GST
Calculator India

0%: Fresh food, eggs, milk, books, educational services. 5%: Essential goods, economy air travel, economy restaurants. 12%: Processed food, business class air travel, mobile phones. 18%: Most services, restaurants in AC premises, electronics, most goods. 28%: Luxury and sin goods — luxury cars, tobacco, aerated drinks.

CGST (Central GST) + SGST (State GST): Applies on intra-state transactions — split equally between Centre and State. IGST (Integrated GST): Applies on inter-state transactions and imports — collected by Centre, shared with destination state. Total rate is the same.

Yes. Exports are zero-rated under GST. Exporters can claim full refund of ITC paid on inputs, capital goods, and input services used in export production. Apply through GSTR-1 and GSTR-3B filings.

ITC allows businesses to offset GST paid on purchases (inputs) against GST collected on sales (output). Only GST-registered businesses can claim ITC. It eliminates the cascading tax effect that existed before GST.

Businesses with annual turnover above ₹40 lakh (goods) or ₹20 lakh (services) must register. For special category states (NE India, Uttarakhand), threshold is ₹10–20 lakh. E-commerce operators and businesses selling across state borders must register regardless of turnover.

Most financial services attract 18% GST: mutual fund management fees, insurance premiums (life insurance: 18% on term, 4.5% on first year traditional plans), stock brokerage, bank charges. Note: Life insurance GST on term plans was reduced to benefit policyholders.