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gst_calc

Tax to be charged under GST

Name Under Remarks
GST Goods and Services Tax
Supply within the State GST Local Supply
Supply beyond the State GST Interstate Supply
CGST + SGST Supply within the State Central GST + State GST
CGST + UTGST Supply within the State Central GST + Union Territory GST
IGST Supply beyond the State Integrated GST

For Local Supply in Karnataka with GST rate of 12%, make an invoice as follows:-

Taxable Value = 1000
CGST @ 6%     =   60
KGST @ 6%     =   60
Total Value   = 1120

For Interstate Supply from Karnataka with GST rate of 12%, make an invoice as follows:-

Taxable Value = 1000
IGST @ 12%    =  120
Total Value   = 1120

GST - 5% Tax Rate - MRP - Discount

DescriptionAmountRemarks
M.R.P Value 500
Discount @ 10% 50
Net Value 450
Special Discount @ 4.76% 22 (Always Round Off to Even Value)
Taxable Value 428
CGST @ 2.5% 11
KGST @ 2.5% 11
Grand Total 450

GST - 12% Tax Rate - MRP - Discount

DescriptionAmountRemarks
M.R.P Value 3000
Discount @ 10% 300
Net Value 2700
Special Discount @ 10.71% 290(Always Round Off to Even Value)
Taxable Value 2410
CGST @ 6% 145
KGST @ 6% 145
Grand Total 2700
gst_calc.txt · Last modified: 04-Oct-2017 3:00 pm (external edit)

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