1. What is GST Calculation?

GST (Goods and Services Tax) is calculated by multiplying the price of goods or services by the applicable GST rate. HS Codes help determine the correct GST rate for international trade.

2. How Does the Calculator Work?

The calculator uses the GST formula:

Where:

• \( Price \) — The base price of goods/services
• \( GST\ Rate \) — The applicable GST percentage rate

Explanation: The calculation determines the tax amount to be added to the base price.

3. Importance of HS Codes

Details: HS (Harmonized System) codes are international standards for classifying traded products. They help determine the correct GST rate for imports and exports.

4. Using the Calculator

Tips: Enter the price (without tax), GST rate percentage, and optionally the HS code for reference. All values must be valid (price > 0, rate ≥ 0).

5. Frequently Asked Questions (FAQ)

Q1: How do I find the correct HS code?
A: HS codes are typically 6-10 digits and can be found through your country's customs website or trade databases.

Q2: Are GST rates the same for all HS codes?
A: No, different products/services have different GST rates. The HS code helps identify the correct rate.

Q3: Should I include currency symbols?
A: No, just enter the numerical value. The calculator works with any currency.

Q4: Can I calculate reverse GST?
A: This calculator computes GST from price. For reverse calculation (price from total), a different formula is needed.

Q5: Are there GST exemptions?
A: Yes, some goods/services are GST exempt. Check with your local tax authority for exemptions related to specific HS codes.