Question 1

What is GST?

Accepted Answer

GST (Goods and Services Tax) is a comprehensive indirect tax levied on the supply of goods and services in India. It replaced multiple cascading taxes and has four main rate slabs: 5%, 12%, 18%, and 28%.

Question 2

How do I calculate GST from an inclusive price?

Accepted Answer

To extract GST from an inclusive price: Original Price = Inclusive Price × (100 / (100 + GST Rate)). The GST amount = Inclusive Price - Original Price.

Question 3

What are the GST tax slabs in India?

Accepted Answer

The four main GST slabs are 5% (essential items), 12% (standard goods), 18% (most goods and services), and 28% (luxury items and sin goods). There are also special rates of 0.25% and 3%.

Question 4

Is this GST calculator accurate?

Accepted Answer

Yes. This calculator uses standard GST formulas for both inclusive and exclusive calculations. It supports all standard GST rates including CGST, SGST, and IGST components.