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Business Loan GST Calculator

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Wholesaler
Net Price
₹
GST%
%
Cost of Production
₹
Profit ratio%
%
GST%
%
Cost of goods
₹
Profit ratio%
%
GST%
%

Gross Price

CGST Amount

IGST Amount

Total Tax

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Disclaimer: The aforementioned values, calculations and results are for illustrative and informational purposes only and may vary basis various parameters laid down by Tata Capital.

Business Loan GST Calculator

If you want to know the GST amount that you need to pay on your business loan, you can use a business loan GST calculator. A GST calculator is a simple online tool that can help you calculate GST amounts in the simplest manner. For example, you can use Tata Capital GST Calculator to calculate GST online by simply entering the net price of a product and the applicable GST rate.

How is GST Calculated on a Business Loan?

In the case of a business loan, the GST is levied on processing fees, pre-payment charges, foreclosure charges, or any other charges paid to the lender. The easiest way to calculate the GST amount on a business loan is to use a business loan GST calculator. You can easily find a GST calculator online and enter the net charge and the GST percentage to determine your payable GST amount. 

Apart from the GST tax calculator, another method to calculate GST amount is through a manual calculation. To calculate the GST on your business loan through the manual method, you will need to first determine the rate of GST applicable on your business loan. Once you know the applicable GST rate, you can use the following formula for finding GST:

GST = Original Cost x Rate of GST in % / 100

Then, you can calculate the Net Price by adding the GST amount to the original cost.

For example, let’s say that you have taken a business loan of Rs. 20 lakhs, and your lender is charging you a processing fee of 2% on it. Then, your processing charge would come to 2% of Rs. 20 lakhs, i.e., Rs. 40,000. Now, as per the GST Council rate, 18% GST is charged on loan processing fees.

So, in this case, the payable GST on your business loan processing fee would be 18% of Rs. 40,000, i.e., Rs. 7,200.

However, calculating GST manually is a time-taking process. It is also prone to human errors. That is why the best way to calculate GST is through a GST calculator in India.

How to Use a GST Calculator?

GST calculators are extremely easy and convenient to use. You can find a GST calculator online and simply enter a few values into it to calculate the GST amount. Here’s how you can use a Tata Capital GST Calculator to evaluate your total GST implications:

1

Select between Wholesaler, COG, or COP.

2

For Wholesaler, input the Net Price and the applicable GST rate in %. For COG, input the Cost of Goods, Profit Ratio in %, and the applicable GST rate in %. For COP, input the Cost of Production, Profit Ratio in %, and the applicable GST rate in %.

3

Once you enter these values, our GST calculator will instantly display the Gross Price, CGST Amount, IGST Amount, and Total Tax.

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Popular FAQs

How does the GST calculator operate?

A GST calculator is a useful tool to help you calculate how much GST you need to pay. For example, you can use the Tata Capital GST Calculator to calculate the GST of a product by entering the net price and GST rate.

Why is it crucial for businesses to use a GST calculator?

A GST calculator is a user-friendly and efficient tool that simplifies calculating GST for businesses. Other reasons to use the Tata Capital GST calculator are:

  • It reduces the chances of calculation errors and saves time.
  • It doesn't require any technical expertise; therefore, it's easy to use.
  • Since it's online, you can access it from anywhere, anytime.
  • It quickly determines gross or net product prices based on percentage GST rates.
  • And lastly, you know how much GST you need to pay.
Can a GST calculator assist me in figuring out how much GST needs to be paid or refunded?

Yes, a GST calculator helps you calculate the GST payable for a specific period.

How can I figure out the overall cost of a good or service that includes GST using a GST calculator?

It's very easy to determine the total GST on the cost of goods. Follow these simple steps:

  • Step 1: Enter the net price of the good.
  • Step 2: Select the applicable GST on that good.

    • Once you enter these values, you can see the total amount you need to pay, including GST. It also shows CGST, IGST and total tax on the good.

What elements should I take into account when utilizing a GST calculator?

When using the Tata Capital GST calculator, consider the following elements.

  • Net price
  • GST applicable (in percentage)
Is it challenging to use a GST calculator?

No, it's easy and convenient to use a GST calculator. You can use our GST calculator from the comfort of your home.

What details should I include into a GST calculator to receive precise results?

To get the best result, you need to first select between a wholesaler, COG and COP. 

    If you select:

    Wholesaler, enter the following details:

    #1 Net Price

    #2 GST

    COG, enter the following details:

    #1 Cost of goods

    #2 Profit Ratio

    #3 GST

    COP, enter the following details:

    #1 Cost of production

    #2 Profit ratio

    #3 GST

    Once you enter the details, our GST calculator will show you the gross price, CGST, IGST and the total tax payable.

Can I use a GST calculator for exports, purchases, and other types of transactions?

Yes, you can use a GST calculator for other transactions, such as sales transactions within states, service transactions, and calculating the payable GST for a specific period. 

To use a GST calculator for other types of transactions, one needs to input the net price before GST and the rate of GST. The GST calculator will then calculate the total cost of production, CGST, IGST, and total tax.

 

Can you enter different GST rates and exemptions into a GST calculator?

Yes, you can use a GST calculator for multiple GST rates by entering the applicable rate for each item or service in the transaction.  

Are there any restrictions on how a GST calculator is used?

There are no specific restrictions on how a GST calculator can be used. However, knowing the applicable GST rates for the products is essential to avoid common mistakes while calculating GST.

Can a GST calculator assist me with the filing and compliance requirements for GST?

Yes, a GST calculator can help you comply with the GST requirements by enabling you to determine the GST that you need to pay. Thereby allowing you to avoid the hassles that arise after wrong tax filings.

What advantages do I get if I use a GST calculator for my company?

A GST calculator can benefit you in various ways. A few of them are:

  • It saves you time in calculating the GST.
  • It helps you omit errors and mistakes that may happen while manually calculating.
  • It helps give the bifurcation between CGST and IGST.
  • It helps you comply with GST regulations and avoid penalties by ensuring the correct amount of GST is paid.

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