Question 1

What is GST?

Accepted Answer

Goods and Services Tax (GST) is an indirect comprehensive tax levied on the supply of goods and services. In India, it is divided into CGST (Central), SGST (State), and IGST (Integrated).

Question 2

How is 'Add GST' calculated?

Accepted Answer

To add GST to a base amount: GST Amount = (Base Amount × Rate) / 100. Total = Base Amount + GST Amount.

Question 3

How is 'Remove GST' calculated?

Accepted Answer

To find the base amount from a GST-inclusive price: Base Amount = Total Price / (1 + Rate/100).

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