Interest and EMI
Simple interest, compound interest by frequency, and a loan EMI with a yearly schedule.
- Loan EMI
- Simple interest
- Compound interest
Class 7 to 12, commerce, families
Gurukul Technicals InstituteProjects & kits · Computer education · RoboticsBecome a Franchise PartnerMenuHead office, Rana Pratap Bagh, Delhi
Add GST to a price, or find the price before GST inside an amount that already includes it. See the CGST and SGST split for a sale within a state, or IGST between states. You type the rate: check the current rate for your item on the official GST portal.
Type the amount and the GST rate that applies to your item, then choose whether the amount already includes GST.
What it works out
GST (Goods and Services Tax) is charged on most sales of goods and services in India. On a sale within one state the tax is split equally between the Centre (CGST) and the state (SGST); on a sale from one state to another, the whole tax is IGST.
Shopkeepers, commerce students and anyone checking a bill need two sums: adding GST to a price, and working backwards from a price that already includes it. The second is where most mistakes happen.
Formula and worked example
The calculator uses exactly these formulas. Write them in your notebook and check one answer by hand: it is the surest way to remember them.
A ₹1,180 bill that includes GST (18% used only as an example rate)
Answer₹1,000 + ₹180 GST (CGST ₹90 + SGST ₹90)
In projects and exams
Add GST to a price or take it out, with the CGST and SGST split, at a rate you enter. Here is where it earns its place in a school year.
Check GST entries and invoice sums in practice questions, with the working shown.
Find the price to charge, or the tax inside a price, before writing an invoice.
See how much of a restaurant or shop bill is tax, and how it splits.
Verify the figures your accounting software calculates while you learn it.
Check your work
These are the slips that cost marks in exams and burn out parts on the bench.
GST inside ₹1,180 at 18% is ₹180, not 18% of ₹1,180 (₹212.40). Use "Including GST" mode.
At 18% within a state, CGST and SGST are 9% each, not 18% each.
A sale to another state carries IGST at the full rate instead.
Rates are revised from time to time. Confirm the current rate for the item's HSN or SAC code before you bill.
Questions
Stuck on a project or a sum? Ask the institute on WhatsApp.
Ask on WhatsAppThe GST Council sets the rates and revises them from time to time, so this page does not list them. Look up your item's HSN or SAC code on the official GST portal (gst.gov.in) or the CBIC website, or ask a tax professional.
Within a state, the GST is shared equally between the Centre (CGST) and the state (SGST). On a sale between states it is collected as IGST. In union territories without their own legislature, UTGST takes the place of SGST.
An MRP already includes the taxes, so choose "Including GST", type the MRP and the rate, and the calculator shows the price before GST and the tax inside it.
It does the arithmetic only. Returns need proper invoices, the correct rates and codes, and often professional advice.
Free ebooks
Free PDF ebooks in easy English: download, print and share them.
Accounting
How Goods and Services Tax works, explained with simple examples
Accounting
The complete study notes, practice questions and glossary for Tally with GST
Accounting
Percentages, profit and loss, discount, interest and ratios with shop examples
Accounting
Debit and credit, journal, ledger, trial balance and final accounts, made simple