Question

what is your understanding on gst & how is it calculated? how many types of sub taxes are there under gst?

Answer 1

Goods and Services Tax (GST) is an indirect tax (or consumption tax) levied in India on the supply of goods and services. GST is levied at every step in the production process, but is meant to be refunded to all parties in the various stages of production other than the final consumer.
IGST would be equal to the sum total of CGST and SGST/UTGST.GST (Goods and Services Tax) is the biggest indirect tax reform as it is a single tax levied on supply of goods and services. It is applicable as 5%, 12%, 18% and 28%. ... Tocalculate GST you can use the online GST calculator in India.