What is GST?
Goods and Services Tax (GST) is an indirect tax levied on the supply of goods and services in India. It replaced multiple central and state taxes in 2017 and has 4 main slabs: 5%, 12%, 18% and 28%.
What is CGST, SGST and IGST?
For intra-state transactions, GST is split equally into CGST (Central GST) and SGST (State GST). For inter-state transactions and imports, IGST (Integrated GST) is charged.
How do I add GST to a base amount?
Final amount = Base × (1 + GST%/100). Use the 'Add GST' option in the calculator — it shows the GST amount and the gross total.
How do I remove GST from a total?
Net amount = Total × 100 / (100 + GST%). Use the 'Remove GST' option — it shows the base and the GST component extracted.
What is the GST rate on LIC premiums?
LIC endowment and money-back plans attract 4.5% GST in year 1 and 2.25% from year 2 onwards. LIC term plans (pure protection) attract 18% GST.
