GST Calculator Australia — FY 2024-25
Add or remove GST from any amount instantly. For Australia. Uses current FY 2024-25 data.
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Common questions — Australia
What are the GST slabs in India?
India has four main GST slabs: 5% (essential goods, healthcare), 12% (processed food, computers), 18% (most goods and services), and 28% (luxury goods, automobiles). Zero-rated: fresh food, educational services, healthcare. Special rate: 3% for gold and silver.
What is input tax credit (ITC)?
Businesses can offset the GST they paid on inputs (raw materials, services) against the GST they collect on sales. This prevents cascading taxation. If you paid ₹18,000 GST on materials and collected ₹36,000 GST on your product, you remit only ₹18,000 to the government.
Who needs to register for GST in India?
Businesses with turnover above ₹40 lakh (goods) or ₹20 lakh (services) must register. In special category states, the threshold is ₹20 lakh (goods) or ₹10 lakh (services). Some businesses must register regardless of turnover: inter-state suppliers, e-commerce sellers, etc.
What is the reverse charge mechanism in GST?
Normally, the supplier collects and remits GST. In reverse charge, the recipient is liable to pay GST directly. This applies to: services from unregistered dealers, specific services like legal, GTA, security. The recipient pays GST and can simultaneously claim ITC.
How is GST different from the old VAT/Service Tax system?
GST replaced multiple taxes (VAT, Service Tax, Excise, CST) with one unified tax. The key improvements: one registration for all India (vs state-wise VAT registrations), seamless ITC across supply chain, and removal of the distinction between goods and services tax.