Question 1

How to calculate GST amount from inclusive MRP?

Accepted Answer

To calculate GST from an inclusive price: GST Amount = Price - (Price × (100 / (100 + GST%))). For example, for ₹1,180 with 18% GST, Base Price = ₹1,000 and GST Amount = ₹180.

Question 2

What are the active GST slab rates in India?

Accepted Answer

The primary GST slab rates in India are 0% (essential foods), 5% (packaged foods, apparel under ₹1000), 12% (processed foods), 18% (retail goods, electronics, IT services), and 28% (automobiles, luxury goods).