Data Source and Methodology
The calculations are based on standard GST rates in India as provided by the Government of India. For more details, visit the official GST rates page.
All calculations are performed using the formula: Total = Net × (1 + GST Rate / 100) for adding GST and Net = Total / (1 + GST Rate / 100) for removing GST.
The Formula Explained
Adding GST: \( \text{Total} = \text{Net} \times \left(1 + \frac{\text{GST Rate}}{100}\right) \)
Removing GST: \( \text{Net} = \frac{\text{Total}}{\left(1 + \frac{\text{GST Rate}}{100}\right)} \)
Glossary of Variables
- Net Amount: The original amount before applying GST.
- GST Rate (%): The percentage of GST applicable.
- GST Amount: The calculated GST value on the net amount.
- Total Amount: The final amount after adding or removing GST.
How It Works: A Step-by-Step Example
For instance, if you have a net amount of ₹1,000 and a GST rate of 18%, the GST amount will be ₹180, and the total amount will be ₹1,180.
Frequently Asked Questions (FAQ)
What is GST?
GST, or Goods and Services Tax, is a value-added tax levied on most goods and services sold for domestic consumption in India.
How do I calculate GST?
Use the formula provided in our GST calculator to add or remove GST from your base amount.
What are the different GST slab rates in India?
The standard GST slab rates are 5%, 12%, 18%, and 28%.
What is the difference between CGST, SGST, and IGST?
CGST and SGST are levied by the central and state governments on intra-state supplies, while IGST is levied on inter-state supplies.
Is the GST calculator applicable to all states in India?
Yes, the GST calculator is applicable across all Indian states as GST is a unified tax system.