Goods and Services Tax (GST) is an indirect tax used in India on the supply of goods and services. It is a comprehensive, multi-stage, destination-based tax.
Adding GST vs Removing GST
Exclusive (Adding GST): The price you see is the base price. GST is added on top of it. This is commonly used in wholesale (B2B) transactions.
Inclusive (Removing GST): The price you see already includes the tax. You need to calculate backward to find the true base price. This is common in retail (B2C) pricing (e.g., MRP).