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:

• \( Net \) — Net amount before GST (₹)
• \( GST\% \) — GST percentage rate
• \( Total \) — Final amount including GST (₹)

Explanation: The calculator computes the GST amount by multiplying the net amount by the GST percentage, then adds this to the net amount to get the total payable amount.

3. Importance of GST Calculation

Details: Accurate GST calculation is essential for businesses to determine pricing, file tax returns, and maintain compliance with Indian tax laws.

4. Using the Calculator

Tips: Enter the net amount in Indian Rupees (₹) and the applicable GST percentage. The calculator will compute both the GST amount and the total amount including GST.

5. Frequently Asked Questions (FAQ)

Q1: What are the different GST slabs in India?
A: India has four primary GST slabs: 5%, 12%, 18%, and 28%, with some essential goods taxed at 0%.

Q2: How is GST different from VAT?
A: GST is a single, comprehensive tax applied at each stage of supply, while VAT was applied only at the sale point with no input tax credit.

Q3: Can I use this calculator for reverse GST calculation?
A: This calculator is for forward calculation. For reverse calculation (finding net from total), you would need a different formula.

Q4: Is GST applicable on all goods and services?
A: Most goods and services are covered under GST, but some like alcohol for human consumption and petroleum products are taxed separately by states.

Q5: How often should GST be filed?
A: Regular businesses must file monthly returns, while composition scheme dealers file quarterly returns.