GST Calculator

Goods and Services Tax (GST) is a comprehensive indirect tax levied on the supply of goods and services in India. It replaced multiple taxes like VAT, Service Tax, and Excise Duty with a single unified tax.

GST Rate Structure:

• 0% - Essential goods and services
• 5% - Basic necessities and food items
• 12% - Standard rate for processed foods and basic services
• 18% - Standard rate for most goods and services
• 28% - Luxury items and sin goods

Components of GST:

• CGST - Central Goods and Services Tax
• SGST - State Goods and Services Tax
• IGST - Integrated Goods and Services Tax (for interstate)
• UTGST - Union Territory Goods and Services Tax
• Each component is half of the applicable GST rate

Key Features:

• Input Tax Credit available to businesses
• Electronic filing and payment system
• Composition scheme for small businesses
• Reverse charge mechanism for specific services
• E-way bill system for goods transportation