What is GST rate in India?
Current GST rate in India is 18% for goods and services. There are reduced rates 0%, 5% and 12% for some
goods and services, and 28% luxury rate for some items.
Special GST rates in India
There is a special rate of 0.25% on rough precious and semi-precious stones and 3% on gold. In addition a
cess of 15% or other rates on top of 28% GST applies on few items like aerated drinks, luxury cars and
tobacco products.
Indian Goods and Services tax history
GST in India was started to charge on 1st of July 2017. It replaced multiple cascading taxes levied by the
central and state governments.
How to calculate Indian GST manually
To calculate Indian GST at 18% rate is very easy: just multiple your GST exclusive amount by 0.18.
- $10 is GST exclusive value
- $10 * 0.18 = $1.8 GST amount
To get GST inclusive amount multiply GST exclusive value by 1.18
- $10 is GST exclusive value
- $10 * 0.18 = $1.8 GST amount
To get GST part of GST inclusive amount you need divide GST inclusive amount by 118 and multiply by 18
- $10 is GST exclusive value
- $10 * 0.18 = $1.8 GST amount
To get GST exclusive amount while knowing GST inclusive value you need to multiply GST inclusive price by
100 ant then divide result by 118
- $236 is GST inclusive value
- $236*100=$23600
- $23600/ 118 = $200