1. What is GST?

GST (Goods and Services Tax) is a comprehensive indirect tax levied on the supply of goods and services in India. It has replaced multiple cascading taxes levied by the central and state governments.

2. How Does the Calculator Work?

The calculator uses the GST formula:

Where:

• \( Amount \) — Base amount before GST (INR)
• \( Rate \) — GST rate percentage (3-28%)

Explanation: The calculator computes the GST amount and total amount (including GST) based on the input values.

3. Importance of GST Calculation

Details: Accurate GST calculation is crucial for businesses to determine tax liability, maintain compliance, and issue correct invoices.

4. Using the Calculator

Tips: Enter amount in INR and GST rate as percentage (3-28%). All values must be valid (amount > 0, rate between 3-28).

5. Frequently Asked Questions (FAQ)

Q1: What are the GST rate slabs in India?
A: The main GST slabs are 5%, 12%, 18%, and 28%, with special rates for some items (0.25%, 1%, 3%).

Q2: How is GST different from VAT?
A: GST is a single, destination-based tax replacing multiple indirect taxes, while VAT was applied only to goods at state level.

Q3: What is IGST, CGST and SGST?
A: IGST (Integrated GST) for inter-state, CGST (Central GST) and SGST (State GST) for intra-state transactions.

Q4: Are there goods exempt from GST?
A: Yes, some essential items like fresh vegetables, milk, bread are exempt (0% GST).

Q5: How often must GST be filed?
A: Regular businesses must file monthly returns (GSTR-1, GSTR-3B) and an annual return (GSTR-9).