest Rate: The interest rate is usually a prescribed rate at 18% per annum.
2.2
Interest Calculation: The interest is calculated on the outstanding tax liability for each day of delay.
GST Late Fee & Interest Formula
Interest & Late Fee Calculation = (Outstanding Tax Liability * Interest Rate * Number of Days of Delay) / 365
Assume you have a GST liability of Rs. 2,00,000 for a particular tax period. The due date for filing the return was 20th July, but you filed it on 10th August. The daily late fee is Rs. 100, and the interest rate is 18% per annum.
• Late Fee: 21 days * Rs. 100/day = Rs. 2,100
• Interest: (Rs. 2,00,000 * 18% * 21 days) / 365 ≈ Rs. 2071
Total Amount Payable:
• Original Tax Liability: Rs. 2,00,000
• Late Fee: Rs. 2,100
• Interest: Rs. 2071
Total: Rs. 204,171
What is a GST calculator?
An Online GST calculator is a tool used to determine the amount of Goods and Services Tax (GST) applicable to a particular supply of goods or services done within India. The GST Calculator simplifies complex tax calculations, making it easier for individuals and businesses to understand and apply GST to purchase and supply of goods and services.
What is the percentage of GST in India?
India has a multi-tier GST structure with different rates for various goods and services. There are four main GST slabs: 5%, 12%, 18%, and 28%.
0%
Essential items like fresh vegetables, milk, etc.
5%
Basic necessities like food grains, medicines, etc.
12%
Standard goods and services.
18%
Most consumer goods and services.
28%
Luxury goods and sin products like cars, tobacco, etc.
Who can use a GST calculator?
Anyone who deals with goods and services in India can use a GST calculator.
This includes:
1
Businesses
1.1
Retails
1.2
Wholesalers
1.3
Manufacturers
1.4
Service providers
2
Individuals
2.1
Consumers
2.2
Freelancers
2.3
Small business owners
How can I calculate my GST?
GST calculation can be done based on the applicable GST Rate, exclusive price or inclusive price. For Exclusive GST Amount = (Selling Price x GST Rate) / 100. Here, the Selling Price is determined by adding the Cost Price and Profit percentage.
The calculator considers the selling price, representing the total value of goods or services subject to GST, and the GST rate, which is applicable based on the GST rate slab for the goods or services.
For GST on an Inclusive Price:
1
GST is Original Price = Inclusive Price / (1 + GST Rate/100)
2
Therefore the GST Amount is Inclusive Price - Original Price
How can a buyer use a GST calculator?
A buyer can use a GST calculator to quickly and accurately determine the final cost of a product or service, excluding the applicable GST amount, so that they can understand the applicable GST rate on the goods and services purchased.
This can be done in 2 simple steps below:
1
Original Price = Inclusive Price / (1 + GST Rate/100)
2
GST Amount = Inclusive Price - Original Price
How can a manufacturer or wholesaler use the GST Calculator?
For Wholesalers and manufacturers it is crucial to calculate the final selling price of the product after adding the manufacturing cost and the profit ratio
This can be done in 2 simple steps below:
1
GST Amount = Original Price * (GST Rate % / 100)
2
Total Amount (including GST) = Amount Excluding GST + GST Amount.
On what value is GST Calculated?
GST is usually calculated on the original price of a product or service after including the profit ratio. This gives the selling price including GST. On the other hand, we can also calculate the GST amount out of the total amount in case a product or service has been bought.
How to calculate GST interest?
When a taxpayer fails to pay GST on time, they are liable to pay interest on the outstanding amount. This interest is calculated on a daily basis from the due date of the return until the date of payment.
If the business fails to pay the GST amount by July 10th, the interest would be calculated from the due date of June 20th until the payment date. So, for the 20-day delay, the interest would be Rs. 492 (Rs. 50,000 x 18% per annum x 20 days / 365 days).
How to calculate GST on gross amount?
To calculate GST percentage on the total gross amount, simply multiply the total amount by GST% For example, if the total amount is Rs. 1000, the GST amount would be Rs. 180 for 18% GST. (1000 x 0.18).
Frequently Asked Questions
How to Calculate Reverse GST Amount?
Reverse GST is a mechanism where the recipient of a supply rather than the supplier is liable to pay GST. This is typically applicable in specific situations where you are buying or importing certain goods or services.
1
Identify the Total Invoice Amount: This is the total amount you've been billed, including the GST.
2
Determine the Applicable GST Rate: Identify the GST rate applicable to the transaction.
3
Calculate the Original Price (Exclusive of GST)
Formula for Calculating Reverse GST amount.
Original Price = Total Invoice Amount / (1 + GST Rate/100)
Reverse GST Amount = Total Invoice Amount - Original Price
How to Calculate Interest and Late Fee on GST?
The calculation of interest and late fees on GST depends on specific GST Act and Rules, the tax period, and the amount of tax due.
1
Late Fee
1.1
Daily Late Fee: This is a fixed amount charged for each day of delay in filing the GST return. The rate varies based on the taxpayer's turnover applicable in the year or quarter.
1.2
Maximum Late Fee: There's a maximum limit to the total late fee that can be imposed, which depends on the turnover too.
2
Interest
2.1
Interest Rate: The interest rate is usually a prescribed rate at 18% per annum.
2.2
Interest Calculation: The interest is calculated on the outstanding tax liability for each day of delay.
GST Late Fee & Interest Formula
Interest & Late Fee Calculation = (Outstanding Tax Liability * Interest Rate * Number of Days of Delay) / 365
Assume you have a GST liability of Rs. 2,00,000 for a particular tax period. The due date for filing the return was 20th July, but you filed it on 10th August. The daily late fee is Rs. 100, and the interest rate is 18% per annum.
• Late Fee: 21 days * Rs. 100/day = Rs. 2,100
• Interest: (Rs. 2,00,000 * 18% * 21 days) / 365 ≈ Rs. 2071
Total Amount Payable:
• Original Tax Liability: Rs. 2,00,000
• Late Fee: Rs. 2,100
• Interest: Rs. 2071
Total: Rs. 204,171
What is a GST calculator?
An Online GST calculator is a tool used to determine the amount of Goods and Services Tax (GST) applicable to a particular supply of goods or services done within India. The GST Calculator simplifies complex tax calculations, making it easier for individuals and businesses to understand and apply GST to purchase and supply of goods and services.
What is the percentage of GST in India?
India has a multi-tier GST structure with different rates for various goods and services. There are four main GST slabs: 5%, 12%, 18%, and 28%.
0%
Essential items like fresh vegetables, milk, etc.
5%
Basic necessities like food grains, medicines, etc.
12%
Standard goods and services.
18%
Most consumer goods and services.
28%
Luxury goods and sin products like cars, tobacco, etc.
Who can use a GST calculator?
Anyone who deals with goods and services in India can use a GST calculator.
This includes:
1
Businesses
1.1
Retails
1.2
Wholesalers
1.3
Manufacturers
1.4
Service providers
2
Individuals
2.1
Consumers
2.2
Freelancers
2.3
Small business owners
How can I calculate my GST?
GST calculation can be done based on the applicable GST Rate, exclusive price or inclusive price. For Exclusive GST Amount = (Selling Price x GST Rate) / 100. Here, the Selling Price is determined by adding the Cost Price and Profit percentage.
The calculator considers the selling price, representing the total value of goods or services subject to GST, and the GST rate, which is applicable based on the GST rate slab for the goods or services.
For GST on an Inclusive Price:
1
GST is Original Price = Inclusive Price / (1 + GST Rate/100)
2
Therefore the GST Amount is Inclusive Price - Original Price
How can a buyer use a GST calculator?
A buyer can use a GST calculator to quickly and accurately determine the final cost of a product or service, excluding the applicable GST amount, so that they can understand the applicable GST rate on the goods and services purchased.
This can be done in 2 simple steps below:
1
Original Price = Inclusive Price / (1 + GST Rate/100)
2
GST Amount = Inclusive Price - Original Price
How can a manufacturer or wholesaler use the GST Calculator?
For Wholesalers and manufacturers it is crucial to calculate the final selling price of the product after adding the manufacturing cost and the profit ratio
This can be done in 2 simple steps below:
1
GST Amount = Original Price * (GST Rate % / 100)
2
Total Amount (including GST) = Amount Excluding GST + GST Amount.
On what value is GST Calculated?
GST is usually calculated on the original price of a product or service after including the profit ratio. This gives the selling price including GST. On the other hand, we can also calculate the GST amount out of the total amount in case a product or service has been bought.
How to calculate GST interest?
When a taxpayer fails to pay GST on time, they are liable to pay interest on the outstanding amount. This interest is calculated on a daily basis from the due date of the return until the date of payment.
If the business fails to pay the GST amount by July 10th, the interest would be calculated from the due date of June 20th until the payment date. So, for the 20-day delay, the interest would be Rs. 492 (Rs. 50,000 x 18% per annum x 20 days / 365 days).
How to calculate GST on gross amount?
To calculate GST percentage on the total gross amount, simply multiply the total amount by GST% For example, if the total amount is Rs. 1000, the GST amount would be Rs. 180 for 18% GST. (1000 x 0.18).