Question

How to calculate IGST?

Answer 1

Explanation:

Let's take a look at how CGST, SGST and IGST are calculated under the GST tax system.

Let's take a look at how CGST, SGST and IGST are calculated under the GST tax system....

Let's take a look at how CGST, SGST and IGST are calculated under the GST tax system....Calculating CGST, SGST and IGST.

Let's take a look at how CGST, SGST and IGST are calculated under the GST tax system....Calculating CGST, SGST and IGST.Particulars Amount

Let's take a look at how CGST, SGST and IGST are calculated under the GST tax system....Calculating CGST, SGST and IGST.Particulars AmountIGST Rs. 20 lakh * 18% = Rs. 3.60 lakh Rs. 15 lakh * 18% = Rs. 2.70 lakh Total = Rs. 6.30 lakh

Let's take a look at how CGST, SGST and IGST are calculated under the GST tax system....Calculating CGST, SGST and IGST.Particulars AmountIGST Rs. 20 lakh * 18% = Rs. 3.60 lakh Rs. 15 lakh * 18% = Rs. 2.70 lakh Total = Rs. 6.30 lakhCGST Rs. 10 lakh * 6% = Rs. 60,000

Let's take a look at how CGST, SGST and IGST are calculated under the GST tax system....Calculating CGST, SGST and IGST.Particulars AmountIGST Rs. 20 lakh * 18% = Rs. 3.60 lakh Rs. 15 lakh * 18% = Rs. 2.70 lakh Total = Rs. 6.30 lakhCGST Rs. 10 lakh * 6% = Rs. 60,000SGST Rs. 10 lakh * 6% = Rs. 60,000

Answer 2

Answer:

GST calculation can be explained by simple illustration : If a goods or services is sold at Rs. 1,000 and the GST rate applicable is 18%, then the net price calculated will be = 1,000+ (1,000X(18/100)) = 1,000+180 = Rs. 1,180

What are the types of GST?

Currently, the types of GST in India are CGST, SGST and IGST. This simple division helps distinguish between inter- and intra-state supplies and mitigates indirect taxes. To learn more, read about these 3 different types of GST.

Types of GST in India- CGST, SGST & IGST

How do I calculate GST?

The formula for GST calculation:

Add GST: GST Amount = (Original Cost x GST%)/100. Net Price = Original Cost + GST Amount.

Remove GST: GST Amount = Original Cost – [Original Cost x {100/(100+GST%)}] Net Price = Original Cost – GST Amount.

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