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

Gross Price

CGST Amount

IGST Amount

Total Tax

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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What our customers say about us

Your services for customer satisfaction are really great. Lots of thanks for your kind consideration. Thanks a lot.

RAM SUNDAR PRASAD SINGH

Business Loan | 03 May, 2024

Great and Consistent customer care service available in Tata capital. Great job

SETHURAMAN M

Business Loan | 24 April, 2024

The process was so easy and team support and their knowledge on the product is too good.

CAFE HIND FOODS MADRAS

Business Loan | 10 April, 2024

Tata Capital is a good loan company, and its services are exceptionally fast. Overall, Tata Capital is a great company.

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Business Loan | 28 March, 2024

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Business Loan | 08 February, 2024

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Business Loan | 03 February, 2024

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Machinery Loans

If you’re into a manufacturing business, you may need to install the latest machinery or equipment in your factory.

You can apply for a machinery loan with us to fund the purchase of your business-related tools or equipment.

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If you’re unsure of the total loan amount that you may need for your business, you can avail of a business loan overdraft facility or an overdraft business loan.

With Tata Capital, you can get an OD loan for business of up to Rs. 90 lakhs at an affordable interest rate.

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Tata Capital’s small business loans are tailor-made loans to help micro and small businesses in India meet their urgent monetary requirements.

You can apply for a new small business loan online and get the funding from the comforts of your home or office.

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